Question 1

What business relies heavily on crowdsourcing?

Accepted Answer

A) Automobile 
B) Restaurant 
C) Healthcare 
D) Fashion 
E) Education 
A) Automobile 
B) Restaurant 
C) Healthcare 
D) Fashion 
E) Education

Question 2

Much social science research is underappreciated by managers.

Accepted Answer

A) True 
 B)False

Question 3

What sources of evidence are most useful at the information search and solution evaluation stages of the decision cycle?

Accepted Answer

A) Harder sources of evidence 
B) Expert judgment 
C) Professional judgment 
D) Softer sources of evidence 
E) Management judgment 
A) Harder sources of evidence 
B) Expert judgment 
C) Professional judgment 
D) Softer sources of evidence 
E) Management judgment

Question 4

An Economic Person does NOT

Accepted Answer

A) make rational decisions. 
B) make decisions like the average consumer or manager. 
C) use economic gain to evaluate the correctness of decisions. 
D) have adequate information to make good decisions. 
E) use logic in making decisions. 
A) make rational decisions. 
B) make decisions like the average consumer or manager. 
C) use economic gain to evaluate the correctness of decisions. 
D) have adequate information to make good decisions. 
E) use logic in making decisions.

Question 5

A study of 356 decisions in medium and large organizations found that ________ of the decisions made in organizations fail.

Accepted Answer

A) over 50 percent 
B) 10 percent 
C) half 
D) one third 
E) one quarter 
A) over 50 percent 
B) 10 percent 
C) half 
D) one third 
E) one quarter

Question 6

Sharon framed the problem as a choice between two losses.What is she likely to do now?

Accepted Answer

A) Make a conservative decision 
B) Ignore sunk costs 
C) Make a risky decision 
D) Ignore sample sizes 
E) Ignore economic considerations 
A) Make a conservative decision 
B) Ignore sunk costs 
C) Make a risky decision 
D) Ignore sample sizes 
E) Ignore economic considerations

Question 7

Which of the following is most accurate?

Accepted Answer

A) Individuals are more prone than groups to escalate commitment. 
B) Groups are more prone to escalate commitment than individuals. 
C) Individuals and groups are equally likely to escalate commitment. 
D) Individuals are more prone to escalate commitment than groups when the individual in question is personally responsible for the sunk costs. 
E) Escalation only occurs in competitive situations. 
A) Individuals are more prone than groups to escalate commitment. 
B) Groups are more prone to escalate commitment than individuals. 
C) Individuals and groups are equally likely to escalate commitment. 
D) Individuals are more prone to escalate commitment than groups when the individual in question is personally responsible for the sunk costs. 
E) Escalation only occurs in competitive situations.

Question 8

What is the difference between a well-structured problem and an ill-structured problem and what is the best way to solve each type of problem?

Accepted Answer

A well-structured problem is a problem f

Question 9

Analytics concerns finding meaningful patterns in large ________.

Accepted Answer

The answer of Analytics concerns finding meaningful patterns in large...

Question 10

Much of what passes for decision making in organizations consists of guessing what the boss favours.

Accepted Answer

A) True 
 B)False

Question 11

________ constitute assumptions and shortcuts that can improve decision-making efficiency but lead to serious errors in judgment.

Accepted Answer

The answer of ________ constitute assumptions and shortcuts that can...

Question 12

The automobile business relies heavily on crowdsourcing to guide its choice of designs for production.

Accepted Answer

A) True 
 B)False

Question 13

What does big data refer to?

Accepted Answer

A) Limited amounts of information that are often collected in real time and can come from a wide variety of sources, particularly digital 
B) Limited amounts of information that are often collected over time and can come from a wide variety of sources, particularly digital 
C) Copious amounts of information that are often collected over time and can come from a wide variety of sources, mostly from experts 
D) Copious amounts of information that are often collected in real time and can come from a wide variety of sources, particularly digital 
E) Copious amounts of information that are often collected in real time and can come from a wide variety of sources, mostly from experts 
A) Limited amounts of information that are often collected in real time and can come from a wide variety of sources, particularly digital 
B) Limited amounts of information that are often collected over time and can come from a wide variety of sources, particularly digital 
C) Copious amounts of information that are often collected over time and can come from a wide variety of sources, mostly from experts 
D) Copious amounts of information that are often collected in real time and can come from a wide variety of sources, particularly digital 
E) Copious amounts of information that are often collected in real time and can come from a wide variety of sources, mostly from experts

Question 14

You have just applied for a job and when completing the application form you were surprised to see questions about your age and marital status.Such questions would seem to violate equal employment and human rights legislation and not likely to be related to the job.It made you wonder why a company would ask these questions.What is a good explanation for this?

Accepted Answer

A) Difficulties of non-programmed decision making 
B) Bounded rationality 
C) Cognitive biases 
D) Information overload 
E) Difficulties of programmed decision making 
A) Difficulties of non-programmed decision making 
B) Bounded rationality 
C) Cognitive biases 
D) Information overload 
E) Difficulties of programmed decision making

Question 15

What is a strong cause of groupthink?

Accepted Answer

A) The group contains a devil's advocate. 
B) Conflict exists within the group. 
C) The group leader favours a particular decision. 
D) Group members feel too free to speak their minds. 
E) The absence of mindguards. 
A) The group contains a devil's advocate. 
B) Conflict exists within the group. 
C) The group leader favours a particular decision. 
D) Group members feel too free to speak their minds. 
E) The absence of mindguards.

