The interim action is a decision making strategy that allows the decision-maker to _____.
Question:
The interim action is a decision making strategy that allows the decision-maker to _____.
A) complete the decision-making process immediately
B) select another process to make the decision
C) postpone the decision until a later date
D) none of the above
Strategy:
A strategy is an unavoidable portion of planning that produces to fulfill a definite purpose of the organization. Generally, a strategy is developed through the brainstorming process of the management's top-level executives.
Answer and Explanation:
The correct option is C.
Option C is correct because interim action postpones the decision in order to stabilize the situation and maintain organizational effectiveness.
Option A, Option B and Option D are incorrect because these options do not represent the accurate meaning of interim action role in decision-making strategy.
Ask a question
Our experts can answer your tough homework and study questions.
Ask a question Ask a questionSearch Answers
Learn more about this topic:
Get access to this video and our entire Q&A library
Decision Making: Skills & Techniques
from
Chapter 6 / Lesson 17
43K
Discover the definitions of decision-making skills and explore the various techniques in the decision-making process. Learn how to improve decision-making skills.
Related to this Question
- Strategic management is the set of managerial decisions and actions that determine the long-run performance of a corporation. Which one of the following is NOT one of the basic elements of the strategic management process? A) strategy formulation B) stra
- The political decision making model is best used for: A. programmed decisions. B. a variety of decisions. C. certain decisions. D. non-programmed decisions.
- Actions that a decision-maker can compromise with established boundaries are called: a. Compromising actions b. Negotiated actions c. Discretionary actions d. Stakeholder actions
- Which decision making approach incorporates emotions, politics, practical considerations, and the systematic weighing of options? a) Rational decision making. b) Naturalistic decision making. c) Organizational psychology-based decision making. d) Behavior
- If a requisite decision model is obtained, this means that A) The decision maker has enough guidance to reach a decision.
- Strategic management is defined as: A) those decisions and actions where organizational members analyze the current situation and develop appropriate strategies B) putting those strategies into action C) evaluating and changing those strategies as needed
- Decisions that have long-term perspectives of two to five years and affect the entire organization are: A) operational decisions. B) strategic decisions. C) programmed decisions. D) tactical decisions.
- Analytics is the science of: A. fact-based decision making B. qualitative decision making C. decision making D. numeric decision making
- The strategy implementation tool used to determine what actions are going to be taken, by whom, during what time frame, and with what expected results is called a(n) A) mission statement. B) action plan. C) MBO. D) TQM. E) succession plan.
- A major accounting contribution to the managerial decision-making process in evaluating possible courses of action is to: a. assign responsibility for the decision. b. provide relevant revenue and cost data about each course of action. c. determine the am
- Strategic goals can be accomplished through defining an action plan. Which one of the following is not one of the components which make up an action plan? A) the specific actions to be taken B) who will perform the action C) during what time frame the
- According to the online dictionary website Business Dictionary, the decision point is the latest moment at which a predetermined course of action is (or must be) initiated. This decision point challenges people to imagine themselves in the position of an
- Describe the type of task involved and who the typical decision maker is for programmed and non-programmed decision.
- What step in the strategic management process involves mobilizing employees and managers to put strategies into action? A) Strategy formulation B) Strategy evaluation C) Strategy implementation D) Strategic advantage E) Competitive advantage
- A(n) ________ decision is a repetitive decision that can be handled by a routine approach. A) non-programmed B) structured C) unstructured D) programmed
- Multi-attribute decision making entails a. Having more than two people involved in the decision process b. Developing a sense of what the average decision maker would do under multiple circumstances
- The agreed starting point for decision making within the firm is called: a. strategic planning b. strategic decision-making c. basic assumptions d. initial cognition
- A "defining moment" refers to: a. the decision-maker defining the different course of action b. the decision-maker defining what is ethical and unethical c. the decision-maker defining what is ethical based on a specific set of circumstances d. the de
- The first step in the rational decision model is: a. choosing a preferred course of action b. recognizing and defining the problem or opportunity c. identifying the alternative courses of action d. evaluating the results e. implementing the preferred cour
- What role does ability, willingness, insight, and commitment play in the decision-making process? How can constraints and other underlying elements complicate the decision-making process?
