Exam 5: Foundations of Decision Making

In a short essay, discuss the assumptions of rationality and the validity of those assumptions.

Because they are not systematic or comprehensive, using heuristics in place of an eight-step decision-making process can lead to ________.

Intuitive decision making is systematic, logical, and orderly.

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?

Emotions should always be strictly ignored in a decision-making process.

Decisions, Decisions (Scenario) Sondra needed help. Her insurance company's rapid growth was necessitating making some IT changes, but what changes? Should they modify the servers that they currently used or purchase an entirely new system? Sondra was confused and needed help in making the correct decision. -Sondra has determined that the speed of the system she settles on is twice as important as the capacity of the system. Which stage of the decision-making process is she carrying out?

In a short essay, describe how brainstorming can help avoid groupthink and enhance creativity in group decision making.

What is a heuristic?

How often do managers typically use intuitive decision making?

A rational decision will never fail to provide the best and most successful solution to a problem.

Which of the following is LEAST likely to be a decision criterion for a high-tech bicycle buyer who cares primarily about performance?

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

One advantage of group decision making is that it usually provides ________ than individual decision making.

Which of the following is NOT assumed in a rational decision?

A low-level manager is most likely to solve problems under which condition?

The use of ringisei in Japanese organizations reflects which of the following values in Japanese culture?

Which term best characterizes a decision that has bounded rationality?

A scientist cites two studies that show a positive effect for her drug and ignores five other studies that show a negative effect. Which error or bias is she committing?

Intuitive decision making cannot be a part of the rational decision-making process.

The very last step Sondra should take, according to the decision-making process, is to ________.