01 May Question51. ____ is the last step in the decision making process.
Question
51. ____ is the last step in the decision making process.
| a. | Evaluation and feedback |
| b. | Development of alternatives |
| c. | Implementation of chosen alternative |
| d. | Selection of desired requirement |
| e. | Recognition of decision requirement |
52. “When did it occur” and “how did it occur” are questions associated with which step of the decision making process?
| a. | Diagnosis and analysis of causes |
| b. | Recognition of decision requirement |
| c. | Development of alternatives |
| d. | Selection of desired alternative |
| e. | None of these |
53. The recognition of the decision requirement step in the managerial decision making process requires managers to
| a. | develop alternative solutions. |
| b. | integrate information in novel ways. |
| c. | use the classical model of decision making. |
| d. | focus on generating ideas. |
| e. | select undesirable alternatives. |
54. The decision-maker must ____ once the problem has been recognized and analyzed.
| a. | evaluate and provide feedback |
| b. | choose among alternatives |
| c. | generate alternatives |
| d. | prioritize the alternatives |
| e. | reanalyze the problem |
55. For a programmed decision,
| a. | alternatives are usually difficult to identify. |
| b. | alternatives are usually easy to identify. |
| c. | there are usually few alternatives. |
| d. | there are usually few alternatives and they are difficult to identify. |
| e. | there are no alternatives. |
56. Ryan is a manager at Dream Catchers. Dream Catchers is currently operating in an environment of high uncertainty. As a result, Ryan will
| a. | likely be making programmed decisions. |
| b. | probably have an easy time generating alternatives. |
| c. | probably have a difficult time generating alternatives. |
| d. | likely rely on the classical model of decision making. |
| e. | wait until environment becomes certain. |
57. Once the desired alternative is developed, it should be
| a. | analyzed. |
| b. | evaluated. |
| c. | selected. |
| d. | recognized. |
| e. | identified. |
58. Which of the following refers to the willingness to undertake risk with the opportunity to increase one’s return?
| a. | Tunnel vision |
| b. | Risk propensity |
| c. | Risk averse |
| d. | Thrill seeking |
| e. | Ineffective investment philosophy |
59. The ____ step in the decision making process involves using managerial, administrative, and persuasive abilities to translate the chosen alternative into action.
| a. | recognition |
| b. | analysis |
| c. | evaluation |
| d. | implementation |
| e. | feedback |
60. Feedback is important because
| a. | decision making is a continuous process. |
| b. | it provides decision-makers with new information. |
| c. | it helps determine if a new decision needs to be made. |
| d. | it provides decision-makers with new information and it helps determine if a new decision needs to be made. |
| e. | all of these. |
61. Genna is collecting data on how well the organization has done since their new strategy was implemented. She is in what stage of the managerial decision making process?
| a. | The generation of alternatives |
| b. | Implementation of the chosen alternative |
| c. | Evaluation and feedback |
| d. | Recognition of the decision requirement |
| e. | Selection of desired alternative |
62. Which style is used by people who prefer simple, clear-cut solutions to problems?
| a. | Behavioral |
| b. | Conceptual |
| c. | Directive |
| d. | Analytical |
| e. | Classical |
63. Personal ____ style refers to differences among people with respect to how they perceive problems and make decisions.
| a. | risk taking |
| b. | behavior |
| c. | decision |
| d. | strategic |
| e. | analysis |
64. Managers are considered as having ____ style, when they like to consider complex solutions based on as much data as they can gather.
| a. | behavioral |
| b. | conceptual |
| c. | directive |
| d. | analytical |
| e. | classical |
65. Which of these styles is adopted by managers having a deep concern for others as individuals?
| a. | Behavioral |
| b. | Classical |
| c. | Analytic |
| d. | Logical |
| e. | Conceptual |
66. People with a(n) ____ style usually are concerned with the personal development of others and may make decisions that help others achieve their goals.
| a. | classical |
| b. | analytic |
| c. | logical |
| d. | behavioral |
| e. | conceptual |
67. All of the following are cognitive biases that can affect manager’s judgment EXCEPT
| a. | being influenced by initial impressions. |
| b. | justifying past decisions. |
| c. | seeing what you don’t want to see. |
| d. | perpetuating the status quo. |
| e. | overconfidence. |
68. The ability to make ____ decisions is a critical skill in today’s fast-moving organizations.
| a. | fast |
| b. | widely supported |
| c. | high-quality |
| d. | frequent |
| e. | all of these |
69. According to Spotlight on Skills in Chapter 6, which of the following is not an idea for applying evidence-based decision making?
| a. | Demand evidence. |
| b. | Perform secondary research. |
| c. | Do a postmortem review. |
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