Question 1

In a short essay, discuss bounded rationality and satisficing.

Accepted Answer

Perfect rationality requires that the de

Question 2

Which of the following is NOT a factor that can increase the probability of groupthink?

Accepted Answer

A) Influential group members dominate the discussion and the decision-making process. 
B) Group leaders stress the importance of consensus above all other concerns. 
C) The group has more than 40 group members. 
D) Group leaders solicit ideas from all group members without passing judgment on their ideas. 
A) Influential group members dominate the discussion and the decision-making process. 
B) Group leaders stress the importance of consensus above all other concerns. 
C) The group has more than 40 group members. 
D) Group leaders solicit ideas from all group members without passing judgment on their ideas.

Question 3

Which of the following is an example of a structured problem?

Accepted Answer

A) designing a new MP3 player 
B) hiring a lawyer 
C) deciding shipping options for a vacuum cleaner 
D) drafting a quarterback for a pro football team 
A) designing a new MP3 player 
B) hiring a lawyer 
C) deciding shipping options for a vacuum cleaner 
D) drafting a quarterback for a pro football team

Question 4

Which of the following is NOT a common decision-making error or bias?

Accepted Answer

A) sunk costs 
B) randomness 
C) forest for the trees 
D) overconfidence bias 
A) sunk costs 
B) randomness 
C) forest for the trees 
D) overconfidence bias

Question 5

Which of the following traits do all creative people seem to share?

Accepted Answer

A) They like to save time. 
B) They get along well with others. 
C) They love their work. 
D) They don't like to work hard. 
A) They like to save time. 
B) They get along well with others. 
C) They love their work. 
D) They don't like to work hard.

Question 6

A country with high uncertainty avoidance and high power distance is more likely to engage in groupthink than a country with low uncertainty avoidance and low power distance.

Accepted Answer

A) True 
 B)False

Question 7

A judge consults guidelines before handing down an award for damages in a legal case.What kind of decision making is she doing?

Accepted Answer

A) following a policy 
B) following a rule 
C) programmed 
D) following a procedure 
A) following a policy 
B) following a rule 
C) programmed 
D) following a procedure

Question 8

Seeking the views of a diverse group of people can provide a decision maker with ________ on issues.

Accepted Answer

A) fresh perspectives 
B) conventional wisdom 
C) universal agreement 
D) a foolproof way to get the perfect answer 
A) fresh perspectives 
B) conventional wisdom 
C) universal agreement 
D) a foolproof way to get the perfect answer

Question 9

Neural networks are able to outdo the performance of humans by ________.

Accepted Answer

A) analyzing symbols 
B) handling up to three variables at once 
C) handling hundreds of variables at once 
D) reading facial expressions 
A) analyzing symbols 
B) handling up to three variables at once 
C) handling hundreds of variables at once 
D) reading facial expressions

Question 10

A synonym for the word satisfice is maximize.

Accepted Answer

A) True 
 B)False

Question 11

A low-level manager is most likely to solve problems under which condition?

Accepted Answer

A) certainty 
B) low risk 
C) uncertainty 
D) low certainty 
A) certainty 
B) low risk 
C) uncertainty 
D) low certainty

Question 12

Compared to fully rational decision making, what is a major advantage of intuitive decision making?

Accepted Answer

A) total reliability 
B) fully quantified 
C) thoroughness 
D) speed 
A) total reliability 
B) fully quantified 
C) thoroughness 
D) speed

Question 13

In a short essay, describe how electronic meetings can help avoid groupthink and enhance creativity in group decision making.

Accepted Answer

The most recent approach to group decisi

Question 14

Because they are not systematic or comprehensive, using heuristics in place of an eight-step decision-making process can lead to ________.

Accepted Answer

A) errors and biases 
B) consistently better decisions 
C) more imaginative decisions 
D) decisions that more directly solve problems 
A) errors and biases 
B) consistently better decisions 
C) more imaginative decisions 
D) decisions that more directly solve problems

Question 15

________ helps people find better solutions to problems using innovative problem-solving methods.

Accepted Answer

A) Planning 
B) Creativity 
C) Organization 
D) Structure 
A) Planning 
B) Creativity 
C) Organization 
D) Structure

Question 16

For a high-tech bicycle buyer, decision criteria would be determined by ________.

Accepted Answer

A) whatever most bike buyers recommend 
B) expert ratings in bike magazines 
C) technical specifications 
D) personal preferences of the buyer 
A) whatever most bike buyers recommend 
B) expert ratings in bike magazines 
C) technical specifications 
D) personal preferences of the buyer

Question 17

In allocating weights to the decision criteria, which of the following is most helpful to remember?

Accepted Answer

A) All weights must be the same. 
B) The total of the weights must equal 100. 
C) The high score should be a 10, and no two criteria should be assigned the same weight. 
D) Assign the most important criterion a score, and then assign weights against that standard. 
A) All weights must be the same. 
B) The total of the weights must equal 100. 
C) The high score should be a 10, and no two criteria should be assigned the same weight. 
D) Assign the most important criterion a score, and then assign weights against that standard.

