Description : A solution to a problem that is arrived at through an unstructured process of decision making is called a………….. (a) Bounded rationality ; (b) Non-programmed decision ; (c) Programmed decision ; (d) Uncertainty
Last Answer : (c) Programmed decision ;
Description : Which of the following best expresses the difference between programmed and non-programmed decisions? (a) Occur under certainty or risk; occur under uncertainty or ambiguity (b) Made by managers ... rules cannot be developed (d) Have computer routines developed for them; are not computerized
Last Answer : (c) Handled with decision rules; decision rules cannot be developed
Description : What do you mean by the term 'bounded rationality in decision making'?
Last Answer : Maximizing the results of a decision is an ideal stage. Normally it is an impossible thing. The reason is our decisions are disturbed by lot of constraints, to reduce the effect of these constraints some of our efforts become waste. So we can't reach maximum.
Description : What do you term 'bounded rationality' in decision making?
Last Answer : If people are having time and cognitive ability for making decision’s it is said to be bounded rationality.
Description : Vroom and Yetton s contingency model of leadership is based on certain aspects of a leader s decision, they are (a) decision quality (b) decision acceptance (c) both of the above (d ... and decision acceptance refers to the motivation and commitment of group members in implementing the decision.]
Last Answer : (c) both of the above
Description : As a manager moves to higher positions in an organisation the ability to make ______ becomes ______ important. (a) Non-programmed; more ; (b) Programmed; more ; (c) Non-programmed; less (d) Programmed; much more
Last Answer : (a) Non-programmed; more ;
Description : Which type of decision making is carried out by lower level management and deals with specific dayto-day processes? (a) Programmed decision making ; (b) Operational decision making ; (c) Administrative decision making ; (d) Mid-level decision making
Last Answer : (b) Operational decision making ;
Description : If a manager at Wipro wants to award a contract for printing the company's promotional literature and has obtained quotations from several printers, the manager can select a printer and know with ______ what the printing should cost. (a) Ambiguity ; (b) Risk ; (c) Uncertainty ; (d) Certainty
Last Answer : (d) Certainty
Description : ------------ is a condition in which the decision maker chooses a course of action without complete knowledge of the consequences that will follow implementation. (a) Risk ; (b) Uncertainty ; (c) Ambiguity ; (d) Accuracy
Last Answer : (b) Uncertainty ;
Description : The jackpot on a gaming machine has not 'dropped' for several weeks. Believing that the payout is imminent, a gambler feeds coins steadily to the machine. What does this behavior ... ) A display of overconfidence (c) Decision making under uncertainty ; (d) Changing subjective probabilities
Last Answer : (a) Escalation of commitment ;
Description : Select the incorrect statement. Harrison and Pelletier argued that managers should learn to avoid ... (a) Treating decisions with uncertain outcomes as though they had predictable results (b) ... and non-routine decisions. (d) Treating ad-hoc decisions as though they were everyday occurrences
Last Answer : (c) Mixing routine and non-routine decisions.
Description : Under ERG theory, “R” stands for--------- (a) Rationality ; (b) Responsibility ; (c) Remuneration ; (d) Relatedness
Last Answer : (d) Relatedness
Description : An intuitive manager could best be described as one who: A)uses scientific problem solving B)eliminates uncertainty in decision making C)searches out facts and data systematically D)uses an orderly approach to gathering information E)uses personal knowledge and experience to make decisions
Last Answer : E)uses personal knowledge and experience to make decisions
Description : In a highly formalized organization, job behaviours are relatively (a) Non programmed ; (b) Non-existent ; (c) Programmed ; (d) Discretionary
Last Answer : ; (c) Programmed ;
Description : In Herbert Simon's theory, a manager who accepts the first satisfactory solution to a problem has made a ______ decision, while a manager who continues to search for the best possible solution is ... ; satisficing ; (b) Minimising; maximizing ; (c) Satisficing; maximising (d) Maximising; minimizing
Last Answer : (b) Minimising; maximizing ;
Description : What is span of control? (a) empowering lower-level employees (b) concentrating decision-making on one specific point in the organization (c) centralization (d) number of subordinates a manager can effectively direct
Last Answer : (d) number of subordinates a manager can effectively direct
Description : The General Manager‟s meeting was most likely a result of the following management function: (a) Organizing ; (b) Planning ; (c) Decision-Making ; (d) Controlling
Last Answer : ; (c) Decision-Making ;
Description : The ______________ style of leadership is where the focus of power is with the manager. The manager alone exercises decision-making, authority and the control of rewards or punishments. (a) democratic (b) ... a decision to pass the focus of power to members but is readily available if neede(d)]
Last Answer : (c) authoritarian
Description : According to Hofstede, a _____ uncertainty-avoidance culture tries to develop legal institutions that create security. A. Weak B. Strong C. Mixed D. Un-decisive
Last Answer : Strong
Description : According to Hofstede, which dimension of a national culture measures the acceptability of a large difference in status and power among its citizens? A. Individualism versus collectivism B. Masculinity versus femininity C. Uncertainty avoidance D. Power distance
Last Answer : Power distance
Description : V.U.C.A. is an abbreviation for.. A. Volatility, uncertainty, complexity and ambiguity B. Viscosity, uncertainty, complexity and ambiguity C. Volatility, uncertainty, competition and ambiguity D. None of these options is correct
Last Answer : Volatility, uncertainty, complexity and ambiguity
Description : Strategic Management is an attempt to organize qualitative and quantitative information in a way that allows effective decisions to be made under conditions of uncertainty
Last Answer : True
Description : V.U.C.A. is an abbreviation for.. A. Volatility, uncertainty, complexity and ambiguity B. Viscosity, uncertainty, complexity and ambiguity C. Volatility, uncertainty, competition and ambiguity D. None of these options is correct.
