chapter 9 quiz.docx - 1 QUESTION 1 Which of the following refers to the willingness to undertake risk with the opportunity to increase one's return c

chapter 9 quiz.docx - 1 QUESTION 1 Which of the following...

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QUESTION 1 1. Which of the following refers to the willingness to undertake risk with the opportunity to increase one's return? c . Risk propensity QUESTION 2 1. The essence of _____ is to choose the first solution available. e . satisficing QUESTION 3 1. _____ decisions are associated with decision rules. a . Programmed QUESTION 4 1. _____ means that managers know which goals they wish to achieve, but information about alternatives and future events is incomplete. e . Uncertainty QUESTION 5 1. Programmed decisions are made in response to _____ organizational problems. b . recurring QUESTION 6 1. Associated with the condition of _____ is the lowest possibility of failure. c . certainty QUESTION 7 1. Under conditions of _____, statistical analyses are useful. d . ris k QUESTION 8 1. All of the following are characteristics of the administrative decision making model except: b . conditions of certainty. QUESTION 9 1. The four positions on the possibility of failure scale include certainty, risk, ambiguity, and _____. c . uncertainty
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