Question 18

French management style tends to be ________ in style.

Accepted Answer

A) permissive 
B) group oriented 
C) rule following 
D) autocratic 
A) permissive 
B) group oriented 
C) rule following 
D) autocratic

Question 19

A manager is determining what kind of new computers she should purchase for her department.She has made a list of five different computer models for consideration.Which stage of the decision-making process is this?

Accepted Answer

A) selection of an alternative 
B) identification of decision criteria 
C) development of alternatives 
D) analysis of alternatives 
A) selection of an alternative 
B) identification of decision criteria 
C) development of alternatives 
D) analysis of alternatives

Question 20

Which of the following is NOT a way in which intuition guides people who are making decisions?

Accepted Answer

A) Intuition provides ethics and values guidelines. 
B) Intuition provides a formal analysis method. 
C) Intuition provides experiences to draw from. 
D) Intuition draws on knowledge, skills, and training. 
A) Intuition provides ethics and values guidelines. 
B) Intuition provides a formal analysis method. 
C) Intuition provides experiences to draw from. 
D) Intuition draws on knowledge, skills, and training.

In a short essay, discuss bounded rationality and satisficing.

Which of the following is NOT a factor that can increase the probability of groupthink?

Which of the following is an example of a structured problem?

Which of the following is NOT a common decision-making error or bias?

Which of the following traits do all creative people seem to share?

A country with high uncertainty avoidance and high power distance is more likely to engage in groupthink than a country with low uncertainty avoidance and low power distance.

A judge consults guidelines before handing down an award for damages in a legal case.What kind of decision making is she doing?

Seeking the views of a diverse group of people can provide a decision maker with ________ on issues.

Neural networks are able to outdo the performance of humans by ________.

A synonym for the word satisfice is maximize.

A low-level manager is most likely to solve problems under which condition?

Compared to fully rational decision making, what is a major advantage of intuitive decision making?

In a short essay, describe how electronic meetings can help avoid groupthink and enhance creativity in group decision making.

Because they are not systematic or comprehensive, using heuristics in place of an eight-step decision-making process can lead to ________.

________ helps people find better solutions to problems using innovative problem-solving methods.

For a high-tech bicycle buyer, decision criteria would be determined by ________.

In allocating weights to the decision criteria, which of the following is most helpful to remember?

French management style tends to be ________ in style.

A manager is determining what kind of new computers she should purchase for her department.She has made a list of five different computer models for consideration.Which stage of the decision-making process is this?

Which of the following is NOT a way in which intuition guides people who are making decisions?

Managers and Management

The Management Environment

Integrative Managerial Issues

Foundations of Planning

Organization Structure

Managing Human Resources

Managing Change and Innovation

Foundations of Individual Behavior

Understanding Groups and Managing Work Teams

Motivating and Rewarding Employees

Leadership and Trust

Managing Communication and Information

Foundations of Control

Operations Management

History Module

Quantitative Module

Career Module

Entrepreneurship Module

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Exam 4: Foundations of Decision Making

In a short essay, discuss bounded rationality and satisficing.

Which of the following is NOT a factor that can increase the probability of groupthink?

Which of the following is an example of a structured problem?

Which of the following is NOT a common decision-making error or bias?

Which of the following traits do all creative people seem to share?

A country with high uncertainty avoidance and high power distance is more likely to engage in groupthink than a country with low uncertainty avoidance and low power distance.

A judge consults guidelines before handing down an award for damages in a legal case.What kind of decision making is she doing?

Seeking the views of a diverse group of people can provide a decision maker with ________ on issues.

Neural networks are able to outdo the performance of humans by ________.

A synonym for the word satisfice is maximize.

A low-level manager is most likely to solve problems under which condition?

Compared to fully rational decision making, what is a major advantage of intuitive decision making?

In a short essay, describe how electronic meetings can help avoid groupthink and enhance creativity in group decision making.

Because they are not systematic or comprehensive, using heuristics in place of an eight-step decision-making process can lead to ________.

________ helps people find better solutions to problems using innovative problem-solving methods.

For a high-tech bicycle buyer, decision criteria would be determined by ________.

In allocating weights to the decision criteria, which of the following is most helpful to remember?

French management style tends to be ________ in style.

A manager is determining what kind of new computers she should purchase for her department.She has made a list of five different computer models for consideration.Which stage of the decision-making process is this?

Which of the following is NOT a way in which intuition guides people who are making decisions?

Managers and Management

The Management Environment

Integrative Managerial Issues

Foundations of Planning

Organization Structure

Managing Human Resources

Managing Change and Innovation

Foundations of Individual Behavior

Understanding Groups and Managing Work Teams

Motivating and Rewarding Employees

Leadership and Trust

Managing Communication and Information

Foundations of Control

Operations Management

History Module

Quantitative Module

Career Module

Entrepreneurship Module

Filters