- What is the final stage in the Rational Decision Making Process? a. choose the best alternative b. implement the decision and monitor the results c. evaluate alternatives d. set goals
- What is the essence of strategy formulation in an organization and how to gain and sustain competitive advantages to enhance the quality of strategic decision? There are a variety of strategies stri
- What can be defined as the art and science of formulating, implementing and evaluating cross-functional decisions that enable an organization to achieve its objectives? A) Strategy formulation B) Strategy evaluation C) Strategy implementation D) Strategic
- The analytical model of the decision-making process focuses on which key aspects of decision-making: a) heuristic and programming. b) the style and the system used. c) who and how. d) formulation and implementation.
- Which type of manager is responsible for implementing the strategies, policies, and decisions made by top managers?
- [{Blank}] is deciding what to do and [{Blank}] is the process of executing what you planned to do. A) Strategy implementation; strategy formulation B) Strategic thinking; strategy implementation C) Strategy formulation; strategy implementation D) Strategy
- Does business intelligence improve decision making?
- Select a current issue facing a business or organization. Imagine that you have been tasked with choosing a course of action to help resolve the issue. Using the six step decision making process as yo
- Situations with important consequences for the organization that are poorly defined and unstructured are _______. A) tactical decisions B) programmed decisions C) operational decisions D) non-programmed decisions
- In order to maintain its competitive advantage over time, an organization needs to make a number of strategic decisions. This competitive strategy influences and modifies many activities, including th
- Which of these is NOT one of the 10 strategic Operations Management (OM) decisions? A. marketing B. scheduling C. layout strategies D. managing quality
- In the decision-making model outlined in your textbook, what is the first step in making a decision? A) Option Implementation B) Problem Recognition C) Objective Setting D) Problem Definition
- Decisions that are structured are at the: A. operational level B. strategic level C. executive level D. managerial level
- How is prototyping helpful for making decisions? a) By looking for context and that can more fully inform your decision making. b) By going with what your mind automatically jumped to, prototypes speed up decision making. c) By categorizing the situation
- In the managerial hierarchy of decision making, ______ is depicted at the top-most level because it occurs first. a. tactics b. implementation c. iterative planning d. strategic
- What are examples of effective leadership techniques for team decision-making? What are examples of strategies for avoiding potential liabilities in team decision-making (e.g., groupthink)?
- In the ___ leadership style, the leader shares ideas with subordinates, gives them a chance to participate, and facilitates decision making. a. delegating b. participating c. selling d. telling
- Which type of board of directors has a proactive role within the decision-making process? a. proactive b. operating c. intervening d. engaged
- The steps in management's decision-making process are listed in random order below. Indicate the order in which the steps should be executed : - Make a decision - Review results of the decision - Id
- Provide examples of decisions made at the strategic management level, operational management level and managerial management level.
- Which of the following is an advantage of group decision-making? A. It is easy to execute because getting two or more managers to agree on a solution is relatively simple. B. It allows managers to take decisions within relatively short periods of time c
- If decision makers do not bear the major wealth effects of decisions, then: a) separate decision makers must hold decision management and decision control. b) decision management is clearly integrated
- Which of the folllowing is not a type of decision making styles discussed in the text: a.) Leadership structured decision making b.) Autocratic decision making c.) Democratic decision making
- Identifying a problem and matching it with established routines and procedures for resolving it is a(n): A) tactical decision. B) programmed decision. C) operational decision. D) non-programmed decision.
- Who has strategy execution responsibility and who is ultimately responsible for making sure that the task of implementing and executing the strategy goes well?
- Esther's goal is to save $1000. Review Esther's thought process and determine which decision-making strategy she is utilizing.
