Question 1

The _____ represents a decision maker's tendency to base decisions on information that is readily available in memory.

Accepted Answer

A)   escalation of commitment
B)   representative heuristic
C)   hindsight bias
D)   overconfidence bias
E)   availability heuristicF) C) and D)
G) A) and E)

Question 2

Ivan has decided to buy a Porsche Cayenne and is reading up about why it is an excellent vehicle for his use.He is avoiding any information about possible competitors to the vehicle.He is deciding using an anchoring bias.

Accepted Answer

A) True 
 B)False

Question 3

During the incubation phase of creativity,an individual focuses on the problem at hand.

Accepted Answer

A) True 
 B)False

Question 4

The four decision-making styles are:

Accepted Answer

A)   directive,analytical,conceptual,and behavioral.
B)   rational,normative,intuitive,and perceptive.
C)   assertive,aggressive,non-assertive,and instinctive.
D)   appreciative,evaluative,discerning,and empathetic.
E)   holistic,automated,tacit,and explicit.F) D) and E)
G) A) and D)

Question 5

_____ involve(s) "making remote associations" between unconnected events,ideas,and information stored in memory,or physical objects.

Accepted Answer

A)   Creativity
B)   Intuition
C)   Feelings
D)   Satisficing
E)   OptimizingF) B) and E)
G) B) and C)

Question 6

According to research,most managers have characteristics that fall into two or three decision-making styles.

Accepted Answer

A) True 
 B)False

Question 7

Viatus Corp.creates detailed manuals to share the knowledge of its crop modification procedures among employees.They are said to be sharing tacit knowledge.

Accepted Answer

A) True 
 B)False

Question 8

The tendency to stick to an ineffective course of action when it is unlikely that the bad situation can be reversed refers to:

Accepted Answer

A)   escalation of commitment bias.
B)   anchoring bias.
C)   framing bias.
D)   hindsight bias.
E)   overconfidence bias.F) D) and E)
G) B) and E)

Question 9

Tobit is a careful decision maker.He likes ambiguous situations and is comfortable when dealing with something new or uncertain.He can be described as having a(n) _____ style of decision-making.

Accepted Answer

A)   behavioral
B)   analytical
C)   directive
D)   conceptual
E)   perceptualF) None of the above
G) C) and D)

Question 10

Which of the following is a disadvantage of group-aided decision making?

Accepted Answer

A)   Logrolling
B)   Greater pool of knowledge
C)   Greater comprehension
D)   Training ground
E)   Increased acceptanceF) B) and E)
G) A) and D)

Question 11

Which of the following is true of brainstorming?

Accepted Answer

A)   Idea generation in the group occurs loudly.
B)   Groups focus on a limited number of ideas.
C)   The aim is quality over quantity.
D)   Evaluating solutions is not appropriate.
E)   There are multiple interruptions and criticism.F) B) and D)
G) A) and D)

Question 12

Which of the following models is said to be the conceptual anchor for newer models of decision-making?

Accepted Answer

A)   Perceptual model
B)   Rational model
C)   Normative model
D)   Contact model
E)   Garbage can modelF) A) and E)
G) B) and E)

Question 13

In a complex context,decision makers:

Accepted Answer

A)   use a rational model,gather information,categorize it,and respond in an established way.
B)   do not always see a clear relationship between cause-and-effect and find multiple solutions effective.
C)   do not see a pattern as cause-and-effect relationships are changing quickly.
D)   do not understand cause-and-effect relationships as there are many unknowns.
E)   have stable cause-and-effect relationships which allow for the best answer to be discerned.F) A) and C)
G) A) and B)

Question 14

Define escalation of commitment.Give an example of escalation of commitment in an organizational setting.

Accepted Answer

Escalation of commitment refers to stick...

Question 15

The first step in the rational model of decision making is to:

Accepted Answer

A)   decide whether to optimize or satisfy.
B)   generate alternatives.
C)   evaluate the restrictions and resources.
D)   consider the personal characteristics.
E)   identify the opportunity.F) B) and D)
G) All of the above

Question 16

Research shows that overoptimism significantly influences entrepreneurs' decisions to start and sustain new ventures.

Accepted Answer

A) True 
 B)False

Question 17

The _____ model of decision making attempts to explain how problems,solutions,participants,and choice opportunities interact and lead to a decision.

Accepted Answer

A)   garbage can
B)   rational
C)   normative
D)   contact
E)   optimizingF) B) and C)
G) None of the above

Question 18

Groupthink and logrolling are the advantages of group-aided decision making.

Accepted Answer

A) True 
 B)False

Question 19

Despite criticism for being unrealistic,the rational model of decision making is instructive because it analytically breaks down the decision-making process and serves as a conceptual anchor for newer models.

Accepted Answer

A) True 
 B)False

Question 20

Describe what guidelines a manager should use to determine whether groups should be included in the decision-making process.

Accepted Answer

The following three guidelines may then ...

Exam 10: Making Decisions

The tendency to stick to an ineffective course of action when it is unlikely that the bad situation can be reversed refers to:

Correct AnswerverifiedShow Answer

During the incubation phase of creativity,an individual focuses on the problem at hand.

Correct AnswerverifiedShow Answer

Which of the following is true of brainstorming?

Correct AnswerverifiedShow Answer

Describe what guidelines a manager should use to determine whether groups should be included in the decision-making process.

Correct AnswerverifiedThe following three guidelines may then ...View AnswerShow Answer

The _____ model of decision making attempts to explain how problems,solutions,participants,and choice opportunities interact and lead to a decision.

Correct AnswerverifiedShow Answer

Ivan has decided to buy a Porsche Cayenne and is reading up about why it is an excellent vehicle for his use.He is avoiding any information about possible competitors to the vehicle.He is deciding using an anchoring bias.

Correct AnswerverifiedShow Answer

Viatus Corp.creates detailed manuals to share the knowledge of its crop modification procedures among employees.They are said to be sharing tacit knowledge.

Correct AnswerverifiedShow Answer

In a complex context,decision makers:

Correct AnswerverifiedShow Answer

Which of the following is a disadvantage of group-aided decision making?

Correct AnswerverifiedShow Answer

Despite criticism for being unrealistic,the rational model of decision making is instructive because it analytically breaks down the decision-making process and serves as a conceptual anchor for newer models.

Correct AnswerverifiedShow Answer

_____ involve(s) "making remote associations" between unconnected events,ideas,and information stored in memory,or physical objects.

Correct AnswerverifiedShow Answer

According to research,most managers have characteristics that fall into two or three decision-making styles.

Correct AnswerverifiedShow Answer

Define escalation of commitment.Give an example of escalation of commitment in an organizational setting.

Correct AnswerverifiedEscalation of commitment refers to stick...View AnswerShow Answer

Research shows that overoptimism significantly influences entrepreneurs' decisions to start and sustain new ventures.

Correct AnswerverifiedShow Answer

The four decision-making styles are:

Correct AnswerverifiedShow Answer

Tobit is a careful decision maker.He likes ambiguous situations and is comfortable when dealing with something new or uncertain.He can be described as having a(n) _____ style of decision-making.

Correct AnswerverifiedShow Answer

Which of the following models is said to be the conceptual anchor for newer models of decision-making?

Correct AnswerverifiedShow Answer

The first step in the rational model of decision making is to:

Correct AnswerverifiedShow Answer

Groupthink and logrolling are the advantages of group-aided decision making.

Correct AnswerverifiedShow Answer

The _____ represents a decision maker's tendency to base decisions on information that is readily available in memory.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
The following three guidelines may then ...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Escalation of commitment refers to stick...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified