y thuh The difference betweede a y dowed h e proces s 18. What want by som AA phenomenon occur whe n the desire for w conse , ovide sound a n energaneve te ca A technique in which ar e gewenste vero het ernative that wppears to resolve the The decision maker's decitoch problem satisfactorily D. The tendency to persist with a failing course of action 19. Experts generally agree that the first step in decision making is A. generating alternative courses of action B. identifying the problem. C. brainstorming D. identifying risk factors 20. When we can identify a symptom of a problem, it is helpful and significant because then we know that A. alternatives can be identified. B. risk and uncertainty exist. C. action must be taken. D. a problem exists. 21. One of the keys to successful implementation of a decision in an organization is to A. put out regular announcements about the whole process. B. highlight the "pros" or advantages of the decision. C. minimize the "cons" or disadvantages of the decision. D. involve individuals affected by it in every step of the process. 22. When a manager persists in a failing course of action and discounts negative information, or she is engaging in A. framing B. perceptual distortion. C. escalation of commitment. D. bounded rationality. 23. Generally speaking, the more confident a person is Appendix 12. The ability to specialize and make decisions faster than large businesses. We goverment regulations, and the that we paid directly to owners are brom type of business organization? AB ons faster than large buigs e ction to of which A. Partnerships B. Limited liability companies S. Corporations DC-corporations 13. The use personal assets to borrow se personal assets tobomow money and the difficulty in obtaining external sources of funds are disadvantages of which form of business Organization A. Partnerships B) Limited liability companies Corporations B Sole proprietorships 14. Which of the following as a legal entity, has many of the rights, duties, and powers of a person, including receiving, owning, and transferring property? A. General partner B. Limited partner C. Corporation D. Joint venture 15. What term describes the process of choosing among alternative courses of action to resols problem? A. Brainstorming B. Framing C. Satisficing D. Decision making 16. Which of the following refers to the condition that exists when decision makers must incomplete, yet reliable information? A. Risk B. Escalation of commitment C. Uncertainty D. Framing 17. What is meant by intuition? A. A phenomenon occurring when cohesive in-groups let the desire for unanimit consensus, override sound judgment in generating and evaluating alternative cours B. A descriptive approach, recognizing that people do not always make decisions P Adriana SA ty. that show managers actually do make decisions C. The difference between a desired situation and the actual situation o de comprehension that he is the case weemingly with the use of my ng process o s analysis 18. What is meant by be i ng? poco cum when cohesive e t the desire for aty. Ovende sound d etecting and evaluating alterative course of action t eous suggest ideas to solve a problem A touchich e dec k er's decision to choose the first alternative that appears to resolve the problem satisfactorily D. The tendency to persist with a failing course of action 19. Experts gemelly agree that the first step in decision making is A g enting alterative courses of action Bideatifying the problem C. brainstorming D. identifying risk factors 20. When we can identify a symptom of a problem, it is helpful and significant because then we Inow that A. alternatives can be identified. B. risk and uncertainty exist. C. action must be taken D. a problem exists. 21. One of the keys to successful implementation of a decision in an organization is to A. put out regular announcements about the whole process. B. highlight the "pros" or advantages of the decision. C. minimize the "cons" or disadvantages of the decision. D. involve individuals affected by it in every step of the process. 22. When a manager persists in a failing course of action and discounts negative information or she is engaging in A. framing. B. perceptual distortion. C. escalation of commitment. D. bounded rationality 23. Generally speaking, the more confident a person is