2-18-09 CHAPTER 6 - managers rather than Selected Answer...

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Question 1 10 out of 10 points What is the step where a decision maker wants to be creative in coming up with possible alternative? Selected Answer: developing alternatives Question 2 10 out of 10 points Which of the following statements is true concerning problem identification? Selected Answer: The problem must be such that it exerts some type of pressure on the manager to act. Question 3 10 out of 10 points When analyzing alternatives, what becomes evident? Selected Answer: the strengths and weaknesses of each alternative Question 4 10 out of 10 points
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Intuitive decision making is ________. Selected Answer: making decisions based on experience, feelings, and accumulated judgment Question 5 10 out of 10 points Because managers can't possibly analyze all information on all alternatives,
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Unformatted text preview: managers ________, rather than ________. Selected Answer: satisfice; maximize Question 6 10 out of 10 points When problems are ________, managers must rely on ________ in order to develop unique solutions. Selected Answer: unstructured; nonprogrammed decision making Question 7 10 out of 10 points A decision criterion defines what is relevant in a decision. Selected Answer: True Question 8 10 out of 10 points Which of the following best describes "maximizing the minimum possible payoff"? Selected Answer: maximin Question 9 10 out of 10 points Rules and policies are basically the same. Selected Answer: False Question 10 10 out of 10 points The step in the decision-making process that involves choosing a best alternative is termed implementation. Selected Answer: False...
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2-18-09 CHAPTER 6 - managers rather than Selected Answer...

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