Exam 10: Decision Making by Individuals and Groups

In situations characterized by _____, individuals who make decisions that turn out to be poor choices tend to hold fast to those choices, even when substantial costs are incurred.

Jake, the CEO of WinWest Inc., launches a new product. Despite the product's persistent failure, he is unwilling to withdraw it from the market because he believes that the product will be profitable in the long term. This scenario is an example of _____.

Describe some of the disadvantages of group decision making.

What are the conditions that encourage groupthink?

Which of the following is an assumption of the rational model of decision making?

Describe some of the group decision-making techniques.

_____ is a positive force that occurs in groups when group members are stimulated to produce new solutions to problems through the process of mutual influence and encouragement within the group.

A _____ is a small group of employees who work voluntarily on company time, typically one hour per week, to address work-related problems such as quality control, cost reduction, production planning and techniques, and even product design.

One of the reasons managers face limits to their rationality is that they:

According to the Z problem-solving model, Intuiting is used to gather information about a problem.

The right half of the brain is the center for _____.

Participative decision making is associated with:

Describe the individual and organizational influences on creativity.

How can organizations facilitate creative decision making?

_____ is a fast, positive force in decision making that is utilized at a level below consciousness and involves learned patterns of information.

Describe group polarization.

Identify an assumption of intuition involved in decision making.

Research indicates that men are more risk averse than women and that younger, less experienced managers are more risk averse than older managers.

Describe the rational model of decision making.

Which of the following is a method of reducing escalation of commitment?