Question 1

Give an example of an escalation of commitment and discuss five ways to prevent the tendency to escalate commitment to a failing course of action.

Accepted Answer

An example is the executive who authoriz

Question 2

When members of a group are overconfident and willing to assume great risks and ignore obvious danger signs, it is called

Accepted Answer

A) illusion of invulnerability. 
B) rationalization. 
C) illusion of morality. 
D) self-censorship. 
E) illusion of unanimity. 
A) illusion of invulnerability. 
B) rationalization. 
C) illusion of morality. 
D) self-censorship. 
E) illusion of unanimity.

Question 3

What does the not-invented-here bias refer to?

Accepted Answer

A) The tendency to ignore or harbor negative attitudes toward ideas from other members of one's own organization or project team 
B) The tendency to admire or harbor positive attitudes toward ideas from outside one's own organization or project team 
C) The tendency to ignore or harbor negative attitudes toward ideas from outside one's own organization or project team 
D) The tendency to admire or harbor positive attitudes toward ideas from other members of one's own organization or project team 
E) The tendency to ignore or harbor negative attitudes toward ideas from inside and outside one's own organization or project team 
A) The tendency to ignore or harbor negative attitudes toward ideas from other members of one's own organization or project team 
B) The tendency to admire or harbor positive attitudes toward ideas from outside one's own organization or project team 
C) The tendency to ignore or harbor negative attitudes toward ideas from outside one's own organization or project team 
D) The tendency to admire or harbor positive attitudes toward ideas from other members of one's own organization or project team 
E) The tendency to ignore or harbor negative attitudes toward ideas from inside and outside one's own organization or project team

Question 4

At which stage of the rational decision-making model is the not-invented-here bias likely to be a particular problem?

Accepted Answer

A) Problem identification 
B) Search for relevant information 
C) Evaluate alternative solutions 
D) Implement chosen solution 
E) Monitor and evaluate chosen solution 
A) Problem identification 
B) Search for relevant information 
C) Evaluate alternative solutions 
D) Implement chosen solution 
E) Monitor and evaluate chosen solution

Question 5

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

Accepted Answer

A) True 
 B)False

Question 6

The tendency to ignore or harbor negative attitudes toward ideas from outside one's won organization or project team is known as

Accepted Answer

A) Satisficing. 
B) Anchoring effect. 
C) Confirmation bias. 
D) Not-invented-here bias. 
E) Risky shift. 
A) Satisficing. 
B) Anchoring effect. 
C) Confirmation bias. 
D) Not-invented-here bias. 
E) Risky shift.

Question 7

Intelligence does not counteract biases, and both more and less smart people are equally prone to them.

Accepted Answer

A) True 
 B)False

Question 8

After a group discussion, group members tend to make decisions that are ________ the positions of individual members before discussion.

Accepted Answer

A) more risky than 
B) more conservative than 
C) equal to the average risk of 
D) more risky or more conservative than 
E) less risky or less conservative than 
A) more risky than 
B) more conservative than 
C) equal to the average risk of 
D) more risky or more conservative than 
E) less risky or less conservative than

Question 9

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

Accepted Answer

The answer of ________-based management involves making decisions through the...

Question 10

People in a good mood approach decisions in a deliberate, systematic, detailed way.

Accepted Answer

A) True 
 B)False

Question 11

Nobel Prize winner Herbert Simon suggested that managers use bounded rationality.

Accepted Answer

A) True 
 B)False

Question 12

When the existing state of a situation is well-known and the desired state is also known, you are facing a ________ problem.

Accepted Answer

The answer of When the existing state of a situation...

Question 13

Harder sources of evidence are most useful at what stage of the decision cycle?

Accepted Answer

A) Identifying the problem 
B) Developing solutions 
C) Choosing solutions 
D) Information search 
E) Implementing solutions 
A) Identifying the problem 
B) Developing solutions 
C) Choosing solutions 
D) Information search 
E) Implementing solutions

Question 14

At what part of an organization would an ill-structured problem most likely be encountered?

