Exam 7: Decision Making,learning,creativity,and Entrepreneurship

Having committed large amounts of manpower and money to his landscaping business,Tony continues to keep the business running even though the financial reports show the business is failing.What is the source of Tony's cognitive bias?

Which of the following is NOT one of the four criteria managers use to evaluate the pros and cons of alternative courses of action?

A group decision-making method that can be done by email is:

Entrepreneurship is the same as management.

The process by which managers respond to opportunities and threats facing their organization by analyzing options and taking actions is known as:

In most situations,information is incomplete and a full range of alternatives is unknowable.

Individual decision making is superior to group decision making in several respects.

What cognitive bias results from the tendency to generalize inappropriately from a small sample or from a single vivid event or episode?

Because the radio station's special rate program was about to expire,Tim proceed with his promotional campaign even though he didn't have all the information he needed.Tim's information was incomplete because of:

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

What is the process used by managers to improve the ability of subordinates to understand and to manage the organization?

There are three important techniques that managers can use to promote creativity in group decision-making situations.Discuss any two of these techniques and explain how each of the techniques that you have selected could be used by a manager in a specific business situation of your choosing to promote a more creative decision by the group.

What are the characteristics of an entrepreneur?

When a manager makes a good decision based on a "gut feeling," this is known as:

According to the administrative model of decision making,even if managers had unlimited ability to evaluate information,they still would not be able to arrive at the optimum decision.Why?

The optimum decision is the most appropriate decision possible in light of what they believe to be the most desirable consequences for the organization.

Which of the following would NOT be considered a nonprogrammed decision of Jochen Zeitz,CEO of Puma?

When groupthink occurs,pressures for agreement and harmony within a group tend to encourage individuals to think independently,raise questions,and develop creative alternatives.

According to Senge's concept of the learning organization,team learning is less important than individual learning when trying to increase organizational learning.

Which of the following is NOT a source of bias that can adversely affect the way managers make decisions?