ANSWERS ALL CORRECT
When the prices of oil came down, the demand for sport utility vehicles (SUVs)
increased. Automakers chose to increase production of full-size SUVs as the profit from
large vehicles is greater than that from small vehicles. Which step in the rational
decision-making model is illustrated in the scenario?
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Developing a set of rational alternatives
Evaluating the possible alternatives
Selecting the best alternative and implementing it
Recognizing and defining the decision situation
Evaluating decision effectiveness - Answer- Selecting the best alternative and
implementing it
_____ is power that has been legitimized by the organization.
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Entropy
Process gain
Synergy
Authority - Answer- Authority
Venus Electronics has been negotiating with the owner of a new piece of property to
move some of its operations. When the property owner submitted his most recent
counter offer, he said that it was a final offer. The negotiator from Venus needs to
decide whether to accept or reject this offer. If it is a bluff, Venus may get the property at
a better price. If it is not a bluff, Venus will need to resume its search for a new site. The
negotiator is making this decision in a condition of
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risk.
certainty.
ambiguity.
pressure.
uncertainty. - Answer- risk.
The term span of management refers to the
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extent to which authority is delegated at the individual level.
extent to which authority is systematically delegated to middle and lower levels of
management.
, number of people reporting to a particular manager.
process of grouping jobs according to some logical pattern.
number of managers assigned to a department. - Answer- number of people reporting
to a particular manager.
_____ is the process by which a manager assigns a portion of his or her total workload
to others.
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Micromanagement
Delegation
Synergy
Centralization - Answer- Delegation
_____ encompasses the conversion processes used to transform inputs (such as
materials or information) into outputs (such as products or services).
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Entropy
Technology
Synergy
Divestiture - Answer- Technology
In general, while identifying alternatives, the more important the decision,
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the more alternatives should be generated.
the less the chances of managers making the right decision.
the less the time needed to make the decision.
the more the tendency of managers to ignore intuitions. - Answer- the more alternatives
should be generated.
Which of the following statements is true about the decision-making process?
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It exclusively applies to problem situations.
It requires that the nature of a particular situation be defined.
It seldom applies to situations that are positive.
It typically involves only one individual and seldom applies to groups.
It results in the generation of only one alternative. - Answer- It requires that the nature of
a particular situation be defined.
Pete, a manager, embraces the job characteristics approach. Pete thinks that when his
employees have more control over how their work is performed, they do better. Which
characteristic is Pete emphasizing?
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Feedback
task identity
task significance
Autonomy