MGT103 Questions and
Answers
In the BCG matrix, are businesses that have a very small share of a market that is
not expected to grow.
A. dogs
B. stars
C. cash cows
D. questions marks
✓✓~ A
___________________is the determination of alternative courses of action to be
taken if an intended plan of action is unexpectedly disrupted or rendered
inappropriate.
A. Contingency planning
B. Crisis management
C. Goal setting
D. Forecast
,✓✓~ A
________________are developed for activities that recur regularly over a period of
time.
A. Standing plans
B. ontingency plans
C. Single-use plans
D. Multiple-use plans
✓✓~ A
When the decision maker knows with reasonable certainty what the alternatives are
and what conditions are associated with each alternative,
a________________exists.
A. state of certainty
B. state of risk
C. state of uncertainty
D. state of being risk-free
✓✓~ A
According to the classical decision model, which one of the following is NOT one of
the assumptions regarding the decision-making process?
, A. Decision makers have complete information about the decision situation and
possible alternatives
B. Decision makers can effectively eliminate uncertainty to achieve a decision
condition of certainty.
C. Decision makers evaluate all aspects of the decision situation logically and
rationally.
D. Decision makers can always forecast the risks involved in making the decision.
✓✓~ D
Which one is NOT one of the steps in the rational decision-making process?
A. Recognizing and defining the decision situation
B. Selecting the best alternative
C. Evaluating options in case of making a bad decision
D. Following up and evaluating the results
✓✓~ C
For years, executives at GM, Ford, and Chrysler compared their companies'
performance only to one another's and essentially ignored foreign imports. The
foreign "threat" was not acknowledged until the domestic auto market had been
changed forever. In this case, these executives were affected by:
A. bounded rationality
Answers
In the BCG matrix, are businesses that have a very small share of a market that is
not expected to grow.
A. dogs
B. stars
C. cash cows
D. questions marks
✓✓~ A
___________________is the determination of alternative courses of action to be
taken if an intended plan of action is unexpectedly disrupted or rendered
inappropriate.
A. Contingency planning
B. Crisis management
C. Goal setting
D. Forecast
,✓✓~ A
________________are developed for activities that recur regularly over a period of
time.
A. Standing plans
B. ontingency plans
C. Single-use plans
D. Multiple-use plans
✓✓~ A
When the decision maker knows with reasonable certainty what the alternatives are
and what conditions are associated with each alternative,
a________________exists.
A. state of certainty
B. state of risk
C. state of uncertainty
D. state of being risk-free
✓✓~ A
According to the classical decision model, which one of the following is NOT one of
the assumptions regarding the decision-making process?
, A. Decision makers have complete information about the decision situation and
possible alternatives
B. Decision makers can effectively eliminate uncertainty to achieve a decision
condition of certainty.
C. Decision makers evaluate all aspects of the decision situation logically and
rationally.
D. Decision makers can always forecast the risks involved in making the decision.
✓✓~ D
Which one is NOT one of the steps in the rational decision-making process?
A. Recognizing and defining the decision situation
B. Selecting the best alternative
C. Evaluating options in case of making a bad decision
D. Following up and evaluating the results
✓✓~ C
For years, executives at GM, Ford, and Chrysler compared their companies'
performance only to one another's and essentially ignored foreign imports. The
foreign "threat" was not acknowledged until the domestic auto market had been
changed forever. In this case, these executives were affected by:
A. bounded rationality
