Answer: D
Diff: 2 Page Ref: 122
Topic: The Decision-Making Process
35) What is the second step in the decision-making process? A) identifying decision criteria B) allocating weights to the criteria C) analyzing alternatives D) identifying a problem Answer: A
Diff: 2 Page Ref: 122
Topic: The Decision-Making Process
36) To determine the ________, a manager must determine what is relevant or important to resolving the problem. A) geocentric behavior needed
B) number of allowable alternatives C) weighting of decision criteria D) decision criteria Answer: D
Diff: 2 Page Ref: 122
Topic: The Decision-Making Process
37) What is the third step in the decision-making process? A) allocating weights to the criteria B) analyzing the alternatives C) selecting the best alternative D) implementing the alternative Answer: A
Diff: 2 Page Ref: 122
Topic: The Decision-Making Process
38) If all criteria in the decision making are equal, weighting the criteria ________. A) improves decision making when large numbers of criteria are involved B) is not needed
C) produces excellent decisions D) improves the criteria Answer: B
Diff: 3 Page Ref: 122
Topic: The Decision-Making Process
39) In allocating weights to the decision criteria, which of the following is helpful
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to remember?
A) All weights must be the same.
B) The total of the weights should sum to 1.0.
C) Every factor criterion considered, regardless of its importance, must receive some weighting.
D) Assign the most important criterion a score, and then assign weights against that standard. Answer: D
Diff: 3 Page Ref: 122
Topic: The Decision-Making Process
40) What is the step where a decision maker wants to be creative in coming up with possible alternative?
A) allocating weights to the criteria B) analyzing alternatives C) developing alternatives D) identifying decision criteria Answer: C
Diff: 1 Page Ref: 123
Topic: The Decision-Making Process
41) When analyzing alternatives, what becomes evident? A) the strengths and weaknesses of each alternative B) the weighting of alternatives C) the list of alternatives D) the problem Answer: A
Diff: 1 Page Ref: 123
Topic: The Decision-Making Process
42) When developing alternatives in the decision-making process, what must a manager do?
A) list alternatives
B) evaluate alternatives C) weight alternatives D) implement alternatives Answer: A
Diff: 2 Page Ref: 123
Topic: The Decision-Making Process
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43) Selecting an alternative in the decision-making process is accomplished by ________.
A) choosing the alternative with the highest score B) choosing the one you like best
C) selecting the alternative that has the lowest price D) selecting the alternative that is the most reliable Answer: A
Diff: 1 Page Ref: 123
Topic: The Decision-Making Process
44) In Step 6 of the decision-making process, each alternative is evaluated by appraising it against the ________.
A) subjective goals of the decision maker B) criteria
C) assessed values
D) implementation strategy Answer: B
Diff: 2 Page Ref: 123
Topic: The Decision-Making Process
45) ________ includes conveying a decision to those affected and getting their commitment to it.
A) Selecting an alternative
B) Evaluating the decision effectiveness C) Implementing the alternatives D) Analyzing alternatives Answer: C
Diff: 2 Page Ref: 123
Topic: The Decision-Making Process
46) Which of the following is important in effectively implementing the chosen alternative in the decision-making process? A) getting upper-management support
B) double-checking your analysis for potential errors
C) allowing those impacted by the outcome to participate in the process D) ignoring criticism concerning your chosen alternative Answer: C
Diff: 2 Page Ref: 123-124
Topic: The Decision-Making Process
47) The final step in the decision-making process is to ________. A) pick the criteria for the next decision
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B) reevaluate the weightings of the criteria until they indicate the correct outcome C) evaluate the outcome of the decision
D) reassign the ratings on the criteria to find different outcomes Answer: C
Diff: 2 Page Ref: 124
Topic: The Decision-Making Process
48) Which of the following is important to remember in evaluating the effectiveness of the decision-making process?
A) You should ignore criticism concerning the decision-making process. B) You may have to start the whole decision process over.
C) You will have to restart the decision-making process if the decision is less than 50 percent effective.
D) Ninety percent of problems with decision making occur in the implementation step.
Answer: B
Diff: 3 Page Ref: 124
Topic: The Decision-Making Process
49) Managers are assumed to be ________; they make consistent, value-maximizing choices within specified constraints. A) rational B) leaders C) organized D) satisficers Answer: A
Diff: 1 Page Ref: 124 Topic: Decision-Making Styles
50) It is assumed that a perfectly rational decision maker ________. A) does not follow rational assumptions
B) does not consider value maximizing as an objective C) offers inconsistent decisions D) would be objective and logical Answer: D
Diff: 2 Page Ref: 124 Topic: Decision-Making Styles
51) Managers can make rational decisions if ________. A) the problem is ambiguous B) the goals are unclear
C) the alternatives are limited
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D) time constraints exist Answer: C
Diff: 3 Page Ref: 124 Topic: Decision-Making Styles
52) Which of the following is not a valid assumption about rationality? A) The problem is clear and unambiguous.
B) A single, well-defined goal is to be achieved. C) Preferences are clear.
D) Preferences are constantly changing. Answer: D
Diff: 3 Page Ref: 124 Topic: Decision-Making Styles
53) When managers circumvent the rational decision-making model and find ways to satisfice, they are following the concept of ________. A) jurisprudence
B) bounded rationality
C) least-squared exemptions D) self-motivated decisions Answer: B
Diff: 2 Page Ref: 125 Topic: Decision-Making Styles
54) Because managers can't possibly analyze all information on all alternatives, managers ________, rather than ________. A) maximize; satisfice B) maximize; minimize C) satisfice; minimize D) satisfice; maximize Answer: D
Diff: 2 Page Ref: 125 Topic: Decision-Making Styles
55) The type of decision making in which the solution is considered \enough\A) intuition B) satisfying C) maximizing D) satisficing Answer: D
Diff: 2 Page Ref: 125
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