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21. The last step in the rational decision-making process is A. create a contingency plan.B. determine the type of decision.C. evaluate alternatives.D. control: measure and adjust.E. implement the plan.22. The behavioral approach to decision-making is characterized by all of the following EXCEPT: 23. _____ refers to the inability of decision makers to process all aspects of information sothat the decision is made with a limited subset of information. 24. In _____ the decision maker knowingly accepts less than the best possible outcome.
25. The sales department at a local company determines that product A will moderately boost sales and have a shorter production schedule, so it is decided that this product willbe manufactured and sold without considering other options. In choosing this product, the sales department is A. controlling.B. engaged in bounded rationality.C. suboptimizing.D. satisficing.E. using procedures and rules of thumb.26. An innate belief about something without conscious consideration is called 27. Roger purchases stock in a public company and he refuses to sell it even after repeated drops in the original price he paid for the stock. Jim has decided to purchase more of the stock in anticipation of making a profit, and has decided to keep the stock in the face of increasing losses. Roger is suffering from 28. Managers who are cautious and try to adhere to the rational decision-making model 29. _____ is the extent to which a decision maker is willing to gamble when making a decision. A. Individual ethicsB. Risk propensityC. Individual stressorsD. Organizational cultureE. Leadership style