Question 1

Low-cost information technology and the rise of social media have contributed to the growth of ________ as a decision aid.

Accepted Answer

The answer of Low-cost information technology and the rise of...

Question 2

The decision-making strategy of choosing the alternative with the greatest expected value is called ________.

Accepted Answer

The answer of The decision-making strategy of choosing the alternative...

Question 3

Which of the following is the most accurate description of crowdsourcing?

Accepted Answer

A) It involves contracting with outside experts. 
B) Expertise is sought among experts in the area of concern. 
C) Expertise is sought among the masses. 
D) Expertise is sought from consultants. 
E) Expertise is sought from decision-making experts. 
A) It involves contracting with outside experts. 
B) Expertise is sought among experts in the area of concern. 
C) Expertise is sought among the masses. 
D) Expertise is sought from consultants. 
E) Expertise is sought from decision-making experts.

Question 4

Sales at the Smelly Cheese Company had been down all year.Management met to try and identify the problem.The marketing manager was convinced that the problem was the result of poor marketing.The manager of human resources believed the problem was due to the lack of employee motivation.What is the difficulty they are having?

Accepted Answer

A) Perceptual defence 
B) Problem defined in terms of solution 
C) Problem diagnosed in terms of symptoms 
D) Problem defined in terms of functional specialty 
E) Too little information 
A) Perceptual defence 
B) Problem defined in terms of solution 
C) Problem diagnosed in terms of symptoms 
D) Problem defined in terms of functional specialty 
E) Too little information

Question 5

Mood affects what and how people think when making decisions.

Accepted Answer

A) True 
 B)False

Question 6

Low-cost information technology and the rise of ________ media have contributed to the growth of crowdsourcing as a decision aid.

Accepted Answer

The answer of Low-cost information technology and the rise of...

Question 7

What do the three Vs of big data refer to?

Accepted Answer

A) Volume, vivid, variety 
B) Volume, velocity, variety 
C) Volume, velocity, vivid 
D) Veracity, velocity, variety 
E) Veracity, velocity, vivid 
A) Volume, vivid, variety 
B) Volume, velocity, variety 
C) Volume, velocity, vivid 
D) Veracity, velocity, variety 
E) Veracity, velocity, vivid

Question 8

Crowdsourcing can be used to

Accepted Answer

A) identify the problem and search for relevant information. 
B) identify the problem and develop alternative solutions to a problem. 
C) search for relevant information and develop alternative solutions to a problem. 
D) develop alternative solutions to a problem and choose the best solution. 
E) develop and evaluate alternative solutions to a problem. 
A) identify the problem and search for relevant information. 
B) identify the problem and develop alternative solutions to a problem. 
C) search for relevant information and develop alternative solutions to a problem. 
D) develop alternative solutions to a problem and choose the best solution. 
E) develop and evaluate alternative solutions to a problem.

Question 9

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

Accepted Answer

A) True 
 B)False

Question 10

Data generated by or for a specific organization can constitute reasonable evidence.

Accepted Answer

A) True 
 B)False

Question 11

Many of the problems encountered in organizations are well structured.

Accepted Answer

A) True 
 B)False

Question 12

Escalation of commitment

Accepted Answer

A) involves committing more and more resources to a failing course of action. 
B) illustrates how decision makers often ignore sunk costs. 
C) only occurs when the decision maker is responsible for beginning a course of action. 
D) runs counter to the general tendency for decision makers to try to justify their actions. 
E) is the most common outcome of information overload. 
A) involves committing more and more resources to a failing course of action. 
B) illustrates how decision makers often ignore sunk costs. 
C) only occurs when the decision maker is responsible for beginning a course of action. 
D) runs counter to the general tendency for decision makers to try to justify their actions. 
E) is the most common outcome of information overload.

Question 13

Escalation of commitment refers to committing more and more resources to a failing course of action.

Accepted Answer

A) True 
 B)False

Question 14

What is groupthink? What are its symptoms? How can it be prevented?

Accepted Answer

Groupthink is the capacity for group pre

Question 15

You and a friend have decided to study for your final exams together.However, time to study for your organizational behaviour exam is running out.Your friend persuades you to only study the first five of the ten chapters to be covered on the exam.When you get to the exam, you quickly read through all of the questions and are surprised to see that in fact the majority of the questions are from the first five chapters you studied.You and your friend both receive very good grades on the exam.Your friend never misses an opportunity to remind you how smart it was to only study the first five chapters.What is this an example of?

