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UIUC BADM 310 Exam 2 || with Error-free Solutions.
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  • UIUC BADM 310

Decision Making correct answers the process by which managers respond to opportunities and threats by analyzing options and making determinations about specific organizational goals and courses of action Programmed Decision Making correct answers Routine, virtually automatic decision making that...

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  • October 28, 2024
  • 13
  • 2024/2025
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UIUC BADM 310 Exam 2 || with Error-free Solutions.
Decision Making correct answers the process by which managers respond to opportunities and
threats by analyzing options and making determinations about specific organizational goals and
courses of action

Programmed Decision Making correct answers Routine, virtually automatic decision making that
follows established rules or guidelines

Non-programmed Decision Making correct answers nonroutine decision making that occurs in
response to unusual, unpredictable opportunities and threats

Intuition correct answers Feelings, beliefs, and hunches that come readily to mind, require little
effort and information gathering, and result in on-the-spot decisions.

Reasoned Judgement correct answers A decision that requires time and effort and results from
careful information gathering, generation of alternatives, and evaluation of alternatives

Classical Decision Making Model correct answers A prescriptive approach to decision making
based on the assumption that the decision maker can identify and evaluate all possible
alternatives and their consequences and rationally choose the most appropriate course of action

Optimum Decision correct answers The most appropriate decision in light of what managers
believe to be the most desirable consequences for the organization

Administrative Model correct answers An approach to decision making is inherently uncertain
and risky and why managers usually make satisfactory rather than optimum decisions

Bounded Rationality correct answers Cognitive limitations that constrain one's ability to
interpret, process, and act on information

Risk correct answers The degree of probability that the possible outcomes of a particular course
of action will occur

Uncertainty correct answers Unpredictability

Ambiguous Information correct answers Information that can be interpreted in multiple and often
conflicting ways.

Satisficing correct answers Searching for, and choosing an acceptable, or satisfactory, response
to problems and opportunities, rather than trying to make the best decision

Heuristics correct answers Rules of thumb that simplify decision making

Systematic Errors correct answers Errors that people make over and over and that result in poor
decision making

, Prior Hypothesis Bias correct answers A cognitive bias resulting from the tendency to base
decisions on strong prior beliefs even if evidence shows that those beliefs are wrong

Representativeness Bias correct answers A cognitive bias resulting from the tendency to
generalize inappropriately from a small sample or from a single vivid event or episode

Illusion of Control correct answers A source of cognitive bias resulting from the tendency to
overestimate one's own ability to control activities and events

Escalating Commitment correct answers A source of cognitive bias resulting from the tendency
to commit additional resources to a project even if evidence shows that the project is failing

Groupthink correct answers A pattern of faulty and biased decision making that occurs in groups
whose members strive for agreement among themselves at the expense of accurately assessing
information relevant to a decision

Devil's Advocacy correct answers Critical Analysis of a preferred alternative, made in response
to challenges raised by a group member who, playing the role of devil's advocate, defends
unpopular or opposing alternatives for the sake of argument

Dialectical Inquiry correct answers Critical analysis of two preferred alternatives in order to find
an even better alternative for the organization to adopt

Organizational Learning correct answers The process through which managers seek to improve
employee's desire and ability to understand and manage the organization and its task
environment

Learning Organization correct answers An organization in which managers try to maximize the
ability of individuals and groups to think and behave creatively and thus maximize the potential
for organizational learning to take place.

Production Blocking correct answers A loss of productivity in brainstorming sessions due to the
unstructured nature of brainstorming

Nominal Group Technique correct answers A decision-making technique in which group
members write down ideas and solutions, read their suggestions to the whole group, and discuss
and then rank the alternatives

Delphi Techniques correct answers A decision-making technique in which group members do
not meet face-to-face but respond in writing to questions posed by the group leader.

Entrepreneur correct answers An individual who notices opportunities and decides how to
mobilize the resources necessary to produce new and improved goods and services

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