Management 3

  1. 1. Intellectual capital can be defined as




    B. the shared knowledge of a workforce that can be used to create wealth
  2. 2. __________ is the ability to utilise computers and information technology to locate, retrieve, evaluate, organise and analyse information for decision making.




    A. Information competency
  3. 3. Which of the following statements accurately describes the impact of information technology on organisations?




    D. All of the above.
  4. 4. The combination of computer hardware, software, networks and databases that allow information to be shared, stored and manipulated is known as




    B. information technology
  5. 5. The use of computers and related information technologies to electronically facilitate operations in an office environment is known as the




    D. electronic office
  6. 6. Companies that invest in information technology in the quest for competitive advantage can expect to benefit through




    D. all of the above
  7. 7. The increasing use of information technology (IT) can help organisations better manage relationships with their environments in which of the following ways?




    D. All of the above are ways that IT can help organisations manage relationships with their environments.
  8. 8. __________ is the process of buying and selling goods electronically through the use of the Internet and related information technologies.




    B. Electronic commerce
  9. 9. Which of the following sequence of stages accurately describes the stages of development in e-commerce?




    A. Secure an online identity, establish a web presence, enable e-commerce, provide eand customer relationship management, and utilise a service application model.
  10. 10. Which of the following is not a characteristic of useful information?




    A. The information will enable the user to be involved in making decisions and increase the likelihood of his/her commitment to those decisions.
  11. 11. Useful information has the characteristics of




    B. timeliness, quality, completeness, relevance and understandability
  12. 12. A good information system provides managers with 'intelligence information' concerning the




    E. the activities of a variety of outside parties in the organisation's external environment.
  13. 13. Information systems are becoming increasingly important to organisations for the purpose of image building. Which of the following describes the type of information that is useful for image building?




    B. Public information
  14. 14. Which level of management uses information to formulate strategies, objectives, and long-term plans; to develop policies; and to make strategic decisions?




    A. Top managers
  15. 15. Common information systems mistakes include all of the following EXCEPT which one?




    B. Don't assume that everyone understands computer etiquette.
  16. 16. All but one of the following statements provides an accurate description of decision support systems. Which statement does NOT provide an accurate description?




    B. A decision support system is the work team that assists a manager is evaluating decision alternatives.
  17. 17. An interactive computer-based information system that facilitates the efforts of several people working together in solving complex and unstructured problems is a




    D. group decision support system.
  18. 18. The type of group decision support system that allows several people to simultaneously work on a file or database and work together on computer networks is called




    C. groupware.
  19. 19. Which of the following statements accurately describes the advantages of groupware?




    E. All of these statements accurately describe the advantages of groupware.
  20. 20. Computer programs that arise out of the field of artificial intelligence and help managers analyse and solve problems at a highly skilled or proficient level that mimics the thinking of human experts are called




    B. expert systems.
  21. 21. An airlines company uses a computer-based system to assist in scheduling maintenance for planes. The system combines the knowledge and insights associated with aircraft landing schedules of approximately three dozen aircraft routing specialists. It uses about 500 decision rules to 'reason' on behalf of the users. This system is




    D. an expert system.
  22. 22. The goal of integrating computer systems and software into intranets is to




    B. promote more integration across the organisation and improve operational effectiveness and efficiency.
  23. 23. Suppose that a field salesperson uses e-mail to send a customer's suggestion for a product modification to a product designer at company headquarters. After creating a computer-assisted design for the product, the designer uses the computer to pass it on simultaneously to engineering, manufacturing, finance and marketing experts for their preliminary analysis. This is an example of the use of a(n)




    A. enterprise-wide network.
  24. 24. Which of the following is NOT one of the activities influenced or enabled by extranets?




    C. Extranets promote more integration within an organisation, thereby improving operational effectiveness and efficiency.
  25. 25. __________ uses information technology (IT) to meet the information needs of managers as they make decisions on a daily basis.




    A. A management information system
  26. 26. Information technology has numerous important effects on the manager's job. Which one of the following is NOT one of these effects?




    C. Only the informational managerial role identified by Henry Minztberg involves communication and information processing.
  27. 27. The advantages of appropriate MIS utilisation include all of the following EXCEPT




    D. MIS utilisation allows for greater reliance on computer and information technology in addressing the challenges faced by an organisation.
  28. 28. A problem exists when there is a difference between __________ and __________.




    D. an actual situation, and a desired situation.
  29. 29. Which of the following statements does NOT accurately characterise the nature of problems?




