Question 1

The second step in the decision-making process is identifying the decision criteria.

Accepted Answer

A) True 
 B)False

Question 2

The final step of the decision-making process is the development of alternatives.

Accepted Answer

A) True 
 B)False

Question 3

In a short essay,list and discuss the first four steps in the decision-making process.Give an example of each step.

Accepted Answer

Step 1: Identification of a problem
The

Question 4

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?

Accepted Answer

A) Confirmation bias. 
B) Anchoring effect. 
C) Overconfidence bias. 
D) Framing bias. 
A) Confirmation bias. 
B) Anchoring effect. 
C) Overconfidence bias. 
D) Framing bias.

Question 5

Which model of decision making takes advantage of subconscious mental processing?

Accepted Answer

A) Non-rational. 
B) Emotional. 
C) Intuitive. 
D) Bounded rationality. 
A) Non-rational. 
B) Emotional. 
C) Intuitive. 
D) Bounded rationality.

Question 6

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

Accepted Answer

The most recent approach to group decisi

Question 7

Which of the following is NOT a way in which intuition guides people who are making decisions?

Accepted Answer

A) Intuition draws on knowledge,skills and training. 
B) Intuition provides a formal analysis method. 
C) Intuition provides experiences to draw from. 
D) Intuition provides ethics and values guidelines. 
A) Intuition draws on knowledge,skills and training. 
B) Intuition provides a formal analysis method. 
C) Intuition provides experiences to draw from. 
D) Intuition provides ethics and values guidelines.

Question 8

Which of the following is a primary characteristic of groupthink?

Accepted Answer

A) Failure to reach consensus within a group. 
B) Conflict among group members. 
C) Complete conformity among group members. 
D) A group that is candid and open. 
A) Failure to reach consensus within a group. 
B) Conflict among group members. 
C) Complete conformity among group members. 
D) A group that is candid and open.

Question 9

Neural networks are able to outdo the performance of humans by ________.

Accepted Answer

A) handling hundreds of variables at once 
B) handling up to ten variables at once 
C) creating a detailed database of questions and answers 
D) reading facial expressions 
A) handling hundreds of variables at once 
B) handling up to ten variables at once 
C) creating a detailed database of questions and answers 
D) reading facial expressions

Question 10

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

Accepted Answer

A) consistently better decisions 
B) decisions that more directly solve problems 
C) errors and biases 
D) more imaginative decisions 
A) consistently better decisions 
B) decisions that more directly solve problems 
C) errors and biases 
D) more imaginative decisions

Question 11

Which of the following would be a fairly objective criterion by which a bicycle buyer could assess different bike models?

Accepted Answer

A) Handling. 
B) Style. 
C) Weight. 
D) Quality of craftsmanship. 
A) Handling. 
B) Style. 
C) Weight. 
D) Quality of craftsmanship.

Question 12

A manager should be more confident of his assessment of a situation if it involves risk rather than uncertainty.

Accepted Answer

A) True 
 B)False

Question 13

An advantage of group decisions is that they increase the perception of the legitimacy of the solution.

Accepted Answer

A) True 
 B)False

Question 14

Sondra has decided to collect information about the features the company needs for its system.Which stage of the decision-making process is she carrying out?

Accepted Answer

A) Identify decision criteria. 
B) Evaluate her decision's effectiveness. 
C) Identify alternative solutions. 
D) Allocate weights to the criteria. 
A) Identify decision criteria. 
B) Evaluate her decision's effectiveness. 
C) Identify alternative solutions. 
D) Allocate weights to the criteria.

Question 15

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

Accepted Answer

A) neither greater nor less 
B) more enthusiastic 
C) less 
D) greater 
A) neither greater nor less 
B) more enthusiastic 
C) less 
D) greater

Question 16

In a short essay,discuss why Design thinking is important to decision making,and how it is different from the traditional way managers solve problems.

Accepted Answer

Design thinking has been described as 'a

Question 17

What advantages does videoconferencing provide for group decision making?

