Exam 7: Data and Decision Making

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Intuitive thinking tends to work best in situations where facts are limited and few decision precedents exist.

(True/False)
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Salma emphasizes the impersonal, tends to take a realistic approach to problem solving, and prefers facts and clear goals. She likes to be in situations of high control and prefers problem solving in a certain environment. Salma can be regarded as a(n) _____.

(Multiple Choice)
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Managers who are passive in gathering information and are unwilling to make decisions and deal with problems are referred to as problem _____.

(Multiple Choice)
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Availability bias occurs when decisions are influenced by inappropriate allegiance to a previously existing value or starting point.

(True/False)
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A manager using _____ thinking is flexible and spontaneous in problem fixing.

(Multiple Choice)
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Jiao is the assistant manager in a bank. She notices that few of her team members have become very complacent and they no longer follow quality control procedures. However, Jiao ignores this information and does not take any action to rectify this threat to performance. Usually, she passively gathers information and is unwilling to deal with problems. In this scenario, Jiao can be regarded as a _____.

(Multiple Choice)
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A _____ decision applies a solution from past experience to a routine problem.

(Multiple Choice)
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Managers who are _____ make a plan before taking action and carefully search for information to facilitate problem solving in a step-by-step fashion.

(Multiple Choice)
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The raw facts and observations made useful and meaningful for decision making is called information.

(True/False)
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Martha has succeeded as a manager due to her ability to remain focused on long-term objectives. She is flexible in her approach and provides effective and timely solutions for most of the problems, maintaining focus on the long-term goals. This skill of Martha is known as _____.

(Multiple Choice)
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Sensation thinkers are comfortable with abstraction and unstructured situations.

(True/False)
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Design ____ unlocks creativity in decision making through a process of experiencing, ideation, and prototyping.

(Short Answer)
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Vikram is a very successful car salesman who generates a lot of revenue for his firm. His manager is impressed with his performance and hires his younger brother as a car salesman in the firm, assuming that he will be as successful as Vikram in selling cars. However, Vikram's brother fails to live up to the expectations. The type of decision-making error made by Vikram's manager in this scenario is known as _____.

(Multiple Choice)
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Which of the following traits is associated with problem seekers?

(Multiple Choice)
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The confirmation error is also known as the sunk-cost fallacy.

(True/False)
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Aara does not seem to be as productive as she usually is. Afreen, her manager, is concerned about her performance. Afreen wants to talk to Aara and solve the problem. Which of the following is the first step Afreen should take in the decision-making process?

(Multiple Choice)
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The managers who are regarded as problem solvers:

(Multiple Choice)
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Strategies, such as framing, that are used for simplifying decision making are known as _____.

(Multiple Choice)
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An IT program manager realizes that there are certain defects in a product delivered. However, he assumes that the users will not use the application that is defective but does not make efforts to rectify it. This manager is most likely a problem _____.

(Multiple Choice)
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The problems that are familiar, straight forward, and clear with respect to information needs are called _____ problems.

(Multiple Choice)
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