Exam 7: Data and Decision Making

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Ryan, the marketing manager at a company, decides to invest more money to promote a technology that has earlier failed at the market due to its technical incompetency. Ryan is unwilling to accept that the product lacks the competitive edge to survive in the market. He is not ready to admit his mistakes and applies more resources to pursue a course of action that is not working. This type of decision-making trap is known as _____.

(Multiple Choice)

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Question 141

Which of the following skills refers to the ability to remain focused on long-term objectives while being flexible enough to resolve short-term problems and opportunities in a timely manner?

(Multiple Choice)

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Question 142

A classical decision model describes decision making within the constraints of limited information and alternatives.

(True/False)

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Question 143

A performance threat occurs when the actual performance is less than desired or is moving in an unfavorable direction.

(True/False)

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Question 144

Which of the following describes decision making with limited information and bounded rationality?

(Multiple Choice)

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Question 145

Creative people are good at making connections among seemingly unrelated facts or events.

(True/False)

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Question 146

Showing 141 - 146 of 146

Which of the following skills refers to the ability to remain focused on long-term objectives while being flexible enough to resolve short-term problems and opportunities in a timely manner?

A classical decision model describes decision making within the constraints of limited information and alternatives.

A performance threat occurs when the actual performance is less than desired or is moving in an unfavorable direction.

Which of the following describes decision making with limited information and bounded rationality?

Creative people are good at making connections among seemingly unrelated facts or events.

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