PRM TEST REVIEW
(PRINCIPLES OF
MANAGEMENT PENSACOLA
STATE COLLEGE) QUESTIONS
& ANSWERS RATED 100%
CORRECT!!
PRM
Evatee 8/3/24 PRM
,PRM TEST REVIEW (PRINCIPLES OF
MANAGEMENT PENSACOLA STATE COLLEGE)
QUESTIONS & ANSWERS RATED 100%
CORRECT!!
What is a potential disadvantage of group decision making? Answer -
individual dominance
what is the organizational decision process model in which major solutions
arise through a series of smaller decisions? Answer - incremental mode
Robinson Products. incorporated is faced with unprecedented uncertainty in its
marketplace, due to changing consumer tastes. Kaitlyn Sims' sales team is
struggling to decide on needed changes in the firm's long-term marketing
strategy. To spark constructive conflict and develop new ideas among her team
members, Kaitlyn Answer - appoints a team member to take a devil's advocate
position in evaluating ideas
How do managers under time pressure best make decisions that are both
timely and high-quality? Answer - They focus on real-time information and
monitor daily operating measures on work in process.
___________ should be the second phase in an ideal six phase decision-making
process Answer - generating alternative solutions
,which phase comes immediately before making a choice in the decision-making
process? Answer - evaluate alternatives
hesitation to invest in promising research and development that will not pay off
until far into the future is an example of Answer - discounting the future
a potential negative outcome of group decision making is when members
choose not to disagree or raise objections because they do not want to break
up a positive team spirit. This is referred to as Answer - groupthink
____________ refers to a less-than perfect form of rationality in which decision
makers cannot be perfectly rational because decisions are complex and
complete information is unavailable or cannot be fully processed Answer -
Bounded rationality
_________ is seen when a manager weighs short-term costs and benefits more
heavily than longer-term costs and benefits Answer - discounting the future
which of the following terms refers to the condition that causes new goals to
replace the original ones? Answer - goal displacement
_____________ refers to how the phrasing of a problem or decision
alternatives can be more influential than objective facts Answer - framing
effect
a structured debate comparing two conflicting courses of action is referred to
as Answer - dialectic
_________ refers to people's belief that they can influence events even when
they have no power to determine what will happen Answer - illusion of control
, Mclaughlin and Ferris is an accounting firm that has a stiff, bureaucratic
structure. The company has a promotion scheme where people who have
finished a certain number of years in service get a pay hike and a promotion.
For the human resource manager at Mclaughlin and Ferris, this decision
highlights which of the following types of decisions? Answer - programmed
_______ conflict ocurrs when a manager must decide between several
attractive options or when there are no attractive options Answer -
psychological
Rafael is the art director of bliss sleepwear, a company that designs and
manufactures high fashion pajamas, loungewear, and lingerie. He meets with
his creative team to brainstorm ideas for their fall - winter catalogue. How
could Rafael best encourage the most creative and exciting ideas from his
team? Answer - by establishing an open atmosphere in which team members
feel free to express their craziest ideas because they know they will not be
judged
what is the role of a devil's advocate in constructive conflict? Answer - to
criticize ideas and point out problems
In the decision-making process, ___________ refers to choosing the first option
that is minimally acceptable or adequate Answer - satisficing
________________ are developed as alternative course of action that can be
implemented based on how the futue unfolds Answer - contingency plans
Giselle wants to apply the differentiation strategy to build competitive
advantage in her the plumbing company. Of the following strategies, which one
best exemplifies the differentiation strategy? Answer - offering a free hour of
service to first-time customers
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller EvaTee. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $25.99. You're not tied to anything after your purchase.
