Question 1

What is crowdsourcing and how can it aid decision making?

Accepted Answer

Crowdsourcing involves "outsourcing" asp

Question 2

Receiving more information than is necessary to make an effective decision puts a person in a state of ________.

Accepted Answer

informatio

Question 3

What company is strongly identified with the use of analytics?

Accepted Answer

A) General Motors 
B) General Electric 
C) Lincoln Electric 
D) Telus 
E) Starbucks 
A) General Motors 
B) General Electric 
C) Lincoln Electric 
D) Telus 
E) Starbucks

Question 4

Crowdsourcing can be used to identify a problem.

Accepted Answer

A) True 
 B)False

Question 5

People high on neuroticism and negative affectivity are more likely to escalate.

Accepted Answer

A) True 
 B)False

Question 6

Define analytics and provide an example of how it has been used in decision making.

Accepted Answer

Analytics concerns finding meaningful pa

Question 7

Much of what passes for decision making in organizations consists of

Accepted Answer

A) evidence-based management. 
B) guessing what employees favour. 
C) doing what the boss favours. 
D) doing what employees favour. 
E) guessing what the boss favours. 
A) evidence-based management. 
B) guessing what employees favour. 
C) doing what the boss favours. 
D) doing what employees favour. 
E) guessing what the boss favours.

Question 8

A standardized way of solving a problem is a(n)________.

Accepted Answer

The answer of A standardized way of solving a problem...

Question 9

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

Accepted Answer

The answer of Evidence-based management has its roots in evidence-based...

Question 10

Programs should be used to solve ill-structured problems.

Accepted Answer

A) True 
 B)False

Question 11

Too little information can damage the quality of decisions but you can never have too much information for making a decision.

Accepted Answer

A) True 
 B)False

Question 12

When people view a problem as a choice between losses,they tend to make conservative decisions.

Accepted Answer

A) True 
 B)False

Question 13

Escalation can occur in both competitive and noncompetitive situations.

Accepted Answer

A) True 
 B)False

Question 14

Analytics concerns finding meaningful patterns in large ________.

Accepted Answer

The answer of Analytics concerns finding meaningful patterns in large...

Question 15

Rules,routines,and rules of thumb are programmed solution techniques.

Accepted Answer

A) True 
 B)False

Question 16

After graduating from university you are planning to get a job as an accountant.Your best friend Jay is planning on opening his own restaurant.He says he has thought a great deal about this and believes he will be very successful and it is a good decision.You explain to him that most new restaurants fail,but it does not factor into Jay's decision.What does this demonstrate?

Accepted Answer

A) Base rates 
B) Anchoring effect 
C) Perceptual defence 
D) Sunk costs 
E) Hindsight 
A) Base rates 
B) Anchoring effect 
C) Perceptual defence 
D) Sunk costs 
E) Hindsight

Question 17

People in a good mood approach decisions in a deliberate,systematic,detailed way.

Accepted Answer

A) True 
 B)False

Question 18

Groups almost always make riskier decisions than individuals.

Accepted Answer

A) True 
 B)False

Question 19

Decision makers violate statistical principles at what stage of the decision making process?

Accepted Answer

A) Problem identification 
B) Information search 
C) Solution implementation 
D) Solution evaluation 
E) Alternative development, evaluation, and choice 
A) Problem identification 
B) Information search 
C) Solution implementation 
D) Solution evaluation 
E) Alternative development, evaluation, and choice

Question 20

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

Accepted Answer

A) True 
 B)False

What is crowdsourcing and how can it aid decision making?

Receiving more information than is necessary to make an effective decision puts a person in a state of ________.

What company is strongly identified with the use of analytics?

Crowdsourcing can be used to identify a problem.

People high on neuroticism and negative affectivity are more likely to escalate.

Define analytics and provide an example of how it has been used in decision making.

Much of what passes for decision making in organizations consists of

A standardized way of solving a problem is a(n)________.

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

Programs should be used to solve ill-structured problems.

Too little information can damage the quality of decisions but you can never have too much information for making a decision.

When people view a problem as a choice between losses,they tend to make conservative decisions.

Escalation can occur in both competitive and noncompetitive situations.

Analytics concerns finding meaningful patterns in large ________.

Rules,routines,and rules of thumb are programmed solution techniques.

People in a good mood approach decisions in a deliberate,systematic,detailed way.

Groups almost always make riskier decisions than individuals.

Decision makers violate statistical principles at what stage of the decision making process?

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

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

What is crowdsourcing and how can it aid decision making?

Receiving more information than is necessary to make an effective decision puts a person in a state of ________.

What company is strongly identified with the use of analytics?

Crowdsourcing can be used to identify a problem.

People high on neuroticism and negative affectivity are more likely to escalate.

Define analytics and provide an example of how it has been used in decision making.

Much of what passes for decision making in organizations consists of

A standardized way of solving a problem is a(n)________.

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

Programs should be used to solve ill-structured problems.

Too little information can damage the quality of decisions but you can never have too much information for making a decision.

When people view a problem as a choice between losses,they tend to make conservative decisions.

Escalation can occur in both competitive and noncompetitive situations.

Analytics concerns finding meaningful patterns in large ________.

Rules,routines,and rules of thumb are programmed solution techniques.

People in a good mood approach decisions in a deliberate,systematic,detailed way.

Groups almost always make riskier decisions than individuals.

Decision makers violate statistical principles at what stage of the decision making process?

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

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