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- 1. Multiple Choice
The last step in Decision making process
Taking action
Choosing the right decision
Evaluation
Weighing alternatives
- 2. Multiple Choice
When the decision making situation has certain limitations
Rationality
Bounded Rationality
Risky
Ambiguous
- 3. Multiple Choice
A purchase manager chooses a vendor because he has supplied quality material in the past rather than by the rational way of choosing the vendor with the best price quote. His decision making is through
Bounded Rationality
Role of Intuition
Rationality
None of the above
- 4. Multiple Choice
Intuition decision making is based on
Manager's past experiences
Manager's feelings or emotions
Manager makes decision on ethical values/culture
All of the above
- 5. Multiple Choice
An employee has left for the day due to ill health, the shift manager immediately pitches in another employee to do the job left incomplete by the sick employee till the shift ends. This is an example of
Well-Structured problem and programmed decision
Poorly structured problem and non-programmed decision
Role of intuition
Well structured problem and non-programmed decision
- 6. Multiple Choice
Policy, Procedure and Rule are considered when taking
Programmed decision
non-programmed decision
risky decision
Ambiguous decision
- 7. Multiple Choice
When manager has greater tolerance for ambiguity, his DM style is
Directive
Analytic
Conceptual
Behavioural
- 8. Multiple Choice
Two start ups in the same industry plan to merge their assets and human capital to maximize their presence in the market. This planning is an example of
Tactical planning
Operational Planning
Strategic planning
No planning needed. Merging is always good choice.
- 9. Multiple Choice
When an employee meets with his supervisor and together lay out individual objectives and plans over the next year for the employee to work on, it is an example of
Management by Exception
Management by Objectives
Traditional Goal setting
Who does that? Just tell him what to do and its done!
- 10. Multiple Choice
The containment to be delivered to a high value customer has been delayed due to an unexpected road accident. The manager immediately directs the nearest warehouse to deliver part of the containment immediately to the customer and promises to deliver the rest after a delay of 5 hours, so as to not go back on the company motto of 'On time Delivery'. This is an example of
Strategic planning
Corporate Planning
Contingency Planning
Survival planning
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