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Combe:
Introduction to Management
Chapter 7: Multiple choice questions
Instructions
Answer the following questions and then press 'Submit' to get your score.
Question 1
What are characteristics of a programmed decision?
a) Complex and risky
b) Uncertain and non-routine
c) Low risk and certain
d) Routine and non-complex
Question 2
Of what is an investment decision an example?
a) Programmed decision
b) Routine decision
c) Management decision
d) Non-programmed decision
Question 3
What is not an assumption underpinning the rational decision making model?
a) Incomplete information
b) An agreed goal
c) A structured problem
d) High level of certainty regarding the environment
Question 4
Simon (1960) is associated with what type of decision making model?
a) Rational
b) Classical
c) Programmed
d) Administrative
Question 5
What is the term for decisions limited by human capacity to absorb and analyse information?
a) Cognitive rationality
b) Conscious rationality
c) Bounded rationality
d) Restricted rationality
Question 6
What is the term for a sub-optimal but acceptable outcome of negotiations between parties?
a) Bargaining
b) Satisficing
c) Accepting
d) Compromising
Question 7
What is intuitive decision making based on?
a) Guesswork
b) Gambling
c) Instinct
d) Rationality
Question 8
Which of these does not form part of the key streams identified by March (1988) in decision making in highly ambiguous environments?
a) Expectations
b) Choice opportunities
c) Problems
d) Solutions
Question 9
What assumption is the garbage can model of decision making based on?
a) Limited knowledge and great insight
b) Limited knowledge but high level of experience
c) Limited knowledge and uncertainty
d) Limited knowledge and high risk
Question 10
What is the term for the 'rule of thumb' type of bias in decision making?
a) Framing bias
b) Hindsight bias
c) Over-confidence bias
d) Heuristics