All India Management Association (AIMA) 2007 M.B.A Marketing Management Introduction to Management - I - Question Paper

the managerial decision-making process?
(a) Identifying resources and constraints
(b) Identifying a issue
(c) Analyzing options
(d) Allocating weights to the criteria
(e) Developing decision criteria.


51. Brainstorming is a creative decision-making technique used for
(a) Generating option and unusual solutions
(b) Evaluating options
(c) Identifying resources and constraints
(d) Selecting the best option
(e) Implementing the solution.


52. The concepts of “minimax” and “maximin” are used in which of the subsequent decision-making
techniques
(a) Utility Theory
(b) Game Theory
(c) Preference Theory
(d) Simulation
(e) Ratio Analysis.


53. Centralization is the systematic and consistent reservation of authority at central points within an
organization. Which of the subsequent characteristics makes centralization more appropriate?
(a) The environment is complex and uncertain
(b) Decisions are relatively minor
(c) Lower level managers are capable and experienced decision-makers
(d) The company is geographically dispersed
(e) When an organization is built by an individual’s effort.


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54. “Only employees with top-secret clearance may enter the sealed room” is an example of a
(a) Rule
(b) Procedure
(c) Policy
(d) Norm
(e) Program.


55. The _____ structure is an organization design made up of self-contained units.
(a) Functional
(b) Simple
(c) Divisional
(d) Matrix
(e) Network.


56. Sanjay, Assistant Manager, Operations, of a retail chain is bogged down by the day to day activities as he
is hard pressed for time. He therefore, puts in the lowest possible effort only enough to decrease the issues
he faces to a tolerable level. The decision making model adopted by Sanjay can be defined as
(a) Incremental model
(b) Irrational model
(c) Garbage-can model
(d) Satisficing model
(e) Bounded rationality model.

Earning:   Approval pending.