Assignment of Decision-Making Biases in Management

7256 WordsNov 9, 201230 Pages
Chapter 6 Decision Making: The Essence of the Manager’s Job True/False Questions THE DECISION-MAKING PROCESS 1. Problem identification is purely objective. (False; moderate; p. 157) 2. The second step in the decision-making process is identifying a problem. (False; easy; p. 158) 3. A decision criterion defines what is relevant in a decision. (True; moderate; p. 158) 4. The fourth step of the decision-making process requires the decision maker to list viable alternatives that could resolve the problem. (True; easy; p. 159) 5. Once the alternatives have been identified, a decision maker must analyze each one. (True; moderate; p. 159) 6. The step in the decision-making process that involves choosing a best alternative is termed…show more content…
(True; easy; p. 175; AACSB: Diversity) 32. According to the boxed feature, “Focus on Leadership,” findings from studies by Geert Hofstede and from GLOBE researchers show that in high uncertainty avoidance countries, decision making tends to be based more on intuition than on formal analysis. (False; moderate; p. 175) 33. Highly reliable organizations (HROs) are easily tricked by their success. (False; easy; p. 176) Multiple-Choice Questions For each of the following choose the answer that most completely answers the question. THE DECISION-MAKING PROCESS 34. Decision making is typically described as ________________, which is a view that is too simplistic. a. deciding what is correct b. putting preferences on paper c. choosing among alternatives d. processing information to completion (c; moderate; p. 156) 35. A series of eight steps that begins with identifying a problem and concludes with evaluating the decision’s effectiveness is the ________________. a. decision-making process b. managerial process c. maximin style d. bounded rationality approach (a; easy; p. 156) 36. ________________ is the existence of a discrepancy between an existing and a desired state of affairs. a. An opportunity b. A solution c. A weakness d. A problem (d; easy; p. 156) 37. In identifying the
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