Multiple Choice
When Walmart tried to use the same model that worked for them in the USA in the rest of the world, they were acting on which type of cognitive bias?
A) Illusion of control and overconfidence bias
B) Fundamental attribution error
C) Systematic errors
D) Prior hypothesis bias
E) Representative bias
Correct Answer:
Verified
Correct Answer:
Verified
Q49: The administrative model was developed by March
Q81: Satisficing is when managers make lightning-quick calculations
Q99: According to the text, when Richard Branson
Q100: When a manager performs a cost benefit
Q101: The administrative model recognizes that decision makers
Q101: Discuss how managers can improve their decision-making
Q105: The ability to make sound decisions based
Q107: March and Simon developed three important concepts
Q108: Rules of thumb that simplify decision making
Q109: Nonprogrammed decision making occurs when:<br>A)The outcomes of