Exam 3: Foundations of Decision Making

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Which of the following is assumed in a rational decision?

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What is an experience-based decision?

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Since all members of a group are rarely equal in status, most groups suffer from _________.

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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?

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Which of the following is a drawback to seeking diverse views in decision making?

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Why do decision makers often escalate their commitment to a bad decision?

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Programmed decisions work well for solving _________.

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

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Emotions and feelings _________ decision making.

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_________ is a situation in which a decision maker has only incomplete information about outcomes and does not have the ability to reasonably estimate outcomes that are not known.

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Identify the five decisions organisations must decide when determining how best to use big data.

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Sam is a manager who wants to determine if it is more environmentally sustainable to use email or direct mail to reach customers.What is the first step that Sam should take?

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Which of the following is not allowed in a brainstorming session?

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Identify and explain the advantages and disadvantages to group decision making.

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Identify and briefly describe the first four steps in the decision-making process.Give an example of each step.

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

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Define rule and provide an example of a decision rule.

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Groups tend to be less efficient and more effective than individual decision making.

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Decision makers who only use information that matches what they already know are guilty of confirmation bias.

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Which of the following is an example of an unstructured problem?

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