Description : ____________ reduces uncertainty (a) Negotiating ; (b) Planning ; (c) Organizing ; (d) Leading
Last Answer : (b) Planning ;
Description : The decision to request an increase the resources for a project is the responsibility of the: 1. Functional manager 2. Project manager 3. Director of project management 4. Customer
Last Answer : 2. Project manager
Description : What are the different techniques used to offset risk and uncertainty in decision making?
Last Answer : Decision tree analysis, Simulation, Game theory, Probabilistic models
Description : Distinguish between decision under risk and uncertainty?
Last Answer : Making decision for the unknown state is decision under uncertainty Making decisions without considering the consequence is decision under risk.
Description : Which is true for Decision theory? a) Decision Theory = Probability theory + utility theory b) Decision Theory = Inference theory + utility theory c) Decision Theory = Uncertainty + utility theory d) Decision Theory = Probability theory + preference
Last Answer : c) Decision Theory = Uncertainty + utility theory
Description : 40. Which of the following is a limitation associated with an LP model a. The relationship among decision variables is linear b. No guarantee to get integer valued solutions c. No considerations of effect of time & uncertainty on LP model d. All of the above
Last Answer : d. All of the above
Description : ......................... deals with making sound decisions under conditions of certainty, risk and uncertainty. a. Game theory b. Network analysis c. Decision theory d. None of these
Last Answer : c. Decision theory
Description : The object of portfolio is to reduce ……by diversification A . Return B. Risk C. Uncertainty D. Percentage
Last Answer : Answer: B
Description : A strategic manager that seeks to reach acceptable profit targets as opposed to making as much profit as possible is making decisions of which type? a) Satisfactory b) Satisficing c) Irrational d) Optimal
Last Answer : Satisficing
Description : The recently emerged type of managerial job is ______________ (a) Top Manager ; (b) Middle Manager ; (c) First Line Manager ; (d) Team Leader
Last Answer : (d) Team Leader
Description : Calculate the prime cost from the following information: Direct material purchased: Rs. 1,00,000 Direct material consumed: Rs. 90,000 Direct labour: Rs. 60,000 Direct expenses: Rs. 20,000 Manufacturing overheads: Rs. 30,000 (a) Rs. 1,80,000 (b) Rs. 2,00,000 (c) Rs. 1,70,000 (d) Rs. 2,10,000
Last Answer : (c) Rs. 1,70,000
Description : Sharon Moro, office manager at Willow Manufacturing stated, We d had manufacturing work cells in place for at least two years, but change didn t really happen until we added teamwork. To ... Individual employee success was recognized and celebrated. (d) Employees believed in what they were doing.
Last Answer : (c) Individual employee success was recognized and celebrated.
Description : Which of the following statements would a Theory X manager consider to be true? (a) The average person can learn to accept and even seek responsibility (b) Employees will shirk responsibility (c) ... if they are committed to the objectives (d) Employees view work as being as natural as play
Last Answer : C) Employees will exercise self-direction if they are committed to the objective
Description : Tannenbaum and Schmidt‟s continuum of possible leadership behaviour identifies four main styles of leadership by the manager. What are they? (a) Commands, helps, joins and leads ; (b) Tells, sells, consults and joins (c) Tells, helps, joins and leads ; (d) Commands, sells, consults and resists
Last Answer : (b) Tells, sells, consults and joins
Description : Various moderating variables determine whether a manager will act in an ethical or unethical manner. Which of the following individual characteristics indicates the degree to which people believe they are masters of their own fate? (a) Perception ; (b) Value ; (c) Attitude ; (d) Locus of Control
Last Answer : (d) Locus of Control
Description : A customer getting the option of choosing the type of bread and toppings / ingredients in QSR restaurant is an example of? A. Co-opetition B. Co-operation C. Co-Creation D. All of the above
Last Answer : Co-Creation
Description : Which of the following is the most common type of departmentalization? (a) Customer/Market Departmentalization ; (b) Function Departmentalization (c) Geography Departmentalization ; (c) Process Departmentalization
Last Answer : (b) Function Departmentalization
Description : Which of the following trends is gaining momentum? (a) Using less departmentalization (b) Geographical departmentalization (c) Using only one type of departmentalization (d) Using more customer departmentalization
Last Answer : (d) Using more customer departmentalization
Description : When jobs are grouped together based on a particular type of customer, this is known as….. (a) Job structuring ; (b) Formalization ; (c) Centralization ; (d) Departmentalization
Last Answer : (d) Departmentalization
Description : Which one of the following aims is achieved most through Office Record keeping ? (A) Efficiency of operations on shop floor (B) Business reputation (C) Storage of documents (D) Helping decision making
Last Answer : Answer: Storage of documents
Description : Helping Your Child Return To School With A New Computer?
Last Answer : When your child is going back to college, you will probably want to help him or her buy a new computer. After all, college students use computers more than any other people. They are constantly on them ... sales in mere seconds. If you know what you should be looking for, you can act very quickly.
Description : Best to-do online manager?
Last Answer : www.todoist.com
Description : This corporate parent seeks to employ its own competences to add value to its business units. A. The Portfolio manager B. The Synergy manager C. The Parental developer D. None of these options
Last Answer : The Parental developer
Description : This corporate parent seeks to enhance value across business units by managing synergies across business units. A. The Portfolio manager B. The Synergy manager C. The Parental developer D. None of these options
Last Answer : The Synergy manager
Description : This corporate parent acts as an agent on behalf of financial markets and shareholders, with a view to enhancing the value attained from the various businesses. A. The Portfolio manager B. The Synergy manager C. The Parental developer D. None of these options
Last Answer : The Portfolio manager