BUS 300: MANAGING ORGS FINAL
WITH VERIFIED ANSWERS RATED A+
PASSED
programmed decision making - ANS ✔✔routine, automatic decision making that follows
established rules
non-programmed decision making - ANS ✔✔non-routine decision making that occurs in
response to unusual, unpredictable opportunities and threats
classical model of decision making - ANS ✔✔prescriptive approach to decision making based on
the assumption that the decision maker can identify and evaluate all possible alternatives and
their consequences and rationally choose the most appropriate course of action
administrative model - ANS ✔✔bounded rationality, incomplete information, satisficing
administrative model of decision making - ANS ✔✔approach to decision making that explains
why decision making is inherently uncertain and risky and why managers usually make
satisfactory rather than optimum decisions
bounded rationality - ANS ✔✔cognitive limitations that constrain one's ability to interpret,
process and act on information
incomplete information - ANS ✔✔uncertainty and risk, ambiguous information, time constraints
and information costs
risk - ANS ✔✔degree of probability that the possible outcomes of a particular course of action
will occur
, ambiguous information - ANS ✔✔information that can be interpreted in multiple and often
conflicting ways
satisficing - ANS ✔✔searching for an choosing an acceptable response to problems and
opportunities rather than trying to make the best decision
advocacy - ANS ✔✔individual, quick, winners and losers, leaders, contest
inquiry - ANS ✔✔collaborative team, collective ownership, group loss/win
narrowing framing - ANS ✔✔defining options too narrowly - to do this or not to do that versus
to do A, to do B, or to do C
availability bias - ANS ✔✔tendency for people to judge probabilities on the basis of how easily
examples come to mind
confirmation bias - ANS ✔✔seek out only confirming evidence for our hypothesis
anchoring bias - ANS ✔✔tendency to rely too heavily on one piece of info when making
decisions
sound decision - ANS ✔✔think alternatives, ask questions, inquiry vs. advocacy
expectancy theory - ANS ✔✔theory that motivation will be high when workers believe that high
levels of effort lead to high performance and high performance lead to the attainment of
desired outcome
WITH VERIFIED ANSWERS RATED A+
PASSED
programmed decision making - ANS ✔✔routine, automatic decision making that follows
established rules
non-programmed decision making - ANS ✔✔non-routine decision making that occurs in
response to unusual, unpredictable opportunities and threats
classical model of decision making - ANS ✔✔prescriptive approach to decision making based on
the assumption that the decision maker can identify and evaluate all possible alternatives and
their consequences and rationally choose the most appropriate course of action
administrative model - ANS ✔✔bounded rationality, incomplete information, satisficing
administrative model of decision making - ANS ✔✔approach to decision making that explains
why decision making is inherently uncertain and risky and why managers usually make
satisfactory rather than optimum decisions
bounded rationality - ANS ✔✔cognitive limitations that constrain one's ability to interpret,
process and act on information
incomplete information - ANS ✔✔uncertainty and risk, ambiguous information, time constraints
and information costs
risk - ANS ✔✔degree of probability that the possible outcomes of a particular course of action
will occur
, ambiguous information - ANS ✔✔information that can be interpreted in multiple and often
conflicting ways
satisficing - ANS ✔✔searching for an choosing an acceptable response to problems and
opportunities rather than trying to make the best decision
advocacy - ANS ✔✔individual, quick, winners and losers, leaders, contest
inquiry - ANS ✔✔collaborative team, collective ownership, group loss/win
narrowing framing - ANS ✔✔defining options too narrowly - to do this or not to do that versus
to do A, to do B, or to do C
availability bias - ANS ✔✔tendency for people to judge probabilities on the basis of how easily
examples come to mind
confirmation bias - ANS ✔✔seek out only confirming evidence for our hypothesis
anchoring bias - ANS ✔✔tendency to rely too heavily on one piece of info when making
decisions
sound decision - ANS ✔✔think alternatives, ask questions, inquiry vs. advocacy
expectancy theory - ANS ✔✔theory that motivation will be high when workers believe that high
levels of effort lead to high performance and high performance lead to the attainment of
desired outcome
