MGT 350 Course: Critical Thinking and Decision Making, Quizzes of Principles of Accounting

Download MGT 350 Course: Critical Thinking and Decision Making and more Quizzes Principles of Accounting in PDF only on Docsity! TERM 1 MGT 350 Entire Course DEFINITION 1 MGT 350 Week 1 Critical Thinking and the Decision Making Process MGT 350 Week 1 DQ 1 MGT 350 Week 1 DQ 2 MGT 350 Week 2 LT Thinking and Decision Making MGT 350 Week 2 DQ 1 MGT 350 Week 2 DQ 2 MGT 350 Week 3 Individual assignment Decision in Paradise 1 MGT 350 Week 3 LT Problem Formulation and Identification Paper MGT 350 Week 3 DQ 1 MGT 350 Week 3 DQ 2 MGT 350 Week 4 individual assignment Decision in paradise II MGT 350 Week 4 LT Problem Formulation Presentation MGT 350 Week 4 DQ 1 MGT 350 Week 4 DQ 2 MGT 350 Week 5 Individual assignment Decisions in Paradise III MGT 350 Week 5 LT Thinking Critically Simulation Review TERM 2 MGT 350 Final Exam Guide 1 DEFINITION 2 ) 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 regression analysis B. a Stakeholder Analysis C. a Pareto Chart D. pre-opening checklist E. a SWOT Analysis 3) When facing a critical decision, a manager should use critical thinking in order to ______ uncertainty A. eliminate B. increase C. reduce D. randomize 4) Kathy is a manager deciding between two applicants for a position reporting to her. One applicant for the position is a close personal friend of Kathys. Because Kathy is concerned that self serving bias may influence her to incorrectly see her friend as the best candidate, she should TERM 3 MGT 350 Final Exam Guide 2 DEFINITION 3 Critical thinking may be stored for use in future decision making. Examples of mechanisms used to store critical thinking for future programmed decisions include 2. When facing a critical decision, a manager should use critical thinking in order to ______ uncertainty 3. 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? TERM 4 MGT 350 Final Exam Guide 3 DEFINITION 4 Critical thinking may be stored for use in future decision making. Examples of mechanisms used to store critical thinking for future programmed decisions include 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? 3) Decision opportunities arise when problems or opportunities are recognized through critical thinking. Which of the following components may be a reason that managers ignore problems? 4) 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 step TERM 5 MGT 350 Final Exam Guide 4 DEFINITION 5 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 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? 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 TERM 6 MGT 350 Final Exam Guide 5 DEFINITION 6 1) Decision opportunities arise when problems or opportunities are recognized through critical thinking. Which of the following components may be a reason that managers ignore problems? A. A lack of intellectual empathy makes it difficult to recognize stakeholder considerations. B. The managers sense of urgency toward problems precludes action. C. The manager prefers risk over certainty. D. Some businesses exist in a problem free environment. E. The manager is exercising intellectual courage in the face of resistance to problem solving. 2) 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. collect and analyze the evidence B. identify opportunities and obstacles C. understand different perspectives on the issue D. wei TERM 7 MGT 350 Final Exam Guide 6 DEFINITION 7 Decision opportunities arise when problems or opportunities are recognized through critical thinking. Which of the following components may be a reason that managers ignore problems? A. The managers sense of urgency toward problems precludes action. B. The manager is exercising intellectual courage in the face of resistance to problem solving. C. A lack of intellectual empathy makes it difficult to recognize stakeholder considerations. D. Some businesses exist in a problem free environment. E. The manager prefers risk over certainty. 2) Critical TERM 8 MGT 350 Final Exam Guide 7 DEFINITION 8 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 regression analysis B. a Pareto Chart C. a SWOT Analysis D. a Stakeholder Analysis E. a troubleshooting decision tree 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. Fram TERM 9 MGT 350 Final Exam Guide ALL 7 Sets DEFINITION 9 This tutorial contains 7 sets of MGT 350 Final Exams TERM 10 MGT 350 Week 1 Critical Thinking and the Decision Making Process DEFINITION 10 Critical Thinking Application Paper (60 points). This paper should be posted as a Microsoft Word attachment in the Individual Forum and should adhere to APA formatting style. Using various sources (textbook, , Internet, University Library, and your own experience), prepare a 700-1,050-word paper in which you describe critical thinking. In your paper, provide an example from your personal experience in applying critical thinking to a work related decision, and the importance and benefits of critical thinking in the decision-making processes. Be sure to properly cite at least two different references. Be prepared to discuss this assignment in class. TERM 21 MGT 350 Week 3 LT Problem Formulation and Identification Paper DEFINITION 21 Problem