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MGMT 311 FINAL EXAM/ NEWEST 2025 WITH COMPLETE QUESTIONS AND CORRECT VERIFIED ANSWERS/ WELL GRADED A+// LATEST VERSION

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MGMT 311 FINAL EXAM/ NEWEST 2025 WITH COMPLETE QUESTIONS AND CORRECT VERIFIED ANSWERS/ WELL GRADED A+// LATEST VERSION Intuitive decisions require time and effort and result from careful information gathering. - CORRECT ANSWERS-False When uncertainty exists, the probabilities of alternative outcomes cannot be determined and future outcomes are unknown. - CORRECT ANSWERS-True Generating creative alternatives to solve problems may require managers to abandon their existing mind-sets. - CORRECT ANSWERS-True Escalating commitment is the tendency of decision makers to overestimate their ability to control activities and events. - CORRECT ANSWERS-False The illusion of control causes managers to overestimate the odds of a favorable outcome and, consequently, to make inappropriate decisions. - CORRECT ANSWERS-True Groupthink causes the unintended effect of discouraging individuals from raising issues that run counter to majority opinion. - CORRECT ANSWERS-True A skunkworks is a group of intrapreneurs who are deliberately separated from the normal operation of an organization to encourage them to devote all their attention to developing new products. - CORRECT ANSWERS-True The lower the level of intrapreneurship in a firm, the higher the level of learning and innovation. - CORRECT ANSWERS-False Decisions that are based on rules and guidelines are known as ______ decisions. - CORRECT ANSWERS-programmed Barbara, a school superintendent, hires an additional teacher whenever the student enrollment in a grade goes beyond 35. This can be classified as a(n) _____ decision. - CORRECT ANSWERS-programmed Programmed decision making is a(n) ______ process. - CORRECT ANSWERS-routine decisions are nonroutine decisions made in response to novel situations in business. - CORRECT ANSWERS-Nonprogrammed

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MGMT 311 FINAL EXAM/ NEWEST 2025 WITH
COMPLETE QUESTIONS AND CORRECT
VERIFIED ANSWERS/ WELL GRADED A+//
LATEST VERSION

Intuitive decisions require time and effort and result from careful information gathering. -
CORRECT ANSWERS-False

When uncertainty exists, the probabilities of alternative outcomes cannot be determined
and future outcomes are unknown. - CORRECT ANSWERS-True

Generating creative alternatives to solve problems may require managers to abandon
their existing mind-sets. - CORRECT ANSWERS-True

Escalating commitment is the tendency of decision makers to overestimate their ability
to control activities and events. - CORRECT ANSWERS-False

The illusion of control causes managers to overestimate the odds of a favorable
outcome and, consequently, to make inappropriate decisions. - CORRECT ANSWERS-
True

Groupthink causes the unintended effect of discouraging individuals from raising issues
that run counter to majority opinion. - CORRECT ANSWERS-True

A skunkworks is a group of intrapreneurs who are deliberately separated from the
normal operation of an organization to encourage them to devote all their attention to
developing new products. - CORRECT ANSWERS-True

The lower the level of intrapreneurship in a firm, the higher the level of learning and
innovation. - CORRECT ANSWERS-False

Decisions that are based on rules and guidelines are known as ______ decisions. -
CORRECT ANSWERS-programmed

Barbara, a school superintendent, hires an additional teacher whenever the student
enrollment in a grade goes beyond 35. This can be classified as a(n) _____ decision. -
CORRECT ANSWERS-programmed

Programmed decision making is a(n) ______ process. - CORRECT ANSWERS-routine

decisions are nonroutine decisions made in response to novel situations in business. -
CORRECT ANSWERS-Nonprogrammed

, In the classical model of decision making, the most appropriate decision possible in light
of what is believed to be the most desirable consequences for the organization is known
as the ____________ decision. - CORRECT ANSWERS-optimum

is present when managers know the possible outcomes of a particular course of action
and can assign probabilities to them. - CORRECT ANSWERS-risk

A company with a high level of efficiency and effectiveness is most likely to produce -
CORRECT ANSWERS-a product that customers want at a quality and price they can
afford.

Which of the following managerial tasks does a manager perform when he/she
articulates a clear organizational vision for the organization's members to accomplish? -
CORRECT ANSWERS-leading

Jim is frustrated with the production performance of his team, so he has decided to
increase the level of job specialization. This change will reduce efficiency, but it will lead
to better organizational performance. - CORRECT ANSWERS-False

Anna has formal authority to make many of the organization's business decisions
because her father owns the company. This is consistent with Weber's principles of
bureaucracy. - CORRECT ANSWERS-False

When managers rely too much on rules to solve problems, their behavior becomes
inflexible. - CORRECT ANSWERS-True

According to Fayol's principles of management, workers should be given more job
duties to perform but encouraged to assume less responsibility for their work outcomes.
- CORRECT ANSWERS-False

In a bureaucracy, a manager's formal authority derives from - CORRECT ANSWERS-.
the position he or she holds in the organization.

Managers who accept the assumptions of Theory Y - CORRECT ANSWERS-create a
work setting that encourages commitment.

Managers who accept the assumptions of Theory X - CORRECT ANSWERS-counteract
workers' natural tendencies to avoid work.

refers to the chain of command extending from the top to the bottom of an organization -
CORRECT ANSWERS-Line of authority

Following an oil spill in the Gulf of Mexico, the CEO of an American petroleum company
took the responsibility for correcting the environmental damages caused by his
company. According to Mintzberg's typology, in doing so, he is performing the role of a -
CORRECT ANSWERS-disturbance handler.
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