Exam 4: Foundations of Decision Making

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When dealing with international organizations, managers must be ________ in order to accommodate the managing styles of different cultures.

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Groups decisions are usually ________ individual decisions.

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The use of ringisei in Japanese organizations reflects which of the following values in Japanese culture?

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Maximizing value means a decision will have the best possible outcome for the parties involved.

(True/False)
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Decision makers who "cherry-pick" information that matches what they already know are guilty of confirmation bias.

(True/False)
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Individualistic countries like the United States tend to have ________ than group-oriented countries like Japan.

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________ helps people find better solutions to problems using innovative problem-solving methods.

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Decisions, Decisions (Scenario) Sondra needed help. Her insurance company's rapid growth was necessitating making some IT changes, but what changes? Should they modify the servers that they currently used or purchase an entirely new system? Sondra was confused and needed help in making the correct decision. -Sondra has decided to purchase a new system.After obtaining permission, she has ordered the system from a reputable company.Which stage of the decision-making process is she carrying out in making the order?

(Multiple Choice)
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French management style tends to be ________ in style.

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According to one study, about ________ of men and women were somewhat creative.

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An advantage of group decisions is that they increase the perception of the legitimacy of the solution.

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The second step in the decision-making process is identifying a problem.

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One assumption of bounded rationality is that managers can analyze all relevant information about all alternatives for a situation.

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Which of the following is NOT a factor that can increase the probability of groupthink?

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A low-level manager is most likely to solve problems under which condition?

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Two major advantages of electronic meetings are anonymity and honesty.

(True/False)
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A key to what is commonly used to assess risk is for a decision maker to examine the ________ an investment.

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In a short essay, discuss bounded rationality and satisficing.

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What does it mean for a decision