Exam 11: Decision Making and Creativity

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In the _________ bias, a decision maker is influenced by the first information received about a decision, even if it is irrelevant.

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In a simple environment, a manager should use the _______ model of decision making.

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Which of the following is not a rule for effective brainstorming?

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A person with a high tolerance for ambiguity who is oriented toward people and social concerns when making a decision has which style?

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________ is solving problems by producing the best possible solution.

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Intuitive processes are influenced by both expertise and feelings.

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In a complex decision context, there is one right answer, but many unknowns obscure cause-and-effect relationships. In this kind of situation, the most effective decision making method is intuition.

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A decision environment in which there is one right answer, but many unknowns obscure cause-and-effect relationships, is categorized as:

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Oliver was known for his innovative promotional ideas. His boss loved listening to his presentations and trusted his ideas. Though Oliver's ideas started to get monotonous after a while, his boss took only his ideas and did not accept ideas from others. Which of the following was Oliver's boss using?

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A person with a low tolerance for ambiguity who is oriented toward people and social concerns when making a decision has which style?

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Tacit knowledge is information that can easily be put into words.

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What is a nonrational model of decision making? Identify and describe two of these models.

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Males tend to make more risky decisions than females. This is an example of a constraint on rationality.

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Define: brainstorming, brainwriting, and the Delphi technique. In what ways do these techniques help managers?

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The process of identifying and choosing alternative solutions that lead to a desired state of affairs is known as:

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The rational model is based on the notion that managers satisfice when making decisions.

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In a complicated decision environment, a manager should use the _______ method of decision making.

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The final question in Bagley's decision tree is:

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A decision environment in which cause-and-effect relationships change so fast that no pattern emerges is categorized as:

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What are judgmental heuristics? Why is knowing about these important for managers? Identify and define at least six judgmental heuristics and give an example of each.

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