- With which phase of strategic management is most strongly associated with "action"? A) Strategy formulation B) Strategy implementation C) Strategy evaluation D) Competing advantages E) Measuring performance
- .................. is a decision-making process that focuses on the future of an organization and how it will achieve its goals. A) Planning\\ B) Programming\\ C) Implementation \\D) Budgeting
- When John draws on well-developed procedures in his job of grocery store inventory clerk to determine which products to stock first, he is making which type of decision? A) Tactical decision B) Programmed decision C) Operational decision D) Non-programmed
- A company's strategy represents a managerial commitment to an integrated array of considered choices about how to compete. This includes the choice about how to capitalize on attractive opportunities
- 16. Which frame interprets decision making as " an open process to produce commitment a) Structural b) human resource c) political d) symbolic 17. which frame interprets strategic planning as " a
- A key premise of the behavioral economics perspective on decision making is that: a) When making decisions, people optimize the returns they achieve. b) People seldom approach decision making rational
- Identify the critical operations decision areas in an organization and discuss the responsibilities of an operations manager while addressing these decisions.
- Which decision-making style focuses on facts to be decisive and action oriented? a. Directive b. Analytical c. Conceptual d. Behavioral e. Dominating
- An example of a corporate strategy would involve A) the decision to increase the price of the Hummer. B) the decision to spin Taco Bell off from Pepsi. C) the decision to combine marketing functions in the Northeast and the Southeast. D) the decision to i
- The strategy where a firm sells off a business decision is referred to as ___. A) inverted alliance B) dispossession C) divestiture D) reverse acquisition
- The approach to determine the optimal decision strategy involves: a. choosing the outcome of a chance event with the greatest probability b. a backward (right to left) pass through the decision tree c. choosing the outcome of a chance event with the great
- Basing managerial decisions on the best available scientific support is called ________.A) intuition B) organizational process C) organizational behavior D) evidence-based management E) conceptual management
- __________ is consistent with the rational model where a decision is approached in a step-by-step and analytical fashion. a. Scientific thinking b. Strategic thinking c. Systematic thinking d. Irrational thinking e. Satisficing
- Strategy analysis and choice largely involves making ________ decisions based on ________ information. A) long-term; short-term B) subjective; objective C) short-term; long-term D) subjective; short-term E) objective; subjective
- A. Using the decision making under uncertainly with the criterion of Maximax. The appropriate decision will be The value of the return under this decision is B. Using the decision making under uncerta
- The minimax regret criterion is _____. a. a weighted averaging approach to decision making b. an opportunity loss approach to decision making c. a pessimistic approach to decision making d. an optimistic approach
- Do corporate decisions affect individual behaviors?
- ________ is the process of formulating, implementing, and evaluating decisions that enable an organization to achieve its objectives. A) Strategic planning B) Doomsday management C) Top-down management D) Competitive global expansion
- __Business__ strategy concerns: A. the actions and approaches crafted by management to produce successful performance in one specific line of business. B. what set of businesses to be in and why. C. selecting a business model to use in pursuing business
- The lack-of-participation error occurs in which phase of the rational decision model? a. evaluating results b. identifying alternatives c. implementing preferred course of action d. choosing a preferred course of action e. recognizing the problem
- Which type of board is actively involved in all the major decisions of the firm? A. Proactive B. Operating C. Intervening D. Engaged
- Habitual decision making: a. engages when the decision is of a high-risk nature. b. engages when the decision is of a high uncertainty. c. involves little or no conscious effort. d. involves extensive thought and planning. e. involves the offer of mo
- The ________ approach to ethical decision making focuses on the equity of processes and outcomes.
- Which of the following is not an example of a strategic process? A) forced-choice model B) leadership C) Hoshin planning D) supply chain strategy E) product development
- A strategy aimed at influencing key stakeholders is a a. corporate strategy. b. business strategy. c. political strategy. d. functional strategy. e. horizontal strategy.
