Question 1

A decision environment in which there is one right answer, but many unknowns obscure cause-and-effect relationships, is categorized as:

Accepted Answer

A)   Dynamic/chaotic
B)   Complex
C)   Complicated
D)   Simple
E)   ProgrammedF) All of the above
G) A) and B)

Question 2

Intuitive processes are influenced by both expertise and feelings.

Accepted Answer

A) True 
 B)False

Question 3

Which of the following is not a rule for effective brainstorming?

Accepted Answer

A)   One conversation at a time
B)   Be visual
C)   Go for quality over quantity
D)   Build on the ideas of others
E)   Defer judgmentF) All of the above
G) C) and D)

Question 4

A decision environment in which cause-and-effect relationships change so fast that no pattern emerges is categorized as:

Accepted Answer

A)   Dynamic/chaotic
B)   Complex
C)   Complicated
D)   Simple
E)   ProgrammedF) All of the above
G) D) and E)

Question 5

Tacit knowledge is information that can easily be put into words.

Accepted Answer

A) True 
 B)False

Question 6

In the _________ bias, a decision maker is influenced by the first information received about a decision, even if it is irrelevant.

Accepted Answer

A)   Confirmation
B)   Availability
C)   Representativeness
D)   Anchoring
E)   FramingF) B) and D)
G) None of the above

Question 7

In a simple environment, a manager should use the _______ model of decision making.

Accepted Answer

A)   Heuristic
B)   Rational
C)   Satisficing
D)   Nonrational
E)   IntuitionF) B) and E)
G) All of the above

Question 8

A person with a high tolerance for ambiguity who is oriented toward people and social concerns when making a decision has which style?

Accepted Answer

A)   Analytical
B)   Conceptual
C)   Directive
D)   Behavioral
E)   ConsultativeF) B) and E)
G) C) and E)

Question 9

What is a nonrational model of decision making? Identify and describe two of these models.

Accepted Answer

Nonrational models of decision making ex...

Question 10

Males tend to make more risky decisions than females. This is an example of a constraint on rationality.

Accepted Answer

A) True 
 B)False

Question 11

Oliver was known for his innovative promotional ideas. His boss loved listening to his presentations and trusted his ideas. Though Oliver's ideas started to get monotonous after a while, his boss took only his ideas and did not accept ideas from others. Which of the following was Oliver's boss using?

Accepted Answer

A)   Creativity
B)   Inclusion heuristic
C)   Fundamental attribution error
D)   Anchoring
E)   Availability heuristicF) None of the above
G) B) and D)

Question 12

The final question in Bagley's decision tree is:

Accepted Answer

A)   Is the proposed action legal?
B)   Is the proposed action ethical?
C)   Does the proposed action maximize shareholder value?
D)   Does the proposed action affect any stakeholders?
E)   Would it be ethical not to take the proposed action?F) None of the above
G) B) and E)

Question 13

What are judgmental heuristics? Why is knowing about these important for managers? Identify and define at least six judgmental heuristics and give an example of each.

Accepted Answer

Judgmental heuristics represent cognitiv...

Question 14

________ is solving problems by producing the best possible solution.

Accepted Answer

A)   Satisficing
B)   Optimizing
C)   Minimizing
D)   Using intuition
E)   RationalizingF) A) and B)
G) A) and C)

Question 15

The rational model is based on the notion that managers satisfice when making decisions.

Accepted Answer

A) True 
 B)False

Question 16

In a complicated decision environment, a manager should use the _______ method of decision making.

Accepted Answer

A)   Heuristic
B)   Rational
C)   Satisficing
D)   Nonrational
E)   IntuitionF) B) and C)
G) A) and E)

Question 17

In a complex decision context, there is one right answer, but many unknowns obscure cause-and-effect relationships. In this kind of situation, the most effective decision making method is intuition.

Accepted Answer

A) True 
 B)False

Question 18

A person with a low tolerance for ambiguity who is oriented toward people and social concerns when making a decision has which style?

Accepted Answer

A)   Analytical
B)   Conceptual
C)   Directive
D)   Behavioral
E)   ConsultativeF) A) and C)
G) A) and B)

Question 19

The process of identifying and choosing alternative solutions that lead to a desired state of affairs is known as:

Accepted Answer

A)   Intuition
B)   Heuristics
C)   Problem solving
D)   Decision making
E)   BrainwritingF) A) and C)
G) A) and E)

Question 20

Define: brainstorming, brainwriting, and the Delphi technique. In what ways do these techniques help managers?

Accepted Answer

Decision-making experts have developed a...

Exam 11: Decision Making and Creativity

What are judgmental heuristics? Why is knowing about these important for managers? Identify and define at least six judgmental heuristics and give an example of each.

