Question 1

The knew-it-all-along effect is an example of faulty hindsight.

Accepted Answer

A) True 
 B)False

Question 2

What three things are noteworthy about the definition of decision making?

Accepted Answer

A) Choice, problem, and resources 
B) Choice, problem, and process 
C) Choice, process, and resources 
D) Problem, process, and resources 
E) Choice, problem, and program 
A) Choice, problem, and resources 
B) Choice, problem, and process 
C) Choice, process, and resources 
D) Problem, process, and resources 
E) Choice, problem, and program

Question 3

Which of the following is the most accurate description of crowdsourcing?

Accepted Answer

A) it involves contracting with outside experts 
B) expertise is sought among experts in the area of concern 
C) expertise is sought among the masses 
D) expertise is sought from consultants 
E) expertise is sought from decision making experts 
A) it involves contracting with outside experts 
B) expertise is sought among experts in the area of concern 
C) expertise is sought among the masses 
D) expertise is sought from consultants 
E) expertise is sought from decision making experts

Question 4

Crowdsourcing is the same as contracting with outside experts.

Accepted Answer

A) True 
 B)False

Question 5

A study of 356 decisions in medium to large organizations found that half the decisions made in organizations fail.

Accepted Answer

A) True 
 B)False

Question 6

Define bounded rationality and discuss the difficulties it can lead to in problem identification?

Accepted Answer

Bounded rationality is a decision strate

Question 7

________ frequently arouse controversy and conflict among the people who are interested in the decision.

Accepted Answer

Ill-struct

Question 8

Mood affects what and how people think when making decisions.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following is an example of an ill-structured problem?

Accepted Answer

A) Which of these 10 car loan applications should I approve? 
B) How much assistance should this client receive? 
C) How much weight should I carry? 
D) In which part of the country should we build a new plant? 
E) All of the above 
A) Which of these 10 car loan applications should I approve? 
B) How much assistance should this client receive? 
C) How much weight should I carry? 
D) In which part of the country should we build a new plant? 
E) All of the above

Question 10

Low-cost information technology and the rise of expertise in the general public have contributed to the growth of crowdsourcing as a decision aid.

Accepted Answer

A) True 
 B)False

Question 11

Individuals who prefer a conservative solution to a problem will probably make an even more conservative decision when they meet as a group.

Accepted Answer

A) True 
 B)False

Question 12

When people frame the alternatives as a choice between gains,they tend to make conservative decisions.

Accepted Answer

A) True 
 B)False

Question 13

Sally tended to make a riskier decision about investing in her small business after reading an article in Fortune.This is an example of the risky shift phenomenon.

Accepted Answer

A) True 
 B)False

Question 14

An Economic Person does NOT

Accepted Answer

A) make rational decisions. 
B) make decisions like the average consumer or manager. 
C) use economic gain to evaluate the correctness of decisions. 
D) have adequate information to make good decisions. 
E) use logic in making decisions. 
A) make rational decisions. 
B) make decisions like the average consumer or manager. 
C) use economic gain to evaluate the correctness of decisions. 
D) have adequate information to make good decisions. 
E) use logic in making decisions.

Question 15

Information overload is likely to lead to

Accepted Answer

A) fast decision making. 
B) only relevant information influencing decision making. 
C) greater confidence by managers in their decisions. 
D) higher quality decisions. 
E) lower satisfaction with the ultimate decision. 
A) fast decision making. 
B) only relevant information influencing decision making. 
C) greater confidence by managers in their decisions. 
D) higher quality decisions. 
E) lower satisfaction with the ultimate decision.

Question 16

Data generated by or for a specific organization can constitute reasonable evidence.

Accepted Answer

A) True 
 B)False

Question 17

The views of experts and professionals with profound experience in a particular domain can constitute evidence.

Accepted Answer

A) True 
 B)False

Question 18

Big data tends to be well structured and easily incorporated into standard databases.

Accepted Answer

A) True 
 B)False

Question 19

Moneyball is an example of analytics.

