Exam 8: Fairness and Ethics in Decision Making

Research on the psychology of conflicts of interest suggests that an auditor is psychologically incapable of maintaining a truly unbiased judgment as long as:

Free

(Multiple Choice)

4.9/5

(29)

Question 1

Correct Answer:

Verified

What is the money illusion,and how does it affect people's judgment?

Free

(Essay)

4.9/5

(39)

Question 2

Correct Answer:

Verified

the money illusion is people's tendency to rely on nominal quantities,rather than on real buying power,despite the fact that the nominal value of money is arbitrary,and changes in value as a result of inflation.The money illusion causes people to make fairness assessments of their salaries that are built around whether the nominal dollar amount of the salary is increasing or decreasing instead of adjusting for inflation.Thus,a wage cut is considered unfair,but a nominal increase in wage,that,when taking inflation into account,amounts to the same change as the wage cut,as more acceptable.

Research has shown that suppressing stereotypes against out-group members causes:

Free

(Multiple Choice)

4.8/5

(33)

Question 3

Correct Answer:

Verified

Businesses that adjust their prices upward in response to high demand,consistent with economic laws of supply and demand,can experience which of the following outcomes:

(Multiple Choice)

4.8/5

(37)

Question 4

How was the effect of fairness considerations demonstrated in the dictator game?

(Essay)

4.9/5

(39)

Question 5

People display inconsistency by:

(Multiple Choice)

4.7/5

(37)

Question 6

When people are doing favors for their friends,what aspect of their unfair behavior do they often overlook?

(Essay)

4.8/5

(40)

Question 7

Research has found that reducing the gap between the salaries of a team's highest-paid and lowest-paid members can have a _________ effect on the team's performance.

(Short Answer)

4.8/5

(35)

Question 8

What is important to remember when formulating a fair offer in an interpersonal context?

(Essay)

4.8/5

(32)

Question 9

Researchers of bounded ethicality claim that the primary flaw of most ethical training is that:

(Multiple Choice)

4.8/5

(31)

Question 10

Bounded ethicality has replaced the assumption of conscious choice as the best explanation for unethical behavior.

(True/False)

5.0/5

(33)

Question 11

The basic psychological process underlying in-group favoritism is that we tend to identify with people who are ___________ to us.

(Short Answer)

4.8/5

(28)

Question 12

What is altruistic about altruistic punishment?

(Essay)

4.8/5

(33)

Question 13

Which bias underlies the tendency of people to overclaim credit for their contribution to an outcome?

(Multiple Choice)

4.9/5

(36)

Question 14

How do the want and should selves interact in the decision whether to punish someone who is behaving unfairly?

(Essay)

4.8/5

(28)

Question 15

Which of the following helps to eliminate the influence of fairness considerations?

(Multiple Choice)

4.9/5

(35)

Question 16

Spontaneous behaviors are better predicted by implicit attitudes,while thoughtful behaviors are better predicted by explicit attitudes.

(True/False)

4.7/5

(33)

Question 17

Which of the following condition can increase one's willingness to engage in altruistic punishment?

(Multiple Choice)

4.8/5

(26)

Question 18

Fairness appears to be a universal concept,but its implementation depends on _______ norms.

(Short Answer)

4.8/5

(40)

Question 19

Which false assumption is often made by professionals such as lawyers,financial advisers and real-estate agents regarding potential conflicts of interest?

(Multiple Choice)

4.8/5

(35)

Question 20

Showing 1 - 20 of 22

Research on the psychology of conflicts of interest suggests that an auditor is psychologically incapable of maintaining a truly unbiased judgment as long as:

What is the money illusion,and how does it affect people's judgment?

Research has shown that suppressing stereotypes against out-group members causes:

Businesses that adjust their prices upward in response to high demand,consistent with economic laws of supply and demand,can experience which of the following outcomes:

How was the effect of fairness considerations demonstrated in the dictator game?

People display inconsistency by:

When people are doing favors for their friends,what aspect of their unfair behavior do they often overlook?

Research has found that reducing the gap between the salaries of a team's highest-paid and lowest-paid members can have a _________ effect on the team's performance.

What is important to remember when formulating a fair offer in an interpersonal context?

Researchers of bounded ethicality claim that the primary flaw of most ethical training is that:

Bounded ethicality has replaced the assumption of conscious choice as the best explanation for unethical behavior.

The basic psychological process underlying in-group favoritism is that we tend to identify with people who are ___________ to us.

What is altruistic about altruistic punishment?

Which bias underlies the tendency of people to overclaim credit for their contribution to an outcome?

How do the want and should selves interact in the decision whether to punish someone who is behaving unfairly?

Which of the following helps to eliminate the influence of fairness considerations?

Spontaneous behaviors are better predicted by implicit attitudes,while thoughtful behaviors are better predicted by explicit attitudes.

Which of the following condition can increase one's willingness to engage in altruistic punishment?

Fairness appears to be a universal concept,but its implementation depends on _______ norms.

Which false assumption is often made by professionals such as lawyers,financial advisers and real-estate agents regarding potential conflicts of interest?

Introduction to Managerial Decision Making

Overconfidence

Common Biases

Bounded Awareness

Framing and the Reversal of Preferences

Motivational and Emotional Influences on Decision Making

The Escalation of Commitment

Common Investment Mistakes

Making Rational Decisions in Negotiations

Negotiator Cognition

Improving Decision Making

Filters