Accepted Answer

A) The top of the hierarchy 
B) The middle of the hierarchy 
C) The bottom of the hierarchy 
D) Where the bottom of the hierarchy meets the middle 
E) Ill-structured problems are equally likely throughout the organizational hierarchy. 
A) The top of the hierarchy 
B) The middle of the hierarchy 
C) The bottom of the hierarchy 
D) Where the bottom of the hierarchy meets the middle 
E) Ill-structured problems are equally likely throughout the organizational hierarchy.

Question 15

The existing and desired states of a well-structured problem are clear.

Accepted Answer

A) True 
 B)False

Question 16

Individuals are more prone than groups to escalate commitment.

Accepted Answer

A) True 
 B)False

Question 17

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

Accepted Answer

A) True 
 B)False

Question 18

When people view a problem as a choice between losses, they tend to make ________ decisions.

Accepted Answer

The answer of When people view a problem as a...

Question 19

Which of the following is a problem frame?

Accepted Answer

A) How the problem is stated 
B) How the problem is solved 
C) How the solution is evaluated 
D) How the solution is implemented 
E) How the decision makers are rewarded 
A) How the problem is stated 
B) How the problem is solved 
C) How the solution is evaluated 
D) How the solution is implemented 
E) How the decision makers are rewarded

Question 20

When it comes to good evidence, benchmarking is the gold standard.

Accepted Answer

A) True 
 B)False

Give an example of an escalation of commitment and discuss five ways to prevent the tendency to escalate commitment to a failing course of action.

When members of a group are overconfident and willing to assume great risks and ignore obvious danger signs, it is called

What does the not-invented-here bias refer to?

At which stage of the rational decision-making model is the not-invented-here bias likely to be a particular problem?

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

The tendency to ignore or harbor negative attitudes toward ideas from outside one's won organization or project team is known as

Intelligence does not counteract biases, and both more and less smart people are equally prone to them.

After a group discussion, group members tend to make decisions that are ________ the positions of individual members before discussion.

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

People in a good mood approach decisions in a deliberate, systematic, detailed way.

Nobel Prize winner Herbert Simon suggested that managers use bounded rationality.

When the existing state of a situation is well-known and the desired state is also known, you are facing a ________ problem.

Harder sources of evidence are most useful at what stage of the decision cycle?

At what part of an organization would an ill-structured problem most likely be encountered?

The existing and desired states of a well-structured problem are clear.

Individuals are more prone than groups to escalate commitment.

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

When people view a problem as a choice between losses, they tend to make ________ decisions.

Which of the following is a problem frame?

When it comes to good evidence, benchmarking is the gold standard.

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

Give an example of an escalation of commitment and discuss five ways to prevent the tendency to escalate commitment to a failing course of action.

When members of a group are overconfident and willing to assume great risks and ignore obvious danger signs, it is called

What does the not-invented-here bias refer to?

At which stage of the rational decision-making model is the not-invented-here bias likely to be a particular problem?

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

The tendency to ignore or harbor negative attitudes toward ideas from outside one's won organization or project team is known as

Intelligence does not counteract biases, and both more and less smart people are equally prone to them.

After a group discussion, group members tend to make decisions that are ________ the positions of individual members before discussion.

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

People in a good mood approach decisions in a deliberate, systematic, detailed way.

Nobel Prize winner Herbert Simon suggested that managers use bounded rationality.

When the existing state of a situation is well-known and the desired state is also known, you are facing a ________ problem.

Harder sources of evidence are most useful at what stage of the decision cycle?

At what part of an organization would an ill-structured problem most likely be encountered?

The existing and desired states of a well-structured problem are clear.

Individuals are more prone than groups to escalate commitment.

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

When people view a problem as a choice between losses, they tend to make ________ decisions.

Which of the following is a problem frame?

When it comes to good evidence, benchmarking is the gold standard.

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