MGMT 303 | UPDATED Questions with 100% Verified Answers
Question: a ______ is a choice made from available alternatives.
Answer:
decision
Question: according to Kahneman, which of the following characteristics describe System 2 thinking?
Answer:
conscious, analytical, and deliberate
Question: which model of decision making explains how managers should use logic to determine the optimal
means of furthering the organization's best interests?
Answer:
the rational model
Question: ____ are difficulties that inhibit the achievement of goals.
Answer:
Problems
Question: what is the most valuable competitive resource for a manager who needs alternative solutions to a
problem?
Answer:
employees with ideas
Question: which of the following is an accurate description of decision making?
Answer:
the process of identifying and choosing alternative courses of action
Question: what is the third stage of the rational model of decision making?
Answer:
evaluate alternatives and select a solution
Question: according to Kahneman, System 1 thinking is _____
Answer:
intuitive and largely unconscious
, Question: list the steps of the rational model of decision making in the correct order.
Answer:
identify the problem or opportunity, think of alternative solutions, evaluate alternatives and select a solution,
implement and evaluate the solution chosen
Question: which of the following function as the first stage in rational decision making by managers?
Answer:
sales shortfalls, customer complaints, poor product quality
Question: which of the following are true regarding the second stage in the rational model of decision making?
Answer:
creativity precede innovation and has been described as the source of all intellectual property, once you have
identified a problem or an opportunity and diagnosed its causes you need to come up with both obvious and
creative alternative solutions
Question: which of the following questions would you use to evaluate alternatives in the third stage of the
rational model of decision making?
Answer:
is it ethical? Is it ultimately effective? is it feasible?
Question: the rational model of decision-making is considered ____ in that it describes how managers "should"
make decisions, rather than how they actually make them.
Answer:
prescriptive
Question: successful implementation of major decisions requires which of the following?
Answer:
careful planning, sensitivity to those affected by the decision
Question: which model of decision making acknowledges that uncertainty and risk make it difficult for
managers to make optimal decisions?
Answer:
the non rational model
Question: a ______ is a choice made from available alternatives.
Answer:
decision
Question: according to Kahneman, which of the following characteristics describe System 2 thinking?
Answer:
conscious, analytical, and deliberate
Question: which model of decision making explains how managers should use logic to determine the optimal
means of furthering the organization's best interests?
Answer:
the rational model
Question: ____ are difficulties that inhibit the achievement of goals.
Answer:
Problems
Question: what is the most valuable competitive resource for a manager who needs alternative solutions to a
problem?
Answer:
employees with ideas
Question: which of the following is an accurate description of decision making?
Answer:
the process of identifying and choosing alternative courses of action
Question: what is the third stage of the rational model of decision making?
Answer:
evaluate alternatives and select a solution
Question: according to Kahneman, System 1 thinking is _____
Answer:
intuitive and largely unconscious
, Question: list the steps of the rational model of decision making in the correct order.
Answer:
identify the problem or opportunity, think of alternative solutions, evaluate alternatives and select a solution,
implement and evaluate the solution chosen
Question: which of the following function as the first stage in rational decision making by managers?
Answer:
sales shortfalls, customer complaints, poor product quality
Question: which of the following are true regarding the second stage in the rational model of decision making?
Answer:
creativity precede innovation and has been described as the source of all intellectual property, once you have
identified a problem or an opportunity and diagnosed its causes you need to come up with both obvious and
creative alternative solutions
Question: which of the following questions would you use to evaluate alternatives in the third stage of the
rational model of decision making?
Answer:
is it ethical? Is it ultimately effective? is it feasible?
Question: the rational model of decision-making is considered ____ in that it describes how managers "should"
make decisions, rather than how they actually make them.
Answer:
prescriptive
Question: successful implementation of major decisions requires which of the following?
Answer:
careful planning, sensitivity to those affected by the decision
Question: which model of decision making acknowledges that uncertainty and risk make it difficult for
managers to make optimal decisions?
Answer:
the non rational model
