Ch10 - Ch.10 Multiple Choice Identify the choice that best...

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Ch.10 Multiple Choice Identify the choice that best completes the statement or answers the question. 1. Intuition would be a major part of the input for a manager making what kind of decision? a. programmed b. rational c. breakeven point d. nonprogrammed 2. An effective decision is timely, acceptable to the individuals affected by it, and: a. efficient b. achievable c. specific d. meets the desired objective 3. The rational model of decision making assumes: a. preferences of the decision maker are inconsistent b. that all possible alternatives can't be known to decision makers c. that outcomes can't be optimized d. that the decision maker can calculate the probability of success for alternatives 4. Under the bounded rationality model of problem solving and decision making: a. managers follow statistical rules for decision making b. managers critically view the world as complex and multivariate c. managers generate a wide array of decision options and select the one that meets all de- cision criteria d. managers are comfortable making decisions without identifying all options 5. An important element of the bounded rationality model is: a. certainty b. satisficing c. unlimited information search d. optimizing 6. Which decision-making model is the most realistic in portraying the managerial decision process? a. rational b. garbage can c. bounded rationality d. incremental 7. Continuing to support a failing course of action is known as: a. the theory of sunk costs b. stubbornness c. conflicted reason theory d. escalation of commitment 8. Research indicates that women are: a. less averse to risk than men b. more averse to risk than men c. the same as men with respect to risk aversion
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d. less inclined to commit resources to a losing course of action than men
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This note was uploaded on 03/14/2011 for the course MGMT 302 taught by Professor Greene during the Fall '09 term at CSU San Bernardino.

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Ch10 - Ch.10 Multiple Choice Identify the choice that best...

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