This website uses cookies to ensure you have the best experience. Learn more

Decision Making Mchapter 6anagement College Univesity Tutorial

647 words - 3 pages

Principles of Management
Tutorial 6 – Decision Making
Part 1 – Multiple Choice Questions
1. The set of eight steps that begins with identifying a problem and decision criteria and allocating weights to those criteria is called the _____.
a. programmed decision
b. decision-making process
c. structured problem
d. directive style
2. In the decision-making process, once alternatives have been identified, a decision maker must analyze each one by evaluating it against _____.
a. heuristics
b. risks
c. nonprogrammed decisions
d. decision criteria
3. The last step of the decision-making process involves _____.
a. selecting an alternative
b. identifying decision criteria
c. evaluating decision effectiveness
d. identifying a problem
4. Because of limitations on coming up with the "best" alternative, managers frequently pursue alternatives that they consider to be "good enough." This is known as _____.
a. satisficing
b. bounded rationality
c. rationality
d. certainty
5. A waitress spills a drink on a customer and the manager immediately offers to pay to dry-clean the customer's jacket. This problem and solution are fairly routine and straightforward. This is an example of a _____.
a. nonprogrammed decision
b. unstructured problem
c. programmed decision
d. bounded rationality
6. In the case of _____, the goal of the decision maker is clear, the problem is familiar, and information about the problem is easily defined and complete.
a. structured problems
b. intuitive decision making
c. unstructured problems
d. bounded rationality
7. Which of the following is an example of a policy?
a. Employees must clock out before taking lunch breaks.
b. Employees may not smoke inside the building.
c. Employee wages will be competitive within community standards.
d. Employees requesting vacation time must submit the appropriate form at least three weeks prior to the beginning of the requested vacation period.
8. Under conditions of _____, the choice of alternative is influenced by the limited amount of information available to the decision maker and by the psychological orientation of the...

Find Another Essay On decision making mchapter 6anagement - college univesity - tutorial


894 words - 4 pages influenced his formulation of role in his family – he requires family member must follow him. For Mrs. Ho’s family of origin, she is an only child in her family. Her father provides her a lot of freedom focusing her happiness and comfort, additionally, her family is relatively equal as her parents give her freedom on any decision making. She lives without pressure in her childhood. Therefore, she seldom affects his son’s decision and doted on her

The Internet and Education Essay

2318 words - 9 pages lead fuller lives and compete more successfully for careers in the Information Age. Internet access provides children the educational enrichment needed to understand technology and making school subjects more interesting. It offers resources to all groups of users, (e.g. special needs children, visually and hearing impaired, ESL) there is something for every user. Studies have showed the Internet has proven to increase decision making

Ethical Perspective Paper

1085 words - 4 pages perspective individuals. Standing up for themselves or others is normal and done with little regard for negative personal consequences. The obligation perspective individual would rather do what is right, at a personal loss; instead of benefiting from an activity that they feel is unethical and immoral. Standing up for what a person believes in, and making the right decision can be a difficult value to stand by in today's competitive business

The Accounting Career and Its Contributions to Society

1157 words - 5 pages involved. Works Cited A Framework for Thinking Ethically. (1988, Winter). Retrieved from Berman, J. (2014, February 5). It's a Fact that Women Get Paid Less Than Men. Stop Debating. The Huffington Post. History, Concepts, Ethics and Rule-Making in Human Care Regulation. (2009). Retrieved from Univesity of Southern Maine Muskie School of Public Service: Karpoff, J. (2010, April 5). The Decade's Worst Financial Scandals. Seattle, Washington. Reeves, J. (2004, September 30). Timeline of Accounting Scandal at HealthSouth. The Washington Post.