- Which of the following is an aspect of intuition? A) experienced-based decisions B) quality-initiated decisions C) science-based decisions D) programmed decisions
- In the {Blank} decision-making style, the leader makes the decision without input from subordinates. A. autocratic B. democratic C. consultative D. delegated
- A specific performance criterion upon which a decision can be based is called a(n): a. managerial action standard b. managerial benchmark c. unit of analysis d. standardized variable
- Which decision-making style requires no participation from subordinates? a. Discover facts and decide b. Consult and decide c. Decide and persuade d. Group decision
- Which of the following is the final step in the decision-making process? a. take action b. implement the selected alternative c. select the most beneficial alternative d. gather feedback to find out if the problem is solved e. identify organizational obje
- [{Blank}]refers to how costly it is for a firm to alter its strategic and organizational decisions. A) Flexibility B) Dynamic capability C) Opportunism D) Uncertainty
- Does contingency planning facilitate the transition to crisis action planning?
- The term used in strategy implementation that describes a statement of activities or steps needed to accomplish a single-use plan and whose use is to make the strategy action-oriented is: A) Program. B) Guidelines. C) Budgets. D) Course of action. E)
- The type of strategy used to influence a corporation's key stakeholders in order to increase their support of corporate activities is A) cooperative strategy. B) political strategy. C) competitive strategy. D) marketing strategy. E) profit strategy.
- Organizational strategy is typically defined as a set of actions that managers take to outperform the organization's competitors and achieve profitability and sustainability. In considering the afore
- _____ decisions are decisions that become somewhat automatic because people's knowledge allows them to recognize and identify a situation and the course of action that needs to be taken. A. Programmed B. Unstructured C. Indirect D. Spontaneous E. Surface
- The specific actions a firm takes to implement its strategies are known as A) competitive advantages. B) objectives. C) goals. D) tactics.
- A mixed strategy may: a. be part of a Nash equilibrium. b. be a set of probabilities of selecting each possible action. c. lead identical firms to choose different actions. d. All of these.
- The ability of a corporation to shift from one dominant strategy to another is called A) strategy implementation. B) chaos formulation. C) contingency management. D) logical incrementalism. E) strategic flexibility.
- The notion that decision makers simply do not have the ability or resources to process all available information and alternatives to make an optimal decision refers to: A. management by exception. B. communities of practice. C. bounded rationality. D. pro
- Business strategy is composed of A. corporate and competitive strategy. B. functional and divisional strategy. C. competitive and cooperative strategy. D. corporate and cooperative strategy. E. divisional and competitive strategy.
- With the task listed in the strategy-making, strategy-execution managerial process, which will make up the company's strategic plan? Enumerate what would it consists of.
- In the final phase of strategic management, strategic information is available to A) people throughout the organization. B) the top management responsible for decision making. C) middle management. D) operational personnel. E) only those responsible
- In the context of business management, explain the relationship between objectives, problem-solving, and decision-making.
- Which of the following is a vision skill exhibited by a leader? A) decision-making B) identifying opportunities C) risk-taking D) conflict management E) time management
- A sequential set of analyses and choices that can increase the likelihood that a firm will choose a strategy that generates competitive advantages is the A) organizational change process. B) strategic management process. C) mission statement process. D) g
- Which one of the following results from the latest decision round are least important in providing guidance to company managers in making their strategic moves and decisions to improve their company's
- [{Blank}] is a procedure that allows employees to voice their reactions to management practices and to challenge management decisions.
- The technique of brainstorming and "Blast! Then Refine" would be helpful to use during which step in the managerial decision-making process? *a. Implementing the solution *b. Identifying the problem or opportunity *c. Selecting an alternative *d. Evalua
- Once a manager recognizes the ethical dimensions involved in a dilemma or decision, his/her next step in establishing a workable ethical framework to guide him/her would be to: A) identify key stakeholders and assess how the decision will affect them. B)
- Lead time for completion of a job is a function of both: a) Capacity and demand b) Demand and priority decisions c) Capacity and priority decisions d) Capacity and supply decisions e) None of the above
- A maximizer is someone who _____. a. wants to make the best possible decision b. is less likely to be satisfied with the decisions s/he makes c. is more likely to get frustrated with the decision-making process d. all of the above
- In a managerial communication plan, explain the procedures for communications involving conflict management and decision making.
Explore our homework questions and answers library
Browse
by subject