Question 1

Contrast the fundamental attribution error and the self-serving bias.

Accepted Answer

The answer of Contrast the fundamental attribution error and the...

Question 2

The more optimistic the entrepreneurs, the less successful the performance of their new ventures. Which of the following systematic biases and errors creep into their judgments?

Accepted Answer

A)  hindsight bias 
B)  anchoring bias 
C)  confirmation bias 
D)  availability bias 
E)  overconfidence bias

Question 3

Gene is regarded by his peers as an extremely creative designer of watercraft. He attributes much of his success to his family: he was raised by a traditional boat builder and from a very early age was surrounded by boats and the people who made them. To what element of the three-component model of creativity does Gene attribute his success?

Accepted Answer

A)  intuitiveness 
B)  external locus of control 
C)  task motivation 
D)  expertise 
E)  creative thinking skills

Question 4

Our tendency to believe we have some control over our world and our destiny and that we can predict the outcome of random events is the ________.

Accepted Answer

A)  overconfidence bias 
B)  randomness error 
C)  bounded rationality 
D)  intuitive decision making 
E)  selective perception

Question 5

William believes Ronnie is a hardworking individual because Ronnie always dresses nicely and wears well-tailored suits. Which short-cut is William using to judge Ronnie?

Accepted Answer

A)  contrast effect 
B)  self-serving bias 
C)  framing effect 
D)  halo effect 
E)  impact bias

Question 6

The three-component model of creativity proposes that individual creativity essentially requires expertise, creative thinking skills, and ________.

Accepted Answer

A)  external locus of control 
B)  intrinsic task motivation 
C)  emotional intelligence 
D)  positivity offset 
E)  selective perception

Question 7

Two people see the same thing at the same time yet interpret it differently. In this situation, factors that operate to shape their dissimilar perceptions reside in the ________.

Accepted Answer

A)  perceivers 
B)  target 
C)  timing 
D)  context 
E)  situation

Question 8

Randy always turns in reports with punctuation errors. The reports of the three other employees on the QA report writing team always produce grammatically clean reports. Randy is about to turn in another report, and his manager has already noticed errors. Randy demonstrates ________. His sloppy reports can be attributed to an ________ cause.

Accepted Answer

A)  low distinctiveness, low consensus, and high consistency; internal 
B)  high distinctiveness, low consensus, and high consistency; external 
C)  low distinctiveness, high consensus, and high consistency; internal 
D)  low distinctiveness, low consensus, and high consistency; external 
E)  high distinctiveness, high consensus, and high consistency; internal

Question 9

We tend to accept at face value information that is consistent with our preconceived views, while we are critical and skeptical of information that challenges these views. This represents the ________ bias.

Accepted Answer

A)  distinction 
B)  impact 
C)  hindsight 
D)  confirmation 
E)  self-serving

Question 10

Which of the following terms best describes the tendency to underestimate the influence of external factors and overestimate the influence of internal factors when making judgments about the behavior of others?

Accepted Answer

A)  fundamental attribution error 
B)  halo effect 
C)  selective perception 
D)  overconfidence 
E)  randomness error

Question 11

________ refers to staying with a decision even when there is clear evidence it's wrong.

Accepted Answer

A)  Escalation of commitment 
B)  Hindsight bias 
C)  Satisficing 
D)  Selective perception 
E)  Availability bias

Question 12

Those who spend extensive periods of time in other cultures generate more innovative solutions to problems.

Accepted Answer

A) True 
 B)False

Question 13

The ________ bias is typically associated with negotiation.

Accepted Answer

A)  confirmation 
B)  distinction 
C)  anchoring 
D)  hindsight 
E)  availability

Question 14

You are more likely to notice cars like your own due to ________.

Accepted Answer

A)  stereotyping 
B)  self-serving bias 
C)  selective perception 
D)  halo effect 
E)  contrast effect

Question 15

Explain how stereotyping can cause problems for some managers when making ethical decisions. Provide an example.

Accepted Answer

The answer of Explain how stereotyping can cause problems for...

Question 16

What is escalation of commitment?

Accepted Answer

The answer of What is escalation of commitment?...

Question 17

People who carefully gather and consider information consistent with the rational decision-making model are more likely to engage in which of the following decision-making errors?

Accepted Answer

A)  escalation of commitment 
B)  randomness error 
C)  availability bias 
D)  performance evaluation 
E)  reward systems

Question 18

In the ethical yardstick of ________, decisions are made solely on the basis of their outcomes, ideally to provide the greatest good for the greatest number.

Accepted Answer

A)  utilitarianism 
B)  self-serving bias 
C)  bounded rationality 
D)  selective perception 
E)  anchoring bias

Question 19

The first ethical yardstick is utilitarianism, in which decisions are made solely on the basis of their outcomes, ideally to provide the greatest good for the greatest number.

Accepted Answer