Accepted Answer

A) True 
 B)False

Question 20

Which of the following is NOT a difficulty that can result from bounded rationality in problem identification?

Accepted Answer

A) Perceptual defence 
B) Problem defined in terms of functional specialty 
C) Problem defined in terms of solution 
D) Problem diagnosed in terms of symptoms 
E) Problem defined as ill-structured 
A) Perceptual defence 
B) Problem defined in terms of functional specialty 
C) Problem defined in terms of solution 
D) Problem diagnosed in terms of symptoms 
E) Problem defined as ill-structured

The knew-it-all-along effect is an example of faulty hindsight.

What three things are noteworthy about the definition of decision making?

Which of the following is the most accurate description of crowdsourcing?

Crowdsourcing is the same as contracting with outside experts.

A study of 356 decisions in medium to large organizations found that half the decisions made in organizations fail.

Define bounded rationality and discuss the difficulties it can lead to in problem identification?

________ frequently arouse controversy and conflict among the people who are interested in the decision.

Mood affects what and how people think when making decisions.

Which of the following is an example of an ill-structured problem?

Low-cost information technology and the rise of expertise in the general public have contributed to the growth of crowdsourcing as a decision aid.

Individuals who prefer a conservative solution to a problem will probably make an even more conservative decision when they meet as a group.

When people frame the alternatives as a choice between gains,they tend to make conservative decisions.

Sally tended to make a riskier decision about investing in her small business after reading an article in Fortune.This is an example of the risky shift phenomenon.

An Economic Person does NOT

Information overload is likely to lead to

Data generated by or for a specific organization can constitute reasonable evidence.

The views of experts and professionals with profound experience in a particular domain can constitute evidence.

Big data tends to be well structured and easily incorporated into standard databases.

Moneyball is an example of analytics.

Which of the following is NOT a difficulty that can result from bounded rationality in problem identification?

Organizational Behaviour and Management

Personality and Learning

Perception, Attribution, and Diversity

Values,Attitudes,and Work Behaviour

Theories of Work Motivation

Motivation in Practice

Groups and Teamwork

Social Influence, Socialization, and Organizational Culture

Leadership

Communication

Power, Politics, and Ethics

Conflict and Stress

Organizational Structure

Organizational Change,Development,and Innovation

Filters

Exam 11: Decision Making

The knew-it-all-along effect is an example of faulty hindsight.

What three things are noteworthy about the definition of decision making?

Which of the following is the most accurate description of crowdsourcing?

Crowdsourcing is the same as contracting with outside experts.

A study of 356 decisions in medium to large organizations found that half the decisions made in organizations fail.

Define bounded rationality and discuss the difficulties it can lead to in problem identification?

________ frequently arouse controversy and conflict among the people who are interested in the decision.

Mood affects what and how people think when making decisions.

Which of the following is an example of an ill-structured problem?

Low-cost information technology and the rise of expertise in the general public have contributed to the growth of crowdsourcing as a decision aid.

Individuals who prefer a conservative solution to a problem will probably make an even more conservative decision when they meet as a group.

When people frame the alternatives as a choice between gains,they tend to make conservative decisions.

Sally tended to make a riskier decision about investing in her small business after reading an article in Fortune.This is an example of the risky shift phenomenon.

An Economic Person does NOT

Information overload is likely to lead to

Data generated by or for a specific organization can constitute reasonable evidence.

The views of experts and professionals with profound experience in a particular domain can constitute evidence.

Big data tends to be well structured and easily incorporated into standard databases.

Moneyball is an example of analytics.

Which of the following is NOT a difficulty that can result from bounded rationality in problem identification?

Organizational Behaviour and Management

Personality and Learning

Perception, Attribution, and Diversity

Values,Attitudes,and Work Behaviour

Theories of Work Motivation

Motivation in Practice

Groups and Teamwork

Social Influence, Socialization, and Organizational Culture

Leadership

Communication

Power, Politics, and Ethics

Conflict and Stress

Organizational Structure

Organizational Change,Development,and Innovation

Filters