Question 16

People in a bad mood are more likely to violate the rational model.

Accepted Answer

A) True 
 B)False

Question 17

In computer terminology, "garbage in" will result in "garbage out." This is used to describe

Accepted Answer

A) non-programmed decision making. 
B) programmed decision making. 
C) bounded rationality. 
D) escalation of commitment. 
E) satisficing. 
A) non-programmed decision making. 
B) programmed decision making. 
C) bounded rationality. 
D) escalation of commitment. 
E) satisficing.

Question 18

What are the disadvantages of group decision making?

Accepted Answer

A) Time, conflict, controversy, groupthink 
B) Time, conflict, domination, groupthink 
C) Time, controversy, domination, risk 
D) Conflict, controversy, domination, risk 
E) Time, controversy, domination, groupthink 
A) Time, conflict, controversy, groupthink 
B) Time, conflict, domination, groupthink 
C) Time, controversy, domination, risk 
D) Conflict, controversy, domination, risk 
E) Time, controversy, domination, groupthink

Question 19

What are the reasons for using groups to make organizational decisions?

Accepted Answer

A) Quality, acceptance and commitment, responsibility 
B) Quantity, acceptance and commitment, diffusion of responsibility 
C) Quality, acceptance and commitment, diffusion of responsibility 
D) Quality, quantity, acceptance and commitment 
E) Quantity, quality, diffusion of responsibility 
A) Quality, acceptance and commitment, responsibility 
B) Quantity, acceptance and commitment, diffusion of responsibility 
C) Quality, acceptance and commitment, diffusion of responsibility 
D) Quality, quantity, acceptance and commitment 
E) Quantity, quality, diffusion of responsibility

Question 20

Which of the following most clearly involves a decision program?

Accepted Answer

A) A medical ethics committee 
B) A task force to improve company image 
C) A standing order to a supplier 
D) A billion dollar investment decision 
E) A corporate merger 
A) A medical ethics committee 
B) A task force to improve company image 
C) A standing order to a supplier 
D) A billion dollar investment decision 
E) A corporate merger

What business relies heavily on crowdsourcing?

Much social science research is underappreciated by managers.

What sources of evidence are most useful at the information search and solution evaluation stages of the decision cycle?

An Economic Person does NOT

A study of 356 decisions in medium and large organizations found that ________ of the decisions made in organizations fail.

Sharon framed the problem as a choice between two losses.What is she likely to do now?

Which of the following is most accurate?

What is the difference between a well-structured problem and an ill-structured problem and what is the best way to solve each type of problem?

Analytics concerns finding meaningful patterns in large ________.

Much of what passes for decision making in organizations consists of guessing what the boss favours.

________ constitute assumptions and shortcuts that can improve decision-making efficiency but lead to serious errors in judgment.

The automobile business relies heavily on crowdsourcing to guide its choice of designs for production.

What does big data refer to?

What is a strong cause of groupthink?

People in a bad mood are more likely to violate the rational model.

In computer terminology, "garbage in" will result in "garbage out." This is used to describe

What are the disadvantages of group decision making?

What are the reasons for using groups to make organizational decisions?

Which of the following most clearly involves a decision program?

Organizational Behaviour and Management

Personality and Learning

Perception, Attribution, and Diversity

Values, Attitudes, and Work Behaviour

Theories of Work Motivation

Motivation in Practice

Groups and Teamwork

Social Influence, Socialization, and Organizational Culture

Leadership

Communication

Power, Politics, and Ethics

Conflict and Stress

Organizational Structure

Organizational Change, Development, and Innovation

Filters

Exam 11: Decision Making

What business relies heavily on crowdsourcing?

Much social science research is underappreciated by managers.

What sources of evidence are most useful at the information search and solution evaluation stages of the decision cycle?

An Economic Person does NOT

A study of 356 decisions in medium and large organizations found that ________ of the decisions made in organizations fail.

Sharon framed the problem as a choice between two losses.What is she likely to do now?

Which of the following is most accurate?

What is the difference between a well-structured problem and an ill-structured problem and what is the best way to solve each type of problem?

Analytics concerns finding meaningful patterns in large ________.

Much of what passes for decision making in organizations consists of guessing what the boss favours.

________ constitute assumptions and shortcuts that can improve decision-making efficiency but lead to serious errors in judgment.

The automobile business relies heavily on crowdsourcing to guide its choice of designs for production.

What does big data refer to?

What is a strong cause of groupthink?

People in a bad mood are more likely to violate the rational model.

In computer terminology, "garbage in" will result in "garbage out." This is used to describe

What are the disadvantages of group decision making?

What are the reasons for using groups to make organizational decisions?

Which of the following most clearly involves a decision program?

Organizational Behaviour and Management

Personality and Learning

Perception, Attribution, and Diversity

Values, Attitudes, and Work Behaviour

Theories of Work Motivation

Motivation in Practice

Groups and Teamwork

Social Influence, Socialization, and Organizational Culture

Leadership

Communication

Power, Politics, and Ethics

Conflict and Stress

Organizational Structure

Organizational Change, Development, and Innovation

Filters