Plan For Success

2364 words - 9 pages standards followed in a response to a particular event, while rules and policies provide guidance on particular actions. As an endpoint, planners must be aware of unforeseen challenges that may require a change in plan. When the current plan fails to achieve the desired outcome, a contingency plan is applied. An applied contingency plan does not end the planning process (Pfeiffer 45). In addition to planning, decision-making is essential for managers


2191 words - 9 pages BU1002 - Accounting for Decision Making Session 1, 2014 1 Session 1 Subject overview Introduction to accounting Ref - Ch 1, Birt et el BU1002 Accounting for Decision Making Staff contact:  Lecturer: Jodie Maxfield  Email:  Phone: 4781 6597  Office: 27 ‐ 310  Availability: Tuesday 1 - 3pm Wednesday 1 - 3pm 2  Tutor: Paul McGrath  Email: paul.mcgrath

How I Will Lead Groups to Become Teams

3285 words - 13 pages commitment and feel powerless, this is a best- fit method for our group. If we used the other method instead of this method, we would waste a lot of time on the decision making. Thus, it would decrease the team effectiveness. In the tutorial class of leadership and organization dynamics that I attended before, we had participated a lot of activities in the class. But the most impressed activities for me are the week… and week… tutorial class. Due

Self reflection paper-personality test

1036 words - 4 pages After doing the personality tests in tutorial 2, I would like to reflect something about my own personality. Also, I have some opinion about the trait theory and the behavioral perspectives of personality theories.To start with, I would like to summarize my own personality based on the NEO-FFI personality test. According to Weiten (1995) and the results that I have obtained above, I am rather calm, relaxed and have less negative emotionality

Decline Of America In Foreign Policy

1535 words - 6 pages United States has maintained a luxurious life. We must realize that the United States must look at themselves on the global level. America is on the rise along with it's people, we must maintain a standard of high living, economic stability, and proper decision making. 'So then you are no longer strangers and aliens, but you are fellow citizens with the saint, and are of Gods house hold'(NKJV 1258).BibliographyHargis, Billy James. Disaster File.Tulsa

Project Management

1452 words - 6 pages several steps required to assure project success. These steps are briefly outlined in the following paragraphs. Step 1: Determine project goals. It is important to define what the project is, as well as what the expected inputs and outputs are. According to Project Management Tutorial Online, in order for project goals to be accomplished, this must be a team oriented decision. “Give everyone the opportunity to contribute and :buy-in” to

The Movement for Legal Protection for the Disable

2485 words - 10 pages goes beyond the minimum requirements of the ADA and Rehabilitation Act, is that the college is able to charge students for their services in addition to their tuition. This fee-based program provides students with “professional, individual tutorial support” that can cost the student close to $4,000 extra a semester (American International College). Responsibility for Acquiring Resources Although it has been made federal regulation under the ADA

Similar Essays

Effectiveness Of Advertisement On Students To Attend Tutorial Class

1656 words - 7 pages researches only found out the tutorial advertisement is one the reasons affect students to attend the tutorial course but no explanation of why and how it affect students’ decision-making. Similar research has not been carried out in Hong Kong. Therefore, the main idea of this research is to assess whether the relationship between the tutorial advertisement and drive for attending tutorial course, so as to understand why and how it affect students

Workbook Year3 Essay

3603 words - 14 pages 3112IBA Management Strategy and Decision Making (Semester 2 2014) Workbook This workbook includes: • Course Running Sheet • Overview of Course Assessment • Overview of Tutorial Activities • Exam Preparation and Revision Suggestions Dr Ki-Hoon Lee July, 2014 Dear Students, Welcome to Management Strategy and Decision Making (3112IBA) for Semester 2, 2014. This course brings together themes from across your undergraduate

Accounting Essay

2206 words - 9 pages information and decision-making practices." Eldenburg et al. (2011, p. 2) "Management accounting is the process of gathering, summarising and reporting financial and non-financial information used internally by managers to make decisions." Eldenburg et al. (2011, p. 6) "Ultimately, the challenge for management accountants and the management accounting function is to ensure that the organisational decision-making needs are appropriately matched with

Management Accounting Essay

2206 words - 9 pages information and decision-making practices." Eldenburg et al. (2011, p. 2) "Management accounting is the process of gathering, summarising and reporting financial and non-financial information used internally by managers to make decisions." Eldenburg et al. (2011, p. 6) "Ultimately, the challenge for management accountants and the management accounting function is to ensure that the organisational decision-making needs are appropriately matched with