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MGT 350 Final Exam

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1) Programmed decisions are useful when there is no predetermined structure on which to rely.

B.

False

2) Managers often ignore problems.

A. true

3) Bill Simmons is the manager of a small restaurant and must decide how much money he owes his suppliers. This is an example of a non programmed decision.

B. False

4) In the fourth state of decision making, problem diagnosis is linked to the development of alternatives.

A.

True

5) Choosing a ready-made alternative takes less time than designing a custom-made solution.

A.

True

6) 1.2.3 Contingency plans are best developed following the final stage of decision making—evaluating the decision.

B.

False

7) One advantage of using a group for decision making is that one person dominates.

B.

False

8) Discounting the future is said to partly explain governmental budget deficits and environmental destruction.

B.

False

9) In decision making, it is always better to use a group than an individual.

A.

True

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