In The Rational Decision Making Process Optimization Means
Question: 1. The process of choosing one alternative from among a set of alternatives is called _____
A) rational ignorance
B) altruism
C) bounded rationality
D) decision making
E) groupthink
Answer: D
Question:
Answer: B
Question: 3. Ryan, the production manager at the Tan Shoes Company, chose the cheapest leather-cutting machine from a set of five machines from different manufacturers. Ryan was engaged in _____.
A) decision making
B) optimizing
C) rationalizing
D) brainstorming
E) social loafing
Answer: A
Question:
Answer: B
Question: 5. A(n) _____ decision is a decision that is relatively structured or recurs with some frequency (or both). A) custom-made
B) novel
C) unstructured
D) intuitive
E) programmed
Answer: E
Question: 6. Decisions regarding standard organizational transactions are most likely to be _____ decisions. A) unstructured
B) infrequent
C) programmed
D) intuitive
E) irrational
Answer: C
Question:
Answer: A
Question: 8. When the inventory manager of Cuisine Royale, a restaurant, decides to order a batch of brown bread because the stock is almost empty, she’s making a(n) _____ decision.
A) programmed
B) unstructured
C) intuitive
D) irrational
E) strategic
Answer: E
Question:
Answer: C
Question: 10. Decisions made by top managers involving strategy, such as signing mergers or making acquisitions, are examples of _____ decisions.
A) frequent
B) nonprogrammed
C) structured
D) operational
E) programmed
Answer: B