AND ANSWERS
Which of the following is an example of a programmed decision situation? - ANS reorder of
raw materials from an established supplier
All of the following are characteristics of a nonprogrammed decision situation except: -
ANS multivariate
The initial step in a problem solving, decision situation is: - ANS problem recognition
The final step in the decision-making process is: - ANS feedback and monitoring
Intuition would be a major part of the input for a manager making what kind of decision? -
ANS nonprogrammed
An effective decision is timely, acceptable to the individuals affected by it, and: - ANS meets
the desired objective
The rational model of decision making assumes: - ANS that the decision maker can calculate
the probability of success for alternatives
In the rational model, the decision maker strives to: - ANS optimize
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, Under the bounded rationality model of problem solving and decision making: -
ANS managers are comfortable making decisions without identifying all options
The model of bounded rationality was first proposed by: - ANS Herbert Simon
You are starting your senior year of college and look forward to graduation in May. An
important task at hand is selecting courses for your final year of study. All but two of your
courses are electives. Your course selections will most likely be made based on the: -
ANS bounded rationality model
An important element of the bounded rationality model is: - ANS satisficing
Heuristics are: - ANS shortcuts in decision making that save mental activity
Which decision-making model is the most realistic in portraying the managerial decision
process? - ANS bounded rationality
A decision situation where some information is known and probabilities can be assigned to
alternative solutions reflects a decision made under: - ANS risk
The cognitive style that exhibits a preference for data and a detailed, objective approach to
decision making is: - ANS sensing/thinking
The fourth step in the Z model of problem solving is: - ANS impact analysis
Step one of the Z model corresponds to the _____ cognitive style. - ANS sensing/thinking
The first step in the Z problem solving model, which is to examine facts and detail, uses which
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of the following to gather information about the problem? - ANS sensing
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