Exam 8: Decision Making and Creative Problem Solving

EMO LaCrosse, Inc. EMO LaCrosse is a small but successful lacrosse equipment company in Maryland. Given the emerging globalization trend, Jared, CEO of the company, is considering the company's first international assembly plant in Honduras. Since there is little or no reliable factual information available from Honduras, Jared is wondering whether he should involve his staff in making the decision. -Refer to EMO LaCrosse, Inc. Jared is facing what type of decision with international expansion?

Free

(Multiple Choice)

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Question 1

Correct Answer:

Verified

By definition, decision making is the process of understanding uncertainty.

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(True/False)

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Question 2

Correct Answer:

Verified

False

According to the model of uncertainty and confidence, as uncertainty increases, a decision maker's confidence tends to

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(Multiple Choice)

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Question 3

Correct Answer:

Verified

The best way to keep escalation of commitment in check is

(Multiple Choice)

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Question 4

The idea of comparing decision making to floating in a stream helps people understand that organizational decision making is a smooth-flowing and orderly process.

(True/False)

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Question 5

The two domains of creativity are inspiration and application.

(True/False)

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Question 6

Which factor guarantees broader participation in decision making in the years ahead?

(Multiple Choice)

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Question 7

BargainStock.com Based on incomplete but reliable factual information, Maggie has decided to open BargainStock.com, an online stock trading company. Relying on her past experience and judgment, Maggie estimates a very high probability of success. Maggie feels that online stock trading, especially short-term day trading, will be lucrative for her business because when people are making money trading they want to make even more and when they are losing they keep "throwing good money after bad" to recoup. -Refer to BargainStock.com. If you decide to trade with BargainStock.com, because of its name, which decision trap is in force?

(Multiple Choice)

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Question 8

Boeing's outsourcing disaster stemmed from the fact that they did not fully understand the conditions required for success and they did not recognize the high level of complexity involved with integrating disparate subcomponents.

(True/False)

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Question 9

What is the meaning of the analogy of decision making is like floating in a stream?

(Multiple Choice)

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Question 10

Testing out intuitive judgments, raising objections to them, and generating counter-arguments refers to

(Multiple Choice)

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Question 11

"Throwing good money after bad" refers to the ____ decision trap.

(Multiple Choice)

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Question 12

Nonprogrammed decisions are more common in today's businesses than programmed decisions.

(True/False)

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Question 13

Researchers have found that the more difficult a task, the greater the tendency for people to

(Multiple Choice)

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Question 14

are at the heart of decisions.

(Multiple Choice)

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Question 15

The flow of constructive tacit knowledge between coworkers is a top priority of knowledge management.

(True/False)

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Question 16

Describe the difference between tacit knowledge and explicit knowledge.

(Essay)

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Question 17

As long as people differ in terms of backgrounds, perceptions, aspirations, and values, there will be disagreement over what is right or wrong, and ethical and unethical.

(True/False)

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Question 18

____ is not a technique used to stimulate individual and group creativity.

(Multiple Choice)

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Question 19

Matt told his boss recently that he didn't want to take on a particular project because he was new and he thought that Barb could do a better job. Which mental lock to creativity does this represent?

(Multiple Choice)

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Question 20

Showing 1 - 20 of 163

By definition, decision making is the process of understanding uncertainty.

According to the model of uncertainty and confidence, as uncertainty increases, a decision maker's confidence tends to

The best way to keep escalation of commitment in check is

The idea of comparing decision making to floating in a stream helps people understand that organizational decision making is a smooth-flowing and orderly process.

The two domains of creativity are inspiration and application.

Which factor guarantees broader participation in decision making in the years ahead?

Boeing's outsourcing disaster stemmed from the fact that they did not fully understand the conditions required for success and they did not recognize the high level of complexity involved with integrating disparate subcomponents.

What is the meaning of the analogy of decision making is like floating in a stream?

Testing out intuitive judgments, raising objections to them, and generating counter-arguments refers to

"Throwing good money after bad" refers to the ____ decision trap.

Nonprogrammed decisions are more common in today's businesses than programmed decisions.

Researchers have found that the more difficult a task, the greater the tendency for people to

are at the heart of decisions.

The flow of constructive tacit knowledge between coworkers is a top priority of knowledge management.

Describe the difference between tacit knowledge and explicit knowledge.

As long as people differ in terms of backgrounds, perceptions, aspirations, and values, there will be disagreement over what is right or wrong, and ethical and unethical.

____ is not a technique used to stimulate individual and group creativity.

Matt told his boss recently that he didn't want to take on a particular project because he was new and he thought that Barb could do a better job. Which mental lock to creativity does this represent?

Managers and Entrepreneurs

The Evolution of Management Thought

The Changing Environment of Management: Diversity, Global Economy, and Technology

International Management and Cross-Cultural Competence

Managements Social and Ethical Responsibilities

The Basics of Planning and Project Management

Strategic Management: Planning for Long-Term Success

Organizations: Effectiveness, Design, and Cultures

Human Resource Management

Communicating in the Internet Age

Motivating Job Performance

Group Dynamics and Teamwork

Influence, Power, and Leadership

Change, Conflict, and Negotiation

Organizational Control and Quality Improvement

Filters

Exam 8: Decision Making and Creative Problem Solving

By definition, decision making is the process of understanding uncertainty.

According to the model of uncertainty and confidence, as uncertainty increases, a decision maker's confidence tends to

The best way to keep escalation of commitment in check is

The idea of comparing decision making to floating in a stream helps people understand that organizational decision making is a smooth-flowing and orderly process.

The two domains of creativity are inspiration and application.

Which factor guarantees broader participation in decision making in the years ahead?

Boeing's outsourcing disaster stemmed from the fact that they did not fully understand the conditions required for success and they did not recognize the high level of complexity involved with integrating disparate subcomponents.

What is the meaning of the analogy of decision making is like floating in a stream?

Testing out intuitive judgments, raising objections to them, and generating counter-arguments refers to

"Throwing good money after bad" refers to the ____ decision trap.

Nonprogrammed decisions are more common in today's businesses than programmed decisions.

Researchers have found that the more difficult a task, the greater the tendency for people to

____ are at the heart of ____ decisions.

The flow of constructive tacit knowledge between coworkers is a top priority of knowledge management.

Describe the difference between tacit knowledge and explicit knowledge.

As long as people differ in terms of backgrounds, perceptions, aspirations, and values, there will be disagreement over what is right or wrong, and ethical and unethical.

____ is not a technique used to stimulate individual and group creativity.

Matt told his boss recently that he didn't want to take on a particular project because he was new and he thought that Barb could do a better job. Which mental lock to creativity does this represent?

Managers and Entrepreneurs

The Evolution of Management Thought

The Changing Environment of Management: Diversity, Global Economy, and Technology

International Management and Cross-Cultural Competence

Managements Social and Ethical Responsibilities

The Basics of Planning and Project Management

Strategic Management: Planning for Long-Term Success

Organizations: Effectiveness, Design, and Cultures

Human Resource Management

Communicating in the Internet Age

Motivating Job Performance

Group Dynamics and Teamwork

Influence, Power, and Leadership

Change, Conflict, and Negotiation

Organizational Control and Quality Improvement

Filters

are at the heart of decisions.