Formulation and Identification Paper Each Learning Team member will investigate and observe the decision-making processes most prevalent in their organization. As a Learning Team, collate, and compare and contrast the findings from individual team members. Prepare a 1,050-1,400-word paper in which you compare and contrast the problem identification and formulation styles in your teams organizations. Specifically discuss the strengths and weaknesses found in each style. Consider the most favorable aspects of each style discussed to describe a process by which a problem can be identified and described to stakeholders in a manner that is sensitive to their perspectives. TERM 22 MGT 350 Week 3 summary DEFINITION 22 MGT 350 Week 3 summary TERM 23 MGT 350 Week 4 DQ 1 DEFINITION 23 In the past few years we have been observing a number of companys top executives being accused of ethical lapses. If you were the ethical officer of your company how would you implement an effective ethical plan to avoid issues like these from happening? TERM 24 MGT 350 Week 4 DQ 2 DEFINITION 24 Identify some risky decisions you have made. Why did you take the risks? How did they work out? Looking back, what did you learn? TERM 25 MGT 350 Week 4 individual assignment Decision in paradise II DEFINITION 25 Decisions in Paradise, Part II During Week Four, you will continue working with the Business Scenario Decisions In Paradise and build upon your assignment from Week Three, where you began development of a response to the scenario. For the Decisions in Paradise Part II complete the following items: a. Read the Business Scenario Decisions in Paradise. b. You are Nik, and your employer is the organization represented by Alex, Nik, and Chris. c. Use your Week Three assignment as foundation for this next assignment. Using the information from the case, materials from the course, independent research, and the mission of your current organization, and your Week TERM 26 MGT 350 Week 4 LT Problem Formulation Presentation DEFINITION 26 Problem Formulation and Identification Presentation Prepare a PowerPoint slide show consisting of 10-15 slides with speaker notes summarizing your findings of your Week Three Learning Team assignment, "Problem Formulation and Identification Paper." In your presentation, be sure that each team member describes the decision-making processes most prevalent in their organizations and that the strengths and weaknesses of each style are summarized. Finally, for each problem identification style, provide an example of how a problem statement could be prepared so that the problem could be identified to stakeholders in a manner that is sensitive to their needs and perspectives. TERM 27 MGT 350 Week 4 summary DEFINITION 27 MGT 350 Week 4 summary TERM 28 MGT 350 Week 5 Individual assignment Decisions in Paradise III DEFINITION 28 Decisions in Paradise Part III In Week Five, you will continue working with the Business Scenario Decisions in Paradise and build upon your assignment from Weeks Three and Four where you began development for a response to the scenario. For the Decisions in Paradise Part III complete the following items: a. Read the Business Scenario Decisions in Paradise. b. You are Nik, and your employer is the organization represented by Alex, Nik, and Chris. c. Use your Week Three and Four assignments as the foundation for the current assignment. d. Using the information from the case, materials from the course, independent research, the mission of your current organization, and your Week Three and Four assignments, to prepare a 1,050-1,750-word paper, which you describe your rationale and plan for implementation for the proposed solution(s) for your organization to establish a greater presence on Kava by: 1) Determine factors affecting decision implementation in an organization and your proposed solution(s) 2) Evaluate resources and actions required for decision implementation of your proposed solution(s) 3) Evaluate the ethical implications from stakeholders perspectives of your proposed solution(s) TERM 29 MGT 350 Week 5 LT Thinking Critically Simulation Review DEFINITION 29 Thinking Critically Simulation Review a. Using the link provided on your page, individually complete the Thinking Critically Simulation. Be sure to have access to the following documents located on the page to assist in completing this assignment: 1) "Problem Solving Tools and Techniques" 2) "Decision Making Steps" 3) "Decision Making Worksheet" b. As a team, discuss your impression of the simulation and the findings you have recorded on the three documents listed above. Prepare a 1,050-1,400-word paper in which you summarize the content of the simulation and provide responses to the following questions: 1) What problem evaluation tools and techniques were encountered in the simulation and how do they differ from the tools and techniques that you would have used in this situation? Describe the evaluation tools and techniques that you would have applied. 2) How did these techniques assist with the evaluation of decision- making processes and outcomes? What was the outcome reached in the simulation and what changes in your decision making techniques would have generated