Exam 3: Foundations of Decision Making

It is assumed that a rational decision-maker ________.

Non-programmed decisions tend to be routine.

Decision making begins with ________.

Neural networks,and not expert systems,are used by banks in uncovering ________.

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

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

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

Emotions and feelings ________ decision making.

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?

Managers in organisations make group decisions ________.

Neural networks differ from expert systems in that they can ________.

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

In a short essay,discuss bounded rationality and satisficing.

It is assumed that in most cases,the decisions of all managers are limited by ________.

After purchasing new computers for her department,a manager is now comparing the performance of the new computers to the computers they replaced.Which stage of the decision-making process is she carrying out?

Design thinking involves ________ whereas rational decisions making relies on ________.

What is a heuristic?

Sondra has decided to purchase a new system.After obtaining permission,she has ordered the system from a reputable company.Which stage of the decision-making process is she carrying out in making the order?

Which of the following is the focus of design thinking?

The three main models that managers use to make decisions are ________.