Exam 11: Decision Making

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Assuming,after a decision has been made,that one knew the decision was flawed before it was made is an example of ________.

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Google and ________ are two companies that have profited greatly from applying sophisticated analytics to big data to facilitate decisions about targeted advertising.

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Illusion of invulnerability,illusion of morality,and illusion of unanimity are all characteristics of

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One familiar application of crowdsourcing is employed by Wikipedia.

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At what part of an organization would an ill-structured problem most likely be encountered?

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Evidence-based management has its roots in evidence-based science.

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The bestselling book and movie Moneyball,is an example of ________.

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Which is an example of a conservative shift?

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Permanently lost resources that often enter inappropriately into subsequent decision making are called ________.

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Sharon framed the problem as a choice between two losses.What is she likely to do now?

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Ill-structured problems can entail high risk and stimulate political considerations.

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Escalation of commitment to a losing course of action could be an example of the improper treatment of sunk costs.

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One company strongly identified with the use of analytics is General Motors.

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The automobile business relies heavily on crowdsourcing to guide its choice of designs for production.

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Satisficing refers to making the best possible decision that can be made.

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Crowdsourcing is best employed when in-house ________ is lacking.

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Crowdsourcing can be used to develop alternative solutions to a problem.

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What is a strong cause of groupthink?

(Multiple Choice)
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Sunk costs refer to resources that were knowingly committed to a failing course of action.

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Much of what passes for decision making in organizations consists of guessing what the boss favours.

(True/False)
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