Exam 14: Decision-Making and Problem-Solving Processes

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People are risk seeking when facing decisions involving gains.

(True/False)
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The decision-making model that emphasizes satisficing rather than optimizing is the ______________ model.

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Managers who decide allocations of tight financial resources will likely use which of the following decision-making models?

(Multiple Choice)
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People are always aware of using decision heuristics.

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Decision-making groups with ______________ have lost their ability to ______________ alternative solutions to a problem.

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The nominal group technique has members interact with each other at the beginning of the decision-making process.

(True/False)
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Which of the following does not contribute to escalation of commitment to a losing course of action?

(Multiple Choice)
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Which of the following does not occur as the social process for decision making goes from authoritative to group approaches?

(Multiple Choice)
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______________ tries to find root causes and creates options that are input to a ______________ process.

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______________ are guidelines to simplify the task of processing information developed during decision making.

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The "G" approach uses ______________ processes that try to get ______________.

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Decision makers who face ethical issues apply a decision rule with a minimum ______________ for a(n) ______________.

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As the decision-making process becomes less authoritative, conflict potential increases.

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The group decision-making method that is most correct for issues surrounded by uncertainty or conflicting values is the _______________.

(Short Answer)
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Rational decision theory emphasizes the role of sunk costs in decision making.

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Stereotypes are an example of the availability heuristic.

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The decision-making models that assume people in organizations pursue their self-interests are the ______________ models.

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The group decision-making method in which group members never meet face to face is the ______________.

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Which of the following is not an assumption of the rational model of decision making?

(Multiple Choice)
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When entering into salary negotiations, a new employee requests a figure higher than what she really wants, and the manager offers a figure lower that what she is prepared to offer. These people are using which of the following heuristics?

(Multiple Choice)
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