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MGT 350 Final Exam 1

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MGT/350 Final Exam
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1) Critical thinking may be stored for use in future decision making.
Examples of mechanisms used to “store” critical thinking for future
programmed decisions include
A.
a Stakeholder Analysis
B.
a Pareto Chart
C.
a regression analysis
D.
a troubleshooting decision tree
E
.
a SWOT Analysis
2) Decision tools and techniques influence the use of critical thinking in
decision making. According to the decision steps model, what is a
proper response when an unstructured problem is presented?
A.
Frame alternatives
B.
Implement a decision
C.
Measure the impact of a decision
D
.
Frame the problem
E.
Make the decision
3) Bill Simmons is the manager of a small restaurant and must decide
how much money he owes his suppliers. The best way for Bill to
approach this as a critical thinker is to
A.
weigh the consequences of this decision
B
collect and analyze the evidence

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.
C.
identify opportunities and obstacles
D.
understand different perspectives on the issue
4) A critical thinker balances effectiveness and efficiency when deciding
how to approach a problem. Depending upon the situation, a proper
approach may be to do nothing, to use a ready-made solution, or to
design a custom made solution. Choosing a ready-made solution, rather
than designing a custom made solution, implies
A.
more time spent evaluating alternatives
B.
increased costs
C.
greater specificity to the circumstances of the current problem
D
.
time savings
E.
gathering diverse perspectives
5) Jane has a term paper due, a sick child who needs her attention, and
a major project due at work. To save time, she decides to submit a
paper for school that is less than her best, but will earn a passing grade.
The best description of Jane’s approach is
A.
analyzing
B.
optimizing
C
.
satisficing
D.
creativity
6) When faced with a decision opportunity, a critical thinker must sort
through a variety of readily apparent symptoms in order to focus on
important considerations that may be hidden. Based on the decision

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