Correct Answer
verified
Judgmental heuristics represent cognitiv...
View Answer

In a complicated decision environment, a manager should use the _______ method of decision making.

Correct Answer
verified

A decision environment in which there is one right answer, but many unknowns obscure cause-and-effect relationships, is categorized as:

Correct Answer
verified

What is a nonrational model of decision making? Identify and describe two of these models.

Correct Answer
verified
Nonrational models of decision making ex...
View Answer

In the _________ bias, a decision maker is influenced by the first information received about a decision, even if it is irrelevant.

Correct Answer
verified

The process of identifying and choosing alternative solutions that lead to a desired state of affairs is known as:

Correct Answer
verified

Define: brainstorming, brainwriting, and the Delphi technique. In what ways do these techniques help managers?

Correct Answer
verified
Decision-making experts have developed a...
View Answer

Correct Answer
verified

In a complex decision context, there is one right answer, but many unknowns obscure cause-and-effect relationships. In this kind of situation, the most effective decision making method is intuition.

Correct Answer
verified

Males tend to make more risky decisions than females. This is an example of a constraint on rationality.

Correct Answer
verified

A person with a low tolerance for ambiguity who is oriented toward people and social concerns when making a decision has which style?

Correct Answer
verified

A decision environment in which cause-and-effect relationships change so fast that no pattern emerges is categorized as:

Correct Answer
verified

The rational model is based on the notion that managers satisfice when making decisions.

Correct Answer
verified

Tacit knowledge is information that can easily be put into words.

Correct Answer
verified

A person with a high tolerance for ambiguity who is oriented toward people and social concerns when making a decision has which style?

Correct Answer
verified

________ is solving problems by producing the best possible solution.

Correct Answer
verified

Which of the following is not a rule for effective brainstorming?

Correct Answer
verified

The final question in Bagley's decision tree is:

Correct Answer
verified

In a simple environment, a manager should use the _______ model of decision making.

Correct Answer
verified

Intuitive processes are influenced by both expertise and feelings.

Correct Answer
verified

Exam 11: Decision Making and Creativity

What are judgmental heuristics? Why is knowing about these important for managers? Identify and define at least six judgmental heuristics and give an example of each.

Correct AnswerverifiedJudgmental heuristics represent cognitiv...View AnswerShow Answer

In a complicated decision environment, a manager should use the _______ method of decision making.

Correct AnswerverifiedShow Answer

A decision environment in which there is one right answer, but many unknowns obscure cause-and-effect relationships, is categorized as:

Correct AnswerverifiedShow Answer

What is a nonrational model of decision making? Identify and describe two of these models.

Correct AnswerverifiedNonrational models of decision making ex...View AnswerShow Answer

In the _________ bias, a decision maker is influenced by the first information received about a decision, even if it is irrelevant.

Correct AnswerverifiedShow Answer

The process of identifying and choosing alternative solutions that lead to a desired state of affairs is known as:

Correct AnswerverifiedShow Answer

Define: brainstorming, brainwriting, and the Delphi technique. In what ways do these techniques help managers?

Correct AnswerverifiedDecision-making experts have developed a...View AnswerShow Answer

Correct AnswerverifiedShow Answer

In a complex decision context, there is one right answer, but many unknowns obscure cause-and-effect relationships. In this kind of situation, the most effective decision making method is intuition.

Correct AnswerverifiedShow Answer

Males tend to make more risky decisions than females. This is an example of a constraint on rationality.

Correct AnswerverifiedShow Answer

A person with a low tolerance for ambiguity who is oriented toward people and social concerns when making a decision has which style?

Correct AnswerverifiedShow Answer

A decision environment in which cause-and-effect relationships change so fast that no pattern emerges is categorized as:

Correct AnswerverifiedShow Answer

The rational model is based on the notion that managers satisfice when making decisions.

Correct AnswerverifiedShow Answer

Tacit knowledge is information that can easily be put into words.

Correct AnswerverifiedShow Answer

A person with a high tolerance for ambiguity who is oriented toward people and social concerns when making a decision has which style?

Correct AnswerverifiedShow Answer

________ is solving problems by producing the best possible solution.

Correct AnswerverifiedShow Answer

Which of the following is not a rule for effective brainstorming?

Correct AnswerverifiedShow Answer

The final question in Bagley's decision tree is:

Correct AnswerverifiedShow Answer

In a simple environment, a manager should use the _______ model of decision making.

Correct AnswerverifiedShow Answer

Intuitive processes are influenced by both expertise and feelings.

Correct AnswerverifiedShow Answer

Correct Answer
verified
Judgmental heuristics represent cognitiv...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Nonrational models of decision making ex...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Decision-making experts have developed a...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
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Correct Answer
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Correct Answer
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