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Exam 7: Decision Making,learning,creativity,and Entrepreneurship

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Question 51

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A group of managers meets face-to-face and generates and debates a wide variety of Alternatives from which to make a decision.This is called:

A) Delphi technique
B) Dialectical inquiry
C) Brainstorming
D) Nominal group technique
E) Programmed decision making

F) All of the above
G) A) and D)

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Question 52

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Define a learning organization and discuss the relationship with creativity.

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A learning organization is one in which ...

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Question 53

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Entrepreneurship is noticing an opportunity to satisfy a customer need and then deciding how to find and use resources to make a product that satisfies that need.

Generating creative alternatives to solve problems and take advantage of opportunities requires that managers explore their existing mind-sets.

Decision making in response to opportunities occurs when events inside or outside the organization adversely affect organizational performance and managers search for ways to increase performance.

Based on guidelines established by the accounting manager,Jaime,the accounts payable clerk,makes payments to vendors in order to maximize discounts.What type of decision does this represent?

When managers cannot assign probabilities of future occurrence to possible alternatives to a decision,this is known as:

Define entrepreneurship and explain three ways that organizations can promote organizational entrepreneurship.

A member of a group challenges the decision toward which the group is leaning so that the group considers carefully all of the unacceptable possible outcomes of the alternative that the group is considering.This is known as:

The ability of a decision maker to discover novel ideas that lead to feasible alternatives in decision-making is known as creativity.

Dan,president of Bank Missouri,is attempting to determine whether the bank has both the capability and the resources to develop a branch facility in a new location.Dan is focusing on which criterion for decision-making?

Discuss March and Simon's administrative model of decision making and thoroughly explain the three concepts on which the model is based.

According to the administrative model,in the real world,managers must rely on their ______ to make what seems to them to be the best decision in the face of uncertainty and ambiguity.

Which of the following would NOT be used to describe a nonprogammed decision?

Discuss the perils of groupthink.

The explosion of the space shuttle Challenger is an example of poor managerial decision-making where managers neglected the criterion of:

The administrative model suggests that human decision-making capabilities are limited in their ability to interpret,process,and act on information.

Based on the work of March & Simon's Administrative Model,the first step in the managerial decision-making process is to:

Managers make decisions when they are involved in which managerial function?

Managers make decisions whenever they are engaged in planning,organizing,leading,or controlling.