MGMT Chapter 7 Test Questions

The tendency of people to view events as being more predictable than they really are known as _____.

With defensive avoidance, a manager can't find a good solution and follows by ____.

When people seek information to support their point of view and discount data that do not, this is ______ bias.

The predisposition in which people's subjective confidence in their decision making is greater than their objective accuracy is ____.

The idea that proposes that the ability of decision makers to be rational is limited by numerous constraints, such as complexity, time, cognitive capacity, values, skills, habits, and unconscious reflexes, is known as _____.

Satisficing is the tendency of ____.

The Delphi technique is a group process that uses physically dispersed experts who fill out questionnaires to ____.

The combination of how an individual perceives and responds to information reflects his or her ____.

Difficulties that inhibit the achievement of goals are known as _____.

The process of studying large amounts of data of a variety of types to uncover hidden patterns, unknown correlations, and other useful information is known as ____.

A data-mining technique used to predict future behavior and anticipate the consequences of change is known as ___.

The prospect theory suggests that ____.

A decision tree is ____.

A computer-based information system that provides a flexible tool for analysis and helps managers focus on the future is known as a(n) _____.

The rational model of decision making is also called the ____ model.

A choice made from among available alternatives is a ____.

The model of decision making that explains how managers should make decisions, assuming managers will make logical decisions that will be the optimum in furthering the organization's best interests, is known as the ____.

Which of the following is a step in the rational decision-making model?

The rational model of decision making is also called the ______ model.

Diagnosis is used in which stage of the rational decision-making model?

Which of the following is one of the nonrational models of decision making?

The incremental model of decision making suggests that managers make decisions by

Making a choice without the use of conscious thought or logical interference is called

Which of the following is a decision-making style based on the dimensions of value orientation and tolerance for ambiguity?

A graph of decisions and their possible consequences is known as a(n)

According to Harvard professor Constance Bagley, ethical decisions can be facilitated with a(n)

When a manager decides to take no action in the belief that there will be no great negative consequences, she is engaged in

When a manager realizes that complete inaction will have negative consequences but opts for the first available alternative that involves low risk, it is called

Passing the buck or procrastinating about a decision are examples of which type of reaction to a challenge?

When managers add up all the money already spent on a project and conclude it is too costly to simply abandon it, it is known as a(n) ________ bias.

The idea that decision makers find the notion of an actual loss more painful than giving up the possibility of a gain is called

The tendency of a group to settle on a decision that is "good enough" is called

The process of involving employees in setting goals, making decisions, solving problems, and making changes is called

_________ uses physically dispersed experts who fill out questionnaires to generate ideas and the judgments are combined into an expert consensus.

The rational model of decision making explains

______ is the willingness to gamble for the possibility of gaining an increased payoff.

Which of the following statements about decision-making styles is true?

A graph of decisions and their possible consequences that is used to create a plan to reach a goal is called a(n)