Unit 2: Managers, Leaders and Decision Making

It is easy to collect data and produce reliable results from scientific decision making.

• True

• False

Which of the following is not an influence on stakeholder relationships?

• Culture

• Objectives

• Market Conditions

• Government Policy

Which of the following does not form the axes of the stakeholder mapping matrix?

• Impact

• Interest

• Power

• Desire

Which of the following is not an internal influence on stakeholder relationships?

• Management and leadership style

• Stakeholder Power

• Size / ownership of business

• Business objectives

Decision Trees make managers account for risks

• True

• False

Which of the following is not an internal stakeholder?

• Employees

• Managers

• Shareholders

• Suppliers

Which of these are not in the Tannenbaum Schmidt Continuum?

• Tells

• Consults

• Creates

• Joins

Decision Trees only include quantifiable data

• True

• False

What is an opportunity cost?

• The next best alternative forgone when a choice is made

• The financial implications of taking a risk based decision

What is stakeholder engagement?

• The relative power and influence of each stakeholder in a business.

• Communicating with stakeholders

• The level of interest in a business

• Involving stakeholders in the decision making process