    A. A problem refers to any difference between an uncertain situation and a perceived situation.
  30. 30. A company purchases a new computer system for the purpose of streamlining the processing of customer orders. The company's objective is to decrease processing time so that 98% of all orders are shipped within 24 hours of being received. After operating with the new system for three months, the company was shipping 92% of all orders within 24 hours. This situation is an example of a




    A. performance deficiency
  31. 31. A __________ occurs when an actual situation turns out either better than anticipated or offers the potential to be so.




    D. performance opportunity.
  32. 32. Suppose a work process is changed with the intent of increasing output by 5%. After the first month of operation with the new work process, an output increase of 7% is reported. This is an example of a




    C. performance opportunity.
  33. 33. Problem solving and decision making are dependent on quality __________ being available to the right people at the right time.




    D. information
  34. 34. A(n) __________ is a choice among alternative possible courses of action.




    A. decision
  35. 35. A good example of a programmed decision is to




    D. All of the above.
  36. 36. A(n) __________ is made when a new and unfamiliar problem arises and a novel solution is crafted to meet the demands of the unique situation at hand.




    C. non-programmed decision
  37. 37. Which of the following is NOT a good example of a non-programmed decision situation?




    B. Consideration of an employee's request for tuition reimbursement for a job-related course taken at the local community college.
  38. 38. Most higher-level managerial decision situations can be classified as




    A. non-routine and unstructured.
  39. 39. An unexpected problem that can lead to disaster if not resolved quickly and appropriately is known as




    D. a crisis.
  40. 40. Which of the following statements does NOT accurately describe an aspect of how managers should deal with a crisis?




    E. Most managers react to crisis situations by readily involving others in solving the problem.
  41. 41. When managers are unable to even assign probabilities to the outcomes attached to various problem-solving alternatives,




    D. uncertainty exists.
  42. 42. The ideal, but seldom achieved, condition for managerial problem solving is characterised by




    D. certainty, because the manager simply has to locate the alternative offering the best solution.
  43. 43. When decision makers lack complete information but have some knowledge of the probabilities associated with the outcomes of various courses of action, they are operating in an environment of




    B. risk.
  44. 44. The most difficult decision environment for any manager to deal with is




    E. uncertainty.
  45. 45. Which of the following statements is/are TRUE?




    A. Problem avoiders ignore information that would otherwise signal the presence of a problem.
  46. 46. __________ are managers who try to solve problems but only when forced to by the situation.




    A. Problem solvers
  47. 47. Suppose retail sales are steadily dropping. Executive A says it is probably a seasonal drop and should be ignored. Executive B suggests convening a task force to analyse the situation before a decision is made. Executive C says the answer to the drop in sales is to conduct market research and possibly develop a new image for the store or revamp the marketing campaign to make the store more appealing to the consumer. Which of the following statements accurately describes the three executives' different styles for dealing with problems?




    C. A is a problem avoider; B is a problem solver; C is a problem seeker.
  48. 48. The president of a company anticipated the need for a new product line to replace other products that were reaching their maximum sales potential. This president could be described as a




    A. problem seeker.
  49. 49. A person who approaches problems in a rational, step-by-step, and analytical fashion is engaging in @ Page 72. Factual.




    E. systematic thinking.
  50. 50. Systematic thinkers are likely to




    B. break a complex problem into smaller components, make a plan before taking action, and search for information to facilitate problem solving in a step-by-step fashion.
  51. 51. __________ is the capacity to view many problems at once, in relationship to one another, and across long and short time horizons.




    C. Multidimensional thinking
  52. 52. Intuitive thinkers are likely to do all of the following EXCEPT




    E. solve problems in a step-by-step fashion.
  53. 53. Managers should use __________ in high uncertainty situations where limited facts and few decision precedents exist.




    A. intuitive thinking
  54. 54. __________ is the ability to remain focused on long-term objectives while being flexible in dealing with short-term problems and opportunities in a timely manner.




    A. Strategic opportunism
  55. 55. The first step in the decision-making process involves




    C. gathering information, processing information, and deliberating.
  56. 56. Decision making is a _________ process that begins with __________ and ends with __________.




    E. five-step; identifying and defining the problem; evaluating the results of the implemented solution
  57. 57. Stating a problem as the need to 'build a better mousetrap' instead of the need to 'get rid of mice' is an example of which type of error in identifying and defining a problem?




