Question 1

Discuss the advantages and disadvantages of group decision making.

Accepted Answer

The main advantages of group decision ma

Question 2

One company strongly identified with the use of analytics is ________.

Accepted Answer

The answer of One company strongly identified with the use...

Question 3

An ill-structured problem is one where the existing state is unclear and the desired state is clear.

Accepted Answer

A) True 
 B)False

Question 4

People in a negative mood tend to remember positive information.

Accepted Answer

A) True 
 B)False

Question 5

Although information overload damages decisions, decision makers are usually eager to collect a large amount of information.

Accepted Answer

A) True 
 B)False

Question 6

There is plenty of evidence that ________ contributes to poor and risky decisions.

Accepted Answer

The answer of There is plenty of evidence that ________...

Question 7

Outsourcing aspects of a decision process to a large collection of people is known as

Accepted Answer

A) outsourcing. 
B) evidence-based management. 
C) crowdsourcing. 
D) crowdfunding. 
E) big data. 
A) outsourcing. 
B) evidence-based management. 
C) crowdsourcing. 
D) crowdfunding. 
E) big data.

Question 8

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

Accepted Answer

The answer of Nobel Prize winner Herbert Simon suggested that...

Question 9

Satisficing is a concept that is most associated with

Accepted Answer

A) identifying a problem. 
B) searching for information. 
C) choosing a solution. 
D) implementing a solution. 
E) monitoring a solution. 
A) identifying a problem. 
B) searching for information. 
C) choosing a solution. 
D) implementing a solution. 
E) monitoring a solution.

Question 10

The knew-it-all-along effect is an example of faulty hindsight.

Accepted Answer

A) True 
 B)False

Question 11

The perfectly rational characteristics embodied in Economic Persons exist in many decision makers.

Accepted Answer

A) True 
 B)False

Question 12

Political considerations, time constraints, and limited information processing capacity mean that people exhibit ________ rather than perfect rationality.

Accepted Answer

The answer of Political considerations, time constraints, and limited information...

Question 13

The tendency to acquire and process information in a particular way that is prone to error is known as

Accepted Answer

A) a cognitive bias. 
B) framing. 
C) bounded rationality. 
D) groupthink. 
E) satisficing. 
A) a cognitive bias. 
B) framing. 
C) bounded rationality. 
D) groupthink. 
E) satisficing.

Question 14

When people frame the alternatives as a choice between gains, they tend to make conservative decisions.

Accepted Answer

A) True 
 B)False

Question 15

What is evidence-based management and what is good evidence?

Accepted Answer

Evidence-based management is "making dec

Question 16

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

Accepted Answer

A) Expert and management judgment 
B) Company data and expert judgment 
C) Scientific research and expert judgment 
D) Scientific research and company data 
E) Expert and professional judgment 
A) Expert and management judgment 
B) Company data and expert judgment 
C) Scientific research and expert judgment 
D) Scientific research and company data 
E) Expert and professional judgment

Question 17

The three Vs of big data are volume, vividness, and variety.

Accepted Answer

A) True 
 B)False

Question 18

Crowdsourcing can be used to develop alternative solutions to a problem.

Accepted Answer

A) True 
 B)False

Question 19

Aspects of the presentation of information about a problem that are assumed by decision makers is called

Accepted Answer

A) perceptual defence. 
B) framing. 
C) confirmation bias. 
D) anchoring effect. 
E) satisficing. 
A) perceptual defence. 
B) framing. 
C) confirmation bias. 
D) anchoring effect. 
E) satisficing.

Question 20

At which stage of the rational decision-making model is information overload 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

Discuss the advantages and disadvantages of group decision making.

One company strongly identified with the use of analytics is ________.

An ill-structured problem is one where the existing state is unclear and the desired state is clear.

People in a negative mood tend to remember positive information.

Although information overload damages decisions, decision makers are usually eager to collect a large amount of information.

There is plenty of evidence that ________ contributes to poor and risky decisions.

Outsourcing aspects of a decision process to a large collection of people is known as

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

Satisficing is a concept that is most associated with

The knew-it-all-along effect is an example of faulty hindsight.

The perfectly rational characteristics embodied in Economic Persons exist in many decision makers.

Political considerations, time constraints, and limited information processing capacity mean that people exhibit ________ rather than perfect rationality.

The tendency to acquire and process information in a particular way that is prone to error is known as

When people frame the alternatives as a choice between gains, they tend to make conservative decisions.

What is evidence-based management and what is good evidence?

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

The three Vs of big data are volume, vividness, and variety.

Crowdsourcing can be used to develop alternative solutions to a problem.

Aspects of the presentation of information about a problem that are assumed by decision makers is called

At which stage of the rational decision-making model is information overload a particular problem?

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

Discuss the advantages and disadvantages of group decision making.

One company strongly identified with the use of analytics is ________.

An ill-structured problem is one where the existing state is unclear and the desired state is clear.

People in a negative mood tend to remember positive information.

Although information overload damages decisions, decision makers are usually eager to collect a large amount of information.

There is plenty of evidence that ________ contributes to poor and risky decisions.

Outsourcing aspects of a decision process to a large collection of people is known as

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

Satisficing is a concept that is most associated with

The knew-it-all-along effect is an example of faulty hindsight.

The perfectly rational characteristics embodied in Economic Persons exist in many decision makers.

Political considerations, time constraints, and limited information processing capacity mean that people exhibit ________ rather than perfect rationality.

The tendency to acquire and process information in a particular way that is prone to error is known as

When people frame the alternatives as a choice between gains, they tend to make conservative decisions.

What is evidence-based management and what is good evidence?

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

The three Vs of big data are volume, vividness, and variety.

Crowdsourcing can be used to develop alternative solutions to a problem.

Aspects of the presentation of information about a problem that are assumed by decision makers is called

At which stage of the rational decision-making model is information overload a particular problem?

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