A) errors that people make over and over and that result in poor decision making. B) rules of thumb that simplify decision making. C) the tendency to base decisions on strong prior beliefs. D) a pattern of biased decision making. E) the tendency to overestimate one's own ability to control activities and events. A) errors that people make over and over and that result in poor decision making. B) rules of thumb that simplify decision making. C) the tendency to base decisions on strong prior beliefs. D) a pattern of biased decision making. E) the tendency to overestimate one's own ability to control activities and events.

Exam 7: Decision Making, Learning, Creativity, and Entrepreneurship

The illusion of control causes managers to overestimate the odds of a favorable outcome and, consequently, to make inappropriate decisions.

(True/False)

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Question 61

Ronda noticed some opportunities to increase literacy in her community so she pursued an innovative idea and started an education program.This is an example of

(Multiple Choice)

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Question 62

_____ results from overestimating one's own ability to influence actions and events.

(Multiple Choice)

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Question 63

Based on guidelines established by the accounting manager, Jaime, the accounts payable clerk, makes payments to vendors in order to maximize discounts.What type of decision does this represent?

(Multiple Choice)

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Question 64

Heuristics are

(Multiple Choice)

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Question 65

Maria, a supervisor at a petrochemical plant, asks the plant superintendent to hire an additional worker whenever overtime hours for the previous month increase by more than 15 percent over the headcount.What type of decision is this?

(Multiple Choice)

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Question 66

When the probabilities of alternative outcomes cannot be determined and future outcomes are unknown, there exists

(Multiple Choice)

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Question 67

Jordan, the manager of JT's Tasty Treats, has to decide whether to introduce a new frozen dessert that has never been sold previously.What type of decision would this represent?

(Multiple Choice)

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Question 68

Describe the three important techniques that managers can use to promote creativity in group decision making.Which technique would be most effective for you and why?

(Essay)

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Question 69

Having committed large amounts of manpower and money to his landscaping business, Tony continues to keep the business running despite incurring heavy losses.What is the source of Tony's cognitive bias?

(Multiple Choice)

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Question 70

_____ results from the tendency to have an incorrect view because of a bad experience with a single event or episode.

(Multiple Choice)

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Question 71

Li sees that several of his employees have creative talent.Which of the following should Li do to promote individual creativity?

(Multiple Choice)

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Question 72

Wash Ur Car, which operates five car washes, has to decide whether or not it should invest in the latest drying equipment.What type of decision does this represent for the organization?

(Multiple Choice)

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Question 73

The higher the level of intrapreneurship in a firm, the higher the level of learning and innovation.

(True/False)

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Question 74

Dale, a manager, is assessing possible alternative solutions of a problem.Dale attempts to determine whether a possible alternative will threaten other company projects.Which criterion of decision making is Dale focusing on?

(Multiple Choice)

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Question 75

Identify and describe the two techniques used to counter groupthink and cognitive biases.

(Essay)

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Question 76

Define entrepreneur and intrapreneur.Explain three ways that organizations can promote intrapreneurship.

(Essay)

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Question 77

_____ is the term given to employees who engage in entrepreneurial activity and who are an important source of organizational creativity.

(Multiple Choice)

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Question 78

Distinguish the four criteria to evaluate the pros and cons of alternative courses of action.

(Essay)

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Question 79

The first step in the managerial decision-making process is to

(Multiple Choice)

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Question 80

Showing 61 - 80 of 100

The illusion of control causes managers to overestimate the odds of a favorable outcome and, consequently, to make inappropriate decisions.

Ronda noticed some opportunities to increase literacy in her community so she pursued an innovative idea and started an education program.This is an example of

_____ results from overestimating one's own ability to influence actions and events.

Based on guidelines established by the accounting manager, Jaime, the accounts payable clerk, makes payments to vendors in order to maximize discounts.What type of decision does this represent?

Heuristics are

Maria, a supervisor at a petrochemical plant, asks the plant superintendent to hire an additional worker whenever overtime hours for the previous month increase by more than 15 percent over the headcount.What type of decision is this?

When the probabilities of alternative outcomes cannot be determined and future outcomes are unknown, there exists

Jordan, the manager of JT's Tasty Treats, has to decide whether to introduce a new frozen dessert that has never been sold previously.What type of decision would this represent?

Describe the three important techniques that managers can use to promote creativity in group decision making.Which technique would be most effective for you and why?

Having committed large amounts of manpower and money to his landscaping business, Tony continues to keep the business running despite incurring heavy losses.What is the source of Tony's cognitive bias?

_____ results from the tendency to have an incorrect view because of a bad experience with a single event or episode.

Li sees that several of his employees have creative talent.Which of the following should Li do to promote individual creativity?

Wash Ur Car, which operates five car washes, has to decide whether or not it should invest in the latest drying equipment.What type of decision does this represent for the organization?

The higher the level of intrapreneurship in a firm, the higher the level of learning and innovation.

Dale, a manager, is assessing possible alternative solutions of a problem.Dale attempts to determine whether a possible alternative will threaten other company projects.Which criterion of decision making is Dale focusing on?

Identify and describe the two techniques used to counter groupthink and cognitive biases.

Define entrepreneur and intrapreneur.Explain three ways that organizations can promote intrapreneurship.

_____ is the term given to employees who engage in entrepreneurial activity and who are an important source of organizational creativity.

Distinguish the four criteria to evaluate the pros and cons of alternative courses of action.

The first step in the managerial decision-making process is to

Managers and Managing

The Evolution of Management

Values, Attitudes, Emotions, and Culture: The Manager As a Person

Ethics and Social Responsibility

Managing Diverse Employees in a Multicultural Environment

Managing in the Global Environment

The Manager As a Planner and a Strategist

Value Chain Management: Functional Strategies for Competitive Advantage

Managing Organizational Structure and Culture

Organizational Control and Change

Human Resource Management

Motivation Performance

Leadership

Effective Groups and Teams

Promoting Effective Communication

Managing Conflict, Politics, and Negotiation

Used Advanced Information Technology to Increase Performance

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