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Management Decision-Making, Strategies, and Organizational Dynamics

Study of management strategies and decision-making dynamics.

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    Management Decision - Making, Strategies, and Organizational Dynamics  Question 1 6 out of 6 points ABC Company is attempting to decide whether or not to launch a new $10 million advertising campaign for a product whose sales have been lagging well below the projected sales for this product. This represents which type of decision for the organization? Selected Answer: D. Nonprogrammed Correct Answer: D. Nonprogrammed Response Feedback: In nonprogrammed decision making, rules do not exist because the situation is unexpected or uncertain and managers lack the information they would need to develop rules to cover it.  Question 2 6 out of 6 points When Matsushita sells its TVs and VCRs using the same basic marketing approach in various countries. Matsushita is pursuing: Selected Answer: C. a global strategy. Correct Answer: C. a global strategy. Response Feedback: If managers decide that their organization should sell the same standardized product in each national market in which it competes, and use the same basic marketing approach, they adopt a global strategy.  Question 3 6 out of 6 points In a meeting, after hearing one member describes a problem to be addressed, all members of a group first wrote down ideas and solutions. After this, everyone shared those suggestions without criticism. The group, one by one, clarified, critiqued, and then discussed the alternatives in the sequence in which they were first proposed. Finally, each m ember ranked all the alternatives, and the highest - ranking alternative was chosen. This process is called: Selected Answer: D. nominal group technique. Correct Answer: D. nominal group technique. Response Feedback: In the nominal group technique, the following procedure is used: (1) One manager outlines the problem to be addressed, and 30 or 40 minutes are allocated for group members, working individually, to write down their ideas and solutions. (2) Managers take turns reading their sug gestions to the group. One manager writes all the alternatives on a flip chart. No criticism or evaluation

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    of alternatives is allowed until all alternatives have been read. (3) The alternatives are then discussed, one by one, in the sequence in which they were first proposed. (4) When all alternatives have been discussed, each group member ranks all the alterna tives from most preferred to least preferred, and the alternative that receives the highest ranking is chosen.  Question 4 6 out of 6 points Which of the following is NOT a part of developing and clearly communicating a sexual harassment policy endorsed by top management? Selected Answer: A. Ensure that alleged harassers are fairly treated Correct Answer: A. Ensure that alleged harassers are fairly treated Response Feedback: Ensuring that alleged harassers are fairly treated is a part of using a fair complaint procedure to investigate charges of sexual harassment.  Question 5 6 out of 6 points Upon joining a new firm, Carrie understands from her colleagues that the organization places a high value personal integrity and does not tolerate any sort of unethical behavior. Such unwritten, informal codes of conduct are referred to as: Selected Answer: B. norms. Correct Answer: B. norms. Response Feedback: Freedom from inner conflict is inner harmony, which is a terminal value.  Question 6 6 out of 6 points A marketing manager wants to budget the advertising for a new product launch. She is trying to determine the amount of money that her company can afford to spend on advertising this new product. Which of the following criterion of decision - making is the marketing manager focusing on? Selected Answer: C. Economic feasibility Correct Answer: C. Economic feasibility Response Feedback: Managers must decide whether the alternatives are economically feasible — that is, whether they can be accomplished given the organization's performance goals.  Question 7 6 out of 6 points

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