Accepted Answer

A) Escalation of commitment 
B) Hindsight 
C) Framing 
D) Confirmation bias 
E) Anchoring effect 
A) Escalation of commitment 
B) Hindsight 
C) Framing 
D) Confirmation bias 
E) Anchoring effect

Question 16

What is escalation of commitment and what are the reasons why it occurs?

Accepted Answer

Escalation of commitment refers to the t

Question 17

Decision makers violate statistical principles at what stage of the decision-making process?

Accepted Answer

A) Problem identification 
B) Information search 
C) Solution implementation 
D) Solution evaluation 
E) Alternative development, evaluation, and choice 
A) Problem identification 
B) Information search 
C) Solution implementation 
D) Solution evaluation 
E) Alternative development, evaluation, and choice

Question 18

After meeting together, the members of the venture capital group decided not to fund any more projects for the year.Before the meeting, some members had been cautiously in favour of funding.What happened?

Accepted Answer

A) Groupthink 
B) Diffusion of responsibility 
C) Risky shift 
D) Conservative shift 
E) Hindsight 
A) Groupthink 
B) Diffusion of responsibility 
C) Risky shift 
D) Conservative shift 
E) Hindsight

Question 19

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

Accepted Answer

A) True 
 B)False

Question 20

Which of the following is probably an example of the irrational treatment of sunk costs?

Accepted Answer

A) Jim studied the computer output for two hours before the big meeting, but he couldn't use the information.Before the next meeting he studied the output for four hours. 
B) Mary obtained much more information than she needed in order to make a decision on the leasing arrangement. 
C) Janine had her travel agent book two flights for her to New York so that she was certain not to miss the big meeting. 
D) The pilot feared landing on the remote airstrip because there had been an accident there the day before. 
E) The company president decided to cancel the expansion project even though construction work had already begun. 
A) Jim studied the computer output for two hours before the big meeting, but he couldn't use the information.Before the next meeting he studied the output for four hours. 
B) Mary obtained much more information than she needed in order to make a decision on the leasing arrangement. 
C) Janine had her travel agent book two flights for her to New York so that she was certain not to miss the big meeting. 
D) The pilot feared landing on the remote airstrip because there had been an accident there the day before. 
E) The company president decided to cancel the expansion project even though construction work had already begun.

Low-cost information technology and the rise of social media have contributed to the growth of ________ as a decision aid.

The decision-making strategy of choosing the alternative with the greatest expected value is called ________.

Which of the following is the most accurate description of crowdsourcing?

Mood affects what and how people think when making decisions.

Low-cost information technology and the rise of ________ media have contributed to the growth of crowdsourcing as a decision aid.

What do the three Vs of big data refer to?

Crowdsourcing can be used to

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

Data generated by or for a specific organization can constitute reasonable evidence.

Many of the problems encountered in organizations are well structured.

Escalation of commitment

Escalation of commitment refers to committing more and more resources to a failing course of action.

What is groupthink? What are its symptoms? How can it be prevented?

What is escalation of commitment and what are the reasons why it occurs?

Decision makers violate statistical principles at what stage of the decision-making process?

After meeting together, the members of the venture capital group decided not to fund any more projects for the year.Before the meeting, some members had been cautiously in favour of funding.What happened?

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

Which of the following is probably an example of the irrational treatment of sunk costs?

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

Low-cost information technology and the rise of social media have contributed to the growth of ________ as a decision aid.

The decision-making strategy of choosing the alternative with the greatest expected value is called ________.

Which of the following is the most accurate description of crowdsourcing?

Mood affects what and how people think when making decisions.

Low-cost information technology and the rise of ________ media have contributed to the growth of crowdsourcing as a decision aid.

What do the three Vs of big data refer to?

Crowdsourcing can be used to

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

Data generated by or for a specific organization can constitute reasonable evidence.

Many of the problems encountered in organizations are well structured.

Escalation of commitment

Escalation of commitment refers to committing more and more resources to a failing course of action.

What is groupthink? What are its symptoms? How can it be prevented?

What is escalation of commitment and what are the reasons why it occurs?

Decision makers violate statistical principles at what stage of the decision-making process?

After meeting together, the members of the venture capital group decided not to fund any more projects for the year.Before the meeting, some members had been cautiously in favour of funding.What happened?

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

Which of the following is probably an example of the irrational treatment of sunk costs?

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