Exam 11: Decision Making

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In what kind of decisions does mood have its greatest impact?

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

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The bestselling book and movie Moneyball, is an interesting example of

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What is crowdsourcing and when is most likely to be effective for decision making? What has contributed to the growth of crowdsourcing as a decision aid?

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People high on neuroticism and negative affectivity are more likely to escalate.

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Define bounded rationality and discuss the difficulties it can lead to in problem identification.

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Indiscriminately copying competitors is sometimes called

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Evidence-based management involves making decisions through the conscientious, explicit, and judicious use of the best available evidence from ________ sources.

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Individuals who prefer a conservative solution to a problem will probably make an even more conservative decision when they meet as a group.

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The ________ bias has been implicated in costly and inefficient duplication of organizational efforts, such as the failure to reuse existing software developed by outside sources.

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When members of a group convince themselves to avoid voicing opinions contrary to the group it is called

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Which of the following accurately depicts the relationship between personality and escalation?

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Big data tends to be unstructured and not easily incorporated into standard databases.

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________ and Facebook are two companies that have profited greatly from applying sophisticated analytics to big data to facilitate decisions about targeted advertising.

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Devoting more and more resources to a failing course of action is known as ________.

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Evidence-based management has its roots in evidence-based medicine.

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If a large collection of diverse individuals is likely to contain either a single superior solution to a problem, or on average, the collection will be correct, what would be an appropriate approach to decision making?

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Which of the following is NOT a characteristic of groupthink?

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Scientific research and company data are most useful at what stage of the decision cycle?

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Which of the following problems would most likely be solved with a program (that is, using programmed decision making)?

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