Exam 11: Decision Making

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You have just applied for a job and when completing the application form you were surprised to see questions about your age and marital status.Such questions would seem to violate equal employment and human rights legislation and not likely to be related to the job.It made you wonder why a company would ask these questions.What is a good explanation for this?

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The following illustrate the operation of bounded rationality EXCEPT

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According to the groupthink phenomenon,group members who are overconfident and willing to assume great risks are suffering from

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Which of the following is another name for a programmed problem solution technique?

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The perfectly rational characteristics embodied in Economic Persons exist in many decision makers.

(True/False)
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A study of 356 decisions in medium and large organizations found that ________ of the decisions made in organizations fail.

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Which of the following is probably an example of the irrational treatment of sunk costs?

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Which of the following is an example of diffusion of responsibility?

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Many of the problems encountered in organizations are well structured.

(True/False)
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Expertise is sought among the masses when using ________.

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A program would most likely be used

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What is evidence-based management?

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Confirmation bias occurs during problem identification.

(True/False)
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Which of the following is an application of crowdsourcing?

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Decision makers who establish an adequate level of acceptability for a solution and then screen solutions until one that exceeds this level is found are

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

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People in a good mood tend to overestimate the likelihood that good events will occur and underestimate the occurrence of bad events.

(True/False)
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The manager who wishes to diffuse responsibility for a potentially incorrect decision should

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Discuss the effect of mood on decision making.What kind of decisions are most likely to be affected by mood,and what does research reveal about moods and decision making?

(Essay)
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Individuals are more prone than groups to escalate commitment.

(True/False)
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