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A manager performs a financial analysis of each alternative

A manager performs a financial analysis of each alternative in order to determine which alternative is most likely to impact the organization's profitability. This manager is focusing on which criterion for decision-making?
Answer

Practicality

Ethicalness

Economic feasibility

Dialectical inquiry

Legality

Question 2

According to the administrative model of decision making, if managers cannot possibly specify all of the possible alternatives to a decision, this is the result of:
Answer

incomplete information.

bounded rationality.

an optimum decision.

brainstorming.

Question 3

PepsiCo purchased KFC so that it could replace Coke products with Pepsi products in KFC restaurants. This was an example of:
Answer

horizontal integration.

vertical integration.

a low-cost strategy.

a global strategy.

a diversification strategy.

Question 4

The explosion of the space shuttle Challenger is an example of poor managerial decision-making wherein managers neglected the criterion of __________.
Answer

ethicalness

practicality

legality

economic feasibility

devil's advocacy

Question 5

GE Financial Services is an example of which level of management operations for General Electric Company?
Answer

Functional

Corporate

Divisional

Departmental

Question 6

When managers cannot assign probabilities of future occurrence to possible alternatives to a decision, this is known as __________.
Answer

certainty

risk

bounded rationality

uncertainty

dialectical inquiry

Question 7

An organization creates a list of possible future forecasts of business situations and creates a plan to respond to each of these forecasts. This is known as __________ planning.
Answer

synergy

ad hoc

divisional-level

scenario

functional

Question 8

In the Five Forces Model, the type of competitive activity that exists between organizations is known as the:
Answer

potential for entry into the industry.

threat of substitute products.

power of customers.

level of rivalry.

power of suppliers.

Question 9

When an organization updates its five-year plan annually in order to take into account changing conditions within the organization and in the organization's external environment, this is known as which type of plan?
Answer

Inflexible

Functional

Rolling

Scenario

SWOT

Question 10

When a manager makes a decision based on a generalization from a very small sample of information, this is known as:
Answer

dialectical inquiry.

systematic errors.

devil's advocacy.

representative bias.

the illusion of control.

Solution Preview

A manager performs a financial analysis of each alternative in order to determine which alternative is most likely to impact the organization's profitability. This manager is focusing on which criterion for decision-making?
Answer

Economic feasibility

Question 2

According to the administrative model of decision making, if managers cannot possibly specify all of the possible alternatives to a decision, this is the result of:
Answer

bounded rationality.

Question 3

PepsiCo purchased KFC so that it could replace Coke ...

Solution Summary

A manager performs a financial analysis of each alternative in order to determine which alternative is most likely to impact the organization's profitability. This manager is focusing on which criterion for decision-making?
Answer

Practicality

Ethicalness

Economic feasibility

Dialectical inquiry

Legality

Question 2

According to the administrative model of decision making, if managers cannot possibly specify all of the possible alternatives to a decision, this is the result of:
Answer

incomplete information.

bounded rationality.

an optimum decision.

brainstorming.

Question 3

PepsiCo purchased KFC so that it could replace Coke products with Pepsi products in KFC restaurants. This was an example of:
Answer

horizontal integration.

vertical integration.

a low-cost strategy.

a global strategy.

a diversification strategy.

Question 4

The explosion of the space shuttle Challenger is an example of poor managerial decision-making wherein managers neglected the criterion of __________.
Answer

ethicalness

practicality

legality

economic feasibility

devil's advocacy

Question 5

GE Financial Services is an example of which level of management operations for General Electric Company?
Answer

Functional

Corporate

Divisional

Departmental

Question 6

When managers cannot assign probabilities of future occurrence to possible alternatives to a decision, this is known as __________.
Answer

certainty

risk

bounded rationality

uncertainty

dialectical inquiry

Question 7

An organization creates a list of possible future forecasts of business situations and creates a plan to respond to each of these forecasts. This is known as __________ planning.
Answer

synergy

ad hoc

divisional-level

scenario

functional

Question 8

In the Five Forces Model, the type of competitive activity that exists between organizations is known as the:
Answer

potential for entry into the industry.

threat of substitute products.

power of customers.

level of rivalry.

power of suppliers.

Question 9

When an organization updates its five-year plan annually in order to take into account changing conditions within the organization and in the organization's external environment, this is known as which type of plan?
Answer

Inflexible

Functional

Rolling

Scenario

SWOT

Question 10

When a manager makes a decision based on a generalization from a very small sample of information, this is known as:
Answer

dialectical inquiry.

systematic errors.

devil's advocacy.

representative bias.

the illusion of control.

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