Accepted Answer

A) Savings on travel and time. 
B) Anonymous expression of opinions. 
C) Less minority domination. 
D) Less groupthink. 
A) Savings on travel and time. 
B) Anonymous expression of opinions. 
C) Less minority domination. 
D) Less groupthink.

Question 18

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?

Accepted Answer

A) Allocation of weights to criteria. 
B) Implementing the alternative. 
C) Identifying the problem. 
D) Selecting an alternative. 
A) Allocation of weights to criteria. 
B) Implementing the alternative. 
C) Identifying the problem. 
D) Selecting an alternative.

Question 19

A manager has a choice of three investment funds.To assess them,he looks at their past investment records over the previous five years.The manager is operating under which condition?

Accepted Answer

A) Uncertainty. 
B) Risk. 
C) Certainty. 
D) Probability. 
A) Uncertainty. 
B) Risk. 
C) Certainty. 
D) Probability.

Question 20

One assumption of bounded rationality is that managers can analyse all relevant information about all alternatives for a situation.

Accepted Answer

A) True 
 B)False

The second step in the decision-making process is identifying the decision criteria.

The final step of the decision-making process is the development of alternatives.

In a short essay,list and discuss the first four steps in the decision-making process.Give an example of each step.

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?

Which model of decision making takes advantage of subconscious mental processing?

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

Which of the following is NOT a way in which intuition guides people who are making decisions?

Which of the following is a primary characteristic of groupthink?

Neural networks are able to outdo the performance of humans by ________.

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

Which of the following would be a fairly objective criterion by which a bicycle buyer could assess different bike models?

A manager should be more confident of his assessment of a situation if it involves risk rather than uncertainty.

An advantage of group decisions is that they increase the perception of the legitimacy of the solution.

Sondra has decided to collect information about the features the company needs for its system.Which stage of the decision-making process is she carrying out?

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

In a short essay,discuss why Design thinking is important to decision making,and how it is different from the traditional way managers solve problems.

What advantages does videoconferencing provide for group decision making?

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?

A manager has a choice of three investment funds.To assess them,he looks at their past investment records over the previous five years.The manager is operating under which condition?

One assumption of bounded rationality is that managers can analyse all relevant information about all alternatives for a situation.

Managers and Management

The Managerial Environment

Foundations of Planning

Organisational Structure and Design

Managing Human Resources

Managing Change and Innovation

Foundations of Individual Behaviour

Understanding Groups and Managing Work Teams

Motivating and Rewarding Employees

Leadership and Trust

Managing Communication and Information

Foundations of Control

Filters

Exam 3: Foundations of Decision Making

The second step in the decision-making process is identifying the decision criteria.

The final step of the decision-making process is the development of alternatives.

In a short essay,list and discuss the first four steps in the decision-making process.Give an example of each step.

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?

Which model of decision making takes advantage of subconscious mental processing?

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

Which of the following is NOT a way in which intuition guides people who are making decisions?

Which of the following is a primary characteristic of groupthink?

Neural networks are able to outdo the performance of humans by ________.

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

Which of the following would be a fairly objective criterion by which a bicycle buyer could assess different bike models?

A manager should be more confident of his assessment of a situation if it involves risk rather than uncertainty.

An advantage of group decisions is that they increase the perception of the legitimacy of the solution.

Sondra has decided to collect information about the features the company needs for its system.Which stage of the decision-making process is she carrying out?

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

In a short essay,discuss why Design thinking is important to decision making,and how it is different from the traditional way managers solve problems.

What advantages does videoconferencing provide for group decision making?

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?

A manager has a choice of three investment funds.To assess them,he looks at their past investment records over the previous five years.The manager is operating under which condition?

One assumption of bounded rationality is that managers can analyse all relevant information about all alternatives for a situation.

Managers and Management

The Managerial Environment

Foundations of Planning

Organisational Structure and Design

Managing Human Resources

Managing Change and Innovation

Foundations of Individual Behaviour

Understanding Groups and Managing Work Teams

Motivating and Rewarding Employees

Leadership and Trust

Managing Communication and Information

Foundations of Control

Filters