    C. Defining a problem too narrowly
  58. 58. __________ involves asking questions such as: What is the actual situation? What is the desired situation?




    C. identification and definition
  59. 59. Typical criteria for evaluating alternative solutions include all of the following EXCEPT




    A. ease of implementation.
  60. 60. Which of the following features are important for the second step of the decision-making process to be effective?




    D. All of the above
  61. 61. Comparing the costs of implementing an alternative with its expected benefits is called a(n)




    E. cost-benefit analysis.
  62. 62. The third step of the decision-making process involves




    E. selecting a preferred course of action.
  63. 63. Which question(s) arise(s) in the third step of the decision-making process?




    D. All of the above questions arise in the third step.
  64. 64. A manager who chooses the alternative giving the absolute best solution to a problem is making a(n) @ Page 75. Factual




    C. optimising decision.
  65. 65. The __________ describes decision making with complete information, where the manager faces a clearly defined problem and knows all possible action alternatives as well as their consequences.




    D. classical decision model
  66. 66. Which one of the following statements provides an INCORRECT description of the behavioural decision model?




    C. Even with cognitive limitations, competent managers can make perfectly rational decisions in highly ambiguous situations.
  67. 67. The __________ describes decision making with limited information and bounded rationality where people are assumed to act only in terms of what they perceive about a given situation is called.
    a. executive decision model
    b. personal decision model
    c. biased decision model
    *d. behavioural decision model
    e. descriptive decision model
    *d. behavioural decision model
  68. 68. The __________ is particularly useful in describing how people make decisions under conditions of risk and uncertainty.




    B. behavioural decision model
  69. 69. When a manager chooses the first satisfactory alternative that comes to his or her attention during the decision-making process, ______________ has occurred.




    C. satisficing
  70. 70. Which one of the following statements regarding decision-making models is CORRECT?




    B. All of the preceding statements are correct.
  71. 71. The __________ refers to the failure to adequately involve those persons whose support is necessary to ensure a decision's complete implementation.




    B. lack-of-participation error
  72. 72. The failure to adequately involve the people whose support is necessary to ensure a plan's complete implementation is a major reason for difficulties in the __________ stage of decision making.




    C. implementation.
  73. 73. Which of the following does NOT accurately describe the evaluation of results in the decision-making process?




    E. Only negative consequences of the chosen course of action need to be examined.
  74. 74. Which statement about heuristics is correct?




    D. All of the above.
  75. 75. Tips on how to avoid the escalation of commitment trap in decision making include all of the following EXCEPT
    a. setting advance limits on involvement.
    b. determining why the particular course of action is right.
    *c. guarding yourself against the tendency to quit too soon.
    d. keeping in mind the costs involved.
    e. not letting others influence your decision.
    *c. guarding yourself against the tendency to quit too soon.
  76. 76. The tendency to increase effort and perhaps apply more resources to pursue a course of action that is not working is known as




    A. escalating commitment.
  77. 77. The best managers and team leaders use both ___________ decision making, employing the one that best fits the problem at hand.
    a. classical and individual
    b. classical and group
    c. behavioural and individual
    d. behavioural and group
    *e. individual and group
    *e. individual and group
  78. 78. The potential advantages of group decision making include all of the following EXCEPT




    A. minority domination may occur.
  79. 79. The potential disadvantages of group decision making include which of the following?




    D. All of the above are potential disadvantages of group decision making.
  80. 80. Which of the following statements does NOT accurately describe an attribute or feature of ethical decision making?




    B. Only major managerial decisions need to meet the criteria of the 'ethics double check.'
  81. 81. Examining the __________ a proposed decision may result in both better decisions and the prevention of costly litigation.




    D. ethics of
  82. 82. _________ describes the processes through which organisations develop, organise and share knowledge to achieve competitive advantage.




    D. Knowledge management
  83. 83. An organisation with effective knowledge management will




    D. All of the above.
  84. 84. A __________ is responsible for energising learning processes and making sure that an organisation's intellectual assets are well-managed and continually enhanced.




    D. Chief Knowledge Officer
  85. 85. An organisation that is able to continuously change and improve its performance based upon lessons of experience is known as




    E. a learning organisation.
  86. 86. According to Peter Senge, the core ingredients of a learning organisation include all of the following EXCEPT




    D. everyone is motivated by self-interest.
  87. 87. Which of the following accurately describes the nature of learning organisations?




    D. All of the above.
Author
Anonymous
ID
252785
Card Set
Management 3
Description
Management 3
Updated