Question

Which of the following identifies a disadvantage of planning?

A. Planning establishes the goals or standards that facilitate control.

B. Planning reduces overlapping and wasteful activities.

C. Planning reduces uncertainty.

D. Planning requires coordinated effort.

E. Planning may create rigidity.

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Decisions regarding whether to add a new product line, open a new office, or sell off an unprofitable division are all examples of which of the following?

A. Structured problem

B. Non-programmed decision

C. Procedure

D. Rule

E. Programmed decision

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Which of the following identifies a set of eight steps that begins with identifying a problem, moves through selecting an alternative that can alleviate the problem, and concludes with evaluating the decision's effectiveness?

A. Bounded rationality

B. Rational decision making

C. Satisfice

D. Decision-making process

E. Heuristics

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Which of the following describes heuristics?

A. Solutions that are good enough

B. Decisions that are rational within the limits of a manager's ability to process information

C. Making decisions on the basis of experience, feelings, and accumulated judgment

D. Choices that are consistent and value-maximizing within specified constraints

E. Rules of thumb that are used in decision making because they help make sense of complex, uncertain, and ambiguous information

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Which of the following identifies positive trends in the external environment?

A. Weaknesses

B. Assets

C.Opportunities

D. Threats

E. Strengths

Answer 1

1. E. Planning may create rigidity.

2. B. Non-programmed decision (because the situation is unique, complex, and strategic in nature)

3. D. Decision-making process

4. E. Rules of thumb that are used in decision making because they help make sense of complex, uncertain, and ambiguous information

5. C. Opportunities.