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MGT103 Exam Practice Questions and Answers (100% Pass)
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MGT103 Exam Practice Questions and Answers (100% Pass)
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©PREP4EXAMS@2024 [REAL EXAM DUMPS] Thursday, July 25, 2024 12:43 PMMGT103 Exam Practice Questions and Answers (100% Pass)
In the BCG matrix, are businesses that have a very small share of a market that is not expected to
grow.
A. dogs
B. stars
C. cash cows
D. questions marks - ✔️✔️A
___________________is the determination of alternative courses of action to be taken if an
intended plan of action is unexpectedly disrupted or rendered inappropriate.
A. Contingency planning
B. Crisis management
C. Goal setting
D. Forecast - ✔️✔️A
________________are developed for activities that recur regularly over a period of time.
A. Standing plans
B. ontingency plans
C. Single-use plans
D. Multiple-use plans - ✔️✔️A
When the decision maker knows with reasonable certainty what the alternatives are and what
conditions are associated with each alternative, a________________exists.
A. state of certainty
B. state of risk
C. state of uncertainty
D. state of being risk-free - ✔️✔️A
According to the classical decision model, which one of the following is NOT one of the
assumptions regarding the decision-making process?
1
, ©PREP4EXAMS@2024 [REAL EXAM DUMPS] Thursday, July 25, 2024 12:43 PM
A. Decision makers have complete information about the decision situation and possible
alternatives
B. Decision makers can effectively eliminate uncertainty to achieve a decision condition of
certainty.
C. Decision makers evaluate all aspects of the decision situation logically and rationally.
D. Decision makers can always forecast the risks involved in making the decision. - ✔️✔️D
Which one is NOT one of the steps in the rational decision-making process?
A. Recognizing and defining the decision situation
B. Selecting the best alternative
C. Evaluating options in case of making a bad decision
D. Following up and evaluating the results - ✔️✔️C
For years, executives at GM, Ford, and Chrysler compared their companies' performance only to
one another's and essentially ignored foreign imports. The foreign "threat" was not
acknowledged until the domestic auto market had been changed forever. In this case, these
executives were affected by:
A. bounded rationality
B. ignorance
C. arrogance
D. cultural limitations - ✔️✔️A
Which one of the following is NOT one of the disadvantages of group and team decision
making?
A. Groupthink may occur
B. One person may dominate the group
C. The process takes longer than individual decision-making, so it is costlier.
D. Members are more likely to accept the final decision - ✔️✔️D
_____________is when a decision maker stays with a decision even when it appears to be
wrong.
A. Irrational belief
B. Deliberate reasoning
C. Irrational commitment
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