Exam 5: Foundations of Decision Making

Sticking to a decision despite evidence that it is a mistake is called ________.

Managers identify a problem by comparing the current state of affairs to some standard.

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

Expert systems are primarily used to help what kinds of decision makers?

Identifying the wrong problem is just as much a failure for a manager as identifying the right problem and failing to solve it.

Group decisions generally feature ________ acceptance than decisions made by an individual.

Escalation of commitment can occur when people don't ________.

A rule is simpler than a policy or a procedure to implement.

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

Decision making begins with ________.

When dealing with international organizations, managers must be ________ in order to accommodate the managing styles of different cultures.

In a short essay, discuss bounded rationality and satisficing.

Which of the following is NOT a reason why managers often resort to using heuristics?

A synonym for the word satisfice is maximize.

A basketball coach who takes a very good shooter out of a game because she missed her last two shots has availability bias.

A country with high uncertainty avoidance and high power distance is more likely to engage in groupthink than a country with low uncertainty avoidance and low power distance.

A heuristic can simplify the decision-making process.

Group decisions tend to provide more complete information than individual decisions.

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

Which pair or pairs of terms is/are true? (This question can have more than one correct answer.)