11 May WHAT STAGE OF THE DECISION-MAKING PROCESS IS HE IN?
Which of the following statements best describes the business value of improved
decision making?
A)
Improved decision making creates better products.
B)
Improved decision making results in a large monetary value for the firm as
numerous small daily decisions affecting efficiency, production, costs, and
more add up to large annual values.
C)
Improved decision making enables senior executives to more accurately foresee
future financial trends.
D)
Improved decision making strengthens customer and supplier intimacy, which
reduces costs.
54)
Senior executives face many ________ decision situations, such as establishing
the firm’s five- or ten-year goals or deciding new markets to enter.
A)
structured
B) unstructured
C)
semistructured
D)
semiunstructured
55)
Middle management faces more structured decision scenarios but their decisions
may include ________ components.
A)
structured
B) unstructured
C)
semistructured
D)
semiunstructured
56)
Operational management and rank-and-file employees tend to make more ________
decisions.
A)
structured
B) unstructured
C)
semistructured
D)
semiunstructured
57)
Many decisions have elements of both types of decisions and are ________, where
only part of the problem has a clear-cut answer provided by an accepted
procedure.
A)
structured
B) unstructured
C)
semistructured
D)
semiunstructured
58)
John has an important decision to make. He wants to decide how his firm should
enter their new product line in Ontario. He has chosen to enter the market and
use gas stations to distribute the product. He is continuing to monitor how the
decision is going. What stage of the decision-making process is he in?
A)
intelligence
B) design
C)
choice
D)
implementation
59)
Brad has an important decision to make. He wants to decide how his firm should
enter their new product line in Alberta. He is deciding between using a
wholesaler and creating his own distribution channel. He is choosing to use a
wholesaler. What stage of the decision-making process is he in?
A)
intelligence
B) design
C)
choice
D)
implementation
60)
Ken has an important decision to make. He wants to decide how his firm should
enter their new product line in Alberta. He is looking at many options and
solutions to this opportunity. What stage of the decision-making process is he
in?
A)
intelligence
B) design
C)
choice
D)
implementation
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