MGT 300 [2024 UPDATE] COMPREHENSIVE
QUESTIONS AND VERIFIED ANSWERS APPROVED
FOR SUCCESS (100% CORRECT) GRADE A+
T/F: The likelihood of a manager making an error in judgement is much greater in
programmed decision-making than in nonprogrammed decision making
False
T/F: The optimum decision is the most appropriate decision possible in light of what
managers believe to be the most desirable consequences for the organization
True
T/F: The classical decision-making model assumes that managers require very little or no
information in order to make an optimum decision
False
T/F: Team learning is less important than individual learning when increasing
organizational learning
False
T/F: Brainstorming is a group problem-solving technique in which managers meet face-to-
face to generate and debate a wide variety of alternatives from which to make a decision
True
Which is a characteristic or an entrepreneur?
Have a high need for achievement
In the classical model of decision-making, the most appropriate decision possible in light of
what is believed to be the most desirable consequences for the organization is known as the
________ decision
Optimum
Which is an advantage of group decision making?
Managers can draw on the combined skills, competencies, and accumulated knowledge of group
members
Dan, the president of Bank Missouri, is attempting to determine whether the bank has both
the capabilities and the resources to open a branch facility in a new location. Which
criterion of decision-making is Dan focusing on?
Practicality
________ is the term given to employees who engage in entrepreneurial activity and who
are an important source of organizational creativity
Intrapreneurs
What is a source of bias that can adversely affect the way managers make decisions?
Escalating commitment
T/F: To avoid production blocking that occurs during brainstorming, the nominal group
technique is often used
True
What is true of choosing among alternative solutions?
Identifying all relevant information doesn't mean that a manager has complete information
T/F: Generating creative alternatives to solve problems may require managers to abandon
their existing mind sets
, True
Steven, a marketing manager, wants to budget the advertising for a new product launch.
He is trying to determine the amount of money that the company can afford to spend on
advertising. Which criterion of decision-making is he focusing on?
Economic Feasibility
Barbara, a school superintendent, hired an additional teacher whenever the student
enrollment in a grade goes beyond 35. This can be classified as an _________ decision
Programmed
Jordan, the manager of JT's Tasty Treats, has to decide whether to introduce a new frozen
dessert that has never been sold previously. What type of decision would this represent?
Nonprogrammed
What is an accurate description of satisficing?
Searching for an choosing acceptable or satisfactory ways to respond to problems and
opportunities rather than trying to make the optimal decision
Decisions that are based on rules and guidelines are known as
Programmed Decision
What is a guideline to promoting individual creativity in an organization?
Creativity results when employees have an opportunity to experiment
Non-routine decisions made in response to novel situations in business are known as
__________
Non-programmed decisions
Corey has been looking at several alternative locations for his new facility and performs a
cost-benefit analysis in order to determine the net financial payoff of each location. Which
criterion of decision-making is Corey focusing on?
Economic Feasibility
What should managers do to avoid the negative effects of cognitive biases?
List the criteria that are being used to assess and evaluate alternatives-
According to the administrative model of decision making, why wouldn't managers be able
to arrive at the optimum decision even if they had unlimited ability to evaluate
information?
Managers would not have complete information
What would be considered a programmed decision by James Calloway, CEO of FSE, Inc.?
Hiring additional staff
T/F: Entrepreneurs have an external locus of control and believe that they are not
responsible for what happens to them
False
________ is present when managers know the possible outcomes of a particular course of
action and can assign probabilities to them
Risk
A situation in which the number of suitable alternatives are greater than what a manager
can evaluate is called ________
Bounded rationality
T/F: Entrepreneurship is the same as management
False
QUESTIONS AND VERIFIED ANSWERS APPROVED
FOR SUCCESS (100% CORRECT) GRADE A+
T/F: The likelihood of a manager making an error in judgement is much greater in
programmed decision-making than in nonprogrammed decision making
False
T/F: The optimum decision is the most appropriate decision possible in light of what
managers believe to be the most desirable consequences for the organization
True
T/F: The classical decision-making model assumes that managers require very little or no
information in order to make an optimum decision
False
T/F: Team learning is less important than individual learning when increasing
organizational learning
False
T/F: Brainstorming is a group problem-solving technique in which managers meet face-to-
face to generate and debate a wide variety of alternatives from which to make a decision
True
Which is a characteristic or an entrepreneur?
Have a high need for achievement
In the classical model of decision-making, the most appropriate decision possible in light of
what is believed to be the most desirable consequences for the organization is known as the
________ decision
Optimum
Which is an advantage of group decision making?
Managers can draw on the combined skills, competencies, and accumulated knowledge of group
members
Dan, the president of Bank Missouri, is attempting to determine whether the bank has both
the capabilities and the resources to open a branch facility in a new location. Which
criterion of decision-making is Dan focusing on?
Practicality
________ is the term given to employees who engage in entrepreneurial activity and who
are an important source of organizational creativity
Intrapreneurs
What is a source of bias that can adversely affect the way managers make decisions?
Escalating commitment
T/F: To avoid production blocking that occurs during brainstorming, the nominal group
technique is often used
True
What is true of choosing among alternative solutions?
Identifying all relevant information doesn't mean that a manager has complete information
T/F: Generating creative alternatives to solve problems may require managers to abandon
their existing mind sets
, True
Steven, a marketing manager, wants to budget the advertising for a new product launch.
He is trying to determine the amount of money that the company can afford to spend on
advertising. Which criterion of decision-making is he focusing on?
Economic Feasibility
Barbara, a school superintendent, hired an additional teacher whenever the student
enrollment in a grade goes beyond 35. This can be classified as an _________ decision
Programmed
Jordan, the manager of JT's Tasty Treats, has to decide whether to introduce a new frozen
dessert that has never been sold previously. What type of decision would this represent?
Nonprogrammed
What is an accurate description of satisficing?
Searching for an choosing acceptable or satisfactory ways to respond to problems and
opportunities rather than trying to make the optimal decision
Decisions that are based on rules and guidelines are known as
Programmed Decision
What is a guideline to promoting individual creativity in an organization?
Creativity results when employees have an opportunity to experiment
Non-routine decisions made in response to novel situations in business are known as
__________
Non-programmed decisions
Corey has been looking at several alternative locations for his new facility and performs a
cost-benefit analysis in order to determine the net financial payoff of each location. Which
criterion of decision-making is Corey focusing on?
Economic Feasibility
What should managers do to avoid the negative effects of cognitive biases?
List the criteria that are being used to assess and evaluate alternatives-
According to the administrative model of decision making, why wouldn't managers be able
to arrive at the optimum decision even if they had unlimited ability to evaluate
information?
Managers would not have complete information
What would be considered a programmed decision by James Calloway, CEO of FSE, Inc.?
Hiring additional staff
T/F: Entrepreneurs have an external locus of control and believe that they are not
responsible for what happens to them
False
________ is present when managers know the possible outcomes of a particular course of
action and can assign probabilities to them
Risk
A situation in which the number of suitable alternatives are greater than what a manager
can evaluate is called ________
Bounded rationality
T/F: Entrepreneurship is the same as management
False
