Chapter 6: Decision Making: The Essence of the Manager's Job
True or False



1.  

Identifying a problem is the second step in the decision-making process.

TRUE
FALSE


2.  

Having to start the decision process all over is a possibility when the decision-making process ends.

TRUE
FALSE


3.  

An example of a possible decision criterion is the price of a particular computer brand.

TRUE
FALSE


4.  

The relevance of a decision defines a decision criterion.

TRUE
FALSE


5.  

Managing and decision making are synonymous.

TRUE
FALSE


6.  

An assumption of managerial decision making is to be rational.

TRUE
FALSE


7.  

Managers tend to operate under bounded rationality assumptions.

TRUE
FALSE


8.  

Nonprogrammed decisions tend to be repetitive and routine.

TRUE
FALSE


9.  

The minimax approach is often followed by an optimistic manager.

TRUE
FALSE


10.  

Analytical-style decision makers work well with others.

TRUE
FALSE


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