Which of the following refers to the pattern of faulty and biased decision making in which team members strive for agreement among themselves at the expense of accurately assessing information relevant to a decision?
skunkworks
satisficing
brainstorming
groupthink correct answers groupthink
...
MGT 3301 midterm || with 100% Accurate Solutions.
Which of the following refers to the pattern of faulty and biased decision making in which team
members strive for agreement among themselves at the expense of accurately assessing
information relevant to a decision?
Which of the following statements is true for a manager intending to create a learning
organization?
Only the top managers are allowed to develop a sense of personal mastery.
Employees are discouraged from experimenting and risk taking.
Individual learning is more important than team learning.
Managers must emphasize the importance of building a shared vision. correct answers Managers
must emphasize the importance of building a shared vision.
The administrative model was developed to explain
how managers can obtain information about all the consequences of a decision.
why decision making is always an inherently uncertain and risky process.
how decision makers should make decisions rather than how they actually make them.
why the concept of bounded rationality does not apply to managerial decision making. correct
answers why decision making is always an inherently uncertain and risky process.
_______ are groups of intrapreneurs who are deliberately separated from the normal operation of
an organization to encourage them to devote all their attention to developing new products.
Product champions
Social intrapreneurs
Skunkworks
Nominal intrapreneurs correct answers Skunkworks
Which of the following is most likely to be a programmed decision for an organization?
hiring a new employee when one leaves
investing in new technology
developing a new product to reach a different market
launching a new promotional campaign correct answers hiring a new employee when one leaves
Managers should consciously follow six steps to make a good decision. The first step is to
learn from feedback.
choose among alternatives.
, recognize the need for a decision.
decide the economic feasibility. correct answers recognize the need for a decision
The process of searching for and choosing an acceptable response to problems and opportunities,
rather than trying to make the best decision, is known as
Which of the following steps of the decision-making process requires the managers to specify the
opportunity or threat properly and then define the criteria influencing the selection of alternatives
to respond to the problem or threat?
assess alternatives
implement the alternatives
recognize the need for a decision
learn from feedback correct answers assess alternatives
Which of the following statements is true of the classical model of decision making?
It accepts that decision makers cannot see all alternatives and consequences when making a
decision.
It is descriptive rather than prescriptive.
It explains how decisions are made rather than how they should be made.
It assumes that decision makers have access to all the information they need to make the
optimum decision. correct answers It assumes that decision makers have access to all the
information they need to make the optimum decision.
Which of the following people would be considered a social entrepreneur?
Valentina leaves her job to begin a specialty knitting business from her home.
Hugo, an engineer at technology firm GreenTech, is working on improving wind-power devices.
Mark sets up an organization that provides laptops free of cost to economically disadvantaged
students.
Diya sells her artwork and paintings through her blog rather than through traditional avenues.
correct answers Mark sets up an organization that provides laptops free of cost to economically
disadvantaged students.
Selling to a foreign organization the rights to use a brand name and operating know-how in
return for a lump-sum payment and a share of the profits is called
exporting.
importing.
licensing.
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