FA 3 Flashcards
Which of the following is a feature of the quantitative approach to management?
Use of mathematical models for decision-making
The ability to analyze data and apply it to decision-making is part of:
Analytical skills
The effectiveness of a decision depends on:
The quality of the information available.
Which function of management focuses on inspiring and guiding employees?
Leading
Which decision-making technique involves assigning probabilities to possible outcomes?
Decision tree analysis
The process of decision-making typically ends with:
Evaluation and feedback.
Max Weber’s concept of bureaucracy emphasizes:
Efficiency through structured hierarchies and rules.
A decision matrix helps in:
Comparing multiple options using weighted criteria.
A SWOT analysis is used to:
Evaluate internal and external factors affecting a decision.
Decision-making in management involves:
Choosing from alternative courses of action.
Which type of decision requires creative problem-solving?
Non-programmed decisions
The first step in the management process is:
Planning
Which management theory emphasizes efficiency through standardization?
Scientific management
The behavioral approach to management focuses on:
Understanding human relations and motivation.
The contingency approach to management suggests that:
Management strategies depend on situational factors.
Brainstorming is most effective in which stage of decision-making?
Generating alternatives
An effective manager is someone who achieves goals by:
Maximizing efficiency and effectiveness.
Which statement is TRUE about management?
It involves working with and through people.
The management process is considered dynamic because:
It adapts to changes in the business environment.
Management is considered effective when:
The organization achieves its goals.
