MGMT 2500: Exam 3 Questions And Answers Practice Questions with Solutions Newest | Already Graded A+

MGMT 2500: Exam 3 Questions And Answers Practice Questions with Solutions Newest | Already Graded A+ In evaluating alternatives, managers should consider all but one of the following. Which one? -Quality -Cost -Ethical considerations -Personal preferences -Resources - Answer- -Personal preferences In a dynamic/chaotic decision environment, a manager should use the _______ method of decision making. -heuristic -rational -satisficing -optimizing -intuition or evidence-based - Answer- -intuition or evidence-based The _______ model of decision making explains how managers should make decisions. -intuition -satisficing -holistic -evidence-based -rational - Answer- -rational Which of the following statements about tendencies in managerial decision making is false? -Managers make decisions too quickly. -Managers don't invest resources to properly study the problem and alternative courses of action. -Managers study the problem too extensively and collect too much data. -Managers take the easy solution without rigorously considering alternatives. -Managers don't consider all the relevant data. - Answer- -Managers study the problem too extensively and collect too much data. Josephine is about to graduate from college and is excited about joining her two roommates to start a small coffee shop near campus. She has never started a business before, but she is sure that her business degree has taught her everything she needs to know. The three of them have enough money for their initial costs and figure that they can cover their expenses with the cash flow from the business. Which heuristic is probably involved? -Representativeness -Anchoring -Availability -Fundamental attribution error -Overconfidence - Answer- -Overconfidence Which of the following statements is true? -Evidence-based decision making should never be used in making decisions. -Evidence-based decision making should never be used in informing decisions. -Evidence-based decision making should never be used in supporting decisions. -Evidence-based decision making should always be used in supporting decisions. -Evidence-based decision making should sometimes be used in supporting decisions. - Answer- -Evidence-based decision making should sometimes be used in supporting decisions. Lily had graduated from high school and was ready to go to university. However, she also loved sports. She wanted to join a basketball academy and become a professional basketball player. She found her uncertainty about her future very stressful and was psychologically uncomfortable about it. This implies that Lily had a(n) ___________. -low tolerance for ambiguity -conceptual decision-making style -low need for structure -analytical style of decision making -high social concern - Answer- -low tolerance for ambiguity A person with a low tolerance for ambiguity who is oriented toward people and social concerns when making a decision has which style? -Analytical -Conceptual -Directive -Behavioral -Consultative - Answer- -Behavioral In the _________ stage of the creative performance process, participants may brainstorm. -problem formulation/definition -preparation/information gathering -idea generation -idea evaluation -idea validation - Answer- -idea generation The idea that creativity starts from a base of knowledge is represented in the _______ stage of the creative performance process. -problem formulation/definition -preparation/information gathering -idea generation -idea evaluation -idea validation - Answer- -preparation/information gathering Transactional leadership encompasses all but one of the following. Which one? -Goal setting -Social interaction -Monitoring progress toward goal achievement -Giving feedback -Administering discipline - Answer- -Social interaction In empowering employees, to lead for meaningfulness, managers need to: -inspire subordinates. -delegate important tasks. -support and coach employees. -monitor and reward employees. -provide training and mentoring. - Answer- -inspire subordinates. In empowering employees, to lead for competence, managers should: -inspire subordinates. -delegate important tasks. -support and coach employees. -monitor and reward employees. -help employees identify their passions at work. - Answer- -support and coach employees. Jim is the daytime supervisor for an automobile assembly line. He supervises 45 workers who perform routine jobs that require minimal training. Which of the following statements would indicate that Jim is following the servant-leadership model of leadership? -Jim seeks to develop leadership in others and focuses on objectives that surpass the immediate needs of the group. -Jim sets goals, monitors progress toward goal achievement, and rewards and punishes people for their level of goal accomplishment. -Jim refrains from engaging in self-serving behaviors that hurt others and focuses on increased service to others rather than to himself. -Jim wants to develop a partnership with his team illustrated by reciprocal influence, mutual trust, respect and liking, and a sense of common fates. -Jim likes to provide the guidance and support needed by employees and ties meaningful rewards to completion of objectives. - Answer- -Jim refrains from engaging in self-serving behaviors that hurt others and focuses on increased service to others rather than to himself. Passive leadership is also known as: -defensive leadership. -transactional leadership. -laissez-faire leadership. -neutral leadership. -non-leadership. - Answer- -laissez-faire leadership.