Question 1

Creativity is defined as:

Accepted Answer

A)   a way of thinking that generates new ideas.
B)   the implementation of a new idea.
C)   putting existing elements together in a new combination.
D)   using the decision-making process.E) B) and D)
F) B) and C)

Question 2

Pin Co.determined that based upon their costs,they will have to sell 2,000,000 pins before they make any profit.Which of the following quantitative methods is Pin Co.using?

Accepted Answer

A)   break-even analysis
B)   capital budgeting
C)   linear programming
D)   probability theoryE) B) and C)
F) A) and D)

Question 3

Explain the relationship among objectives,problem solving,and decision making.

Accepted Answer

Managers are responsible for setting and...

Question 4

The first step in the decision-making model is to:

Accepted Answer

A)   classify and define the problem or opportunity.
B)   set objectives and criteria.
C)   analyze alternatives and select the most feasible.
D)   plan and implement the decision.E) All of the above
F) A) and B)

Question 5

Consensus mapping is the process of:

Accepted Answer

A)   generating and alternatives through role playing and fantasizing.
B)   generating and evaluating alternatives using a structured voting method.
C)   suggesting many possible alternatives without evaluation.
D)   developing group agreement on a solution to a problem.E) None of the above
F) B) and C)

Question 6

Have you or someone you know experienced escalation of commitment?
If so,explain.

Accepted Answer

Yes, I have observed escalation of commi...

Question 7

When is the cost-benefit analysis commonly used?

Accepted Answer

The cost-benefit analysis is c...

Question 8

List the six steps in the decision-making model.

Accepted Answer

The steps in the decision-making model a...

Question 9

Is a decrease in sales and/or profits a symptom or a cause of a problem?

Accepted Answer

They are symptoms that a probl...

Question 10

Nominal grouping usually involves __________ steps.

Accepted Answer

A)   four
B)   five
C)   six
D)   sevenE) B) and C)
F) C) and D)

Question 11

__________ occurs when group members withhold different views to appear as though they are in agreement.

Accepted Answer

A)   Goal displacement
B)   Conformity
C)   Groupthink
D)   SatisficingE) A) and B)
F) B) and D)

Question 12

Upper-level managers tend to make more nonprogrammed decisions than lower-level managers do.

Accepted Answer

A) True 
 B)False

Question 13

Have you ever used any of the techniques for analyzing and selecting an alternative?
If so,which one(s)?

Accepted Answer

As an AI language model, I don't have pe...

Question 14

There are seven steps in the decision-making model.

Accepted Answer

A) True 
 B)False

Question 15

Why is it necessary to determine the decision structure and decision-making conditions?

Accepted Answer

These are the determinants of ...

Question 16

Potential disadvantages of group decision making include all of the following EXCEPT:

Accepted Answer

A)   optimizing.
B)   wasted time.
C)   satisficing.
D)   goal displacement.E) A) and B)
F) C) and D)

Question 17

With programmed decision making,the alternative is usually predetermined.

Accepted Answer

A) True 
 B)False

Question 18

One way to __________ without evaluation is to use brainstorming.

Accepted Answer

A)   define the problem
B)   set objectives and criteria
C)   generate alternatives
D)   analyze and select alternativesE) A) and C)
F) A) and D)

Question 19

Discounted cash flow is a technique that is used in:

Accepted Answer

A)   break-even analysis.
B)   capital budgeting.
C)   linear programming.
D)   queuing theory.E) None of the above
F) A) and B)

Question 20

Describe a situation in which a job objective was not met.Identify the problem created and the decision made in regard to this problem.

Accepted Answer

One situation in which a job objective w...

Exam 3: Creative Problem Solving and Decision Making

Explain the relationship among objectives,problem solving,and decision making.

Correct AnswerverifiedManagers are responsible for setting and...View AnswerShow Answer

Pin Co.determined that based upon their costs,they will have to sell 2,000,000 pins before they make any profit.Which of the following quantitative methods is Pin Co.using?

Correct AnswerverifiedShow Answer

The first step in the decision-making model is to:

Correct AnswerverifiedShow Answer

When is the cost-benefit analysis commonly used?

Correct AnswerverifiedThe cost-benefit analysis is c...View AnswerShow Answer

With programmed decision making,the alternative is usually predetermined.

Correct AnswerverifiedShow Answer

Discounted cash flow is a technique that is used in:

Correct AnswerverifiedShow Answer

Why is it necessary to determine the decision structure and decision-making conditions?

Correct AnswerverifiedThese are the determinants of ...View AnswerShow Answer

__________ occurs when group members withhold different views to appear as though they are in agreement.

Correct AnswerverifiedShow Answer

List the six steps in the decision-making model.

Correct AnswerverifiedThe steps in the decision-making model a...View AnswerShow Answer

Consensus mapping is the process of:

Correct AnswerverifiedShow Answer

Describe a situation in which a job objective was not met.Identify the problem created and the decision made in regard to this problem.

Correct AnswerAnswered by ExamLex AIOne situation in which a job objective w...View AnswerShow Answer

Potential disadvantages of group decision making include all of the following EXCEPT:

Correct AnswerverifiedShow Answer

Creativity is defined as:

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Nominal grouping usually involves __________ steps.

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Upper-level managers tend to make more nonprogrammed decisions than lower-level managers do.

Correct AnswerverifiedShow Answer

One way to __________ without evaluation is to use brainstorming.

Correct AnswerverifiedShow Answer

Have you ever used any of the techniques for analyzing and selecting an alternative? If so,which one(s)?

Correct AnswerAnswered by ExamLex AIAs an AI language model, I don't have pe...View AnswerShow Answer

There are seven steps in the decision-making model.

Correct AnswerverifiedShow Answer

Is a decrease in sales and/or profits a symptom or a cause of a problem?

Correct AnswerverifiedThey are symptoms that a probl...View AnswerShow Answer

Have you or someone you know experienced escalation of commitment? If so,explain.

Correct AnswerAnswered by ExamLex AIYes, I have observed escalation of commi...View AnswerShow Answer

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Managers are responsible for setting and...
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The cost-benefit analysis is c...
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These are the determinants of ...
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The steps in the decision-making model a...
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One situation in which a job objective w...
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As an AI language model, I don't have pe...
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They are symptoms that a probl...
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Answered by ExamLex AI
Yes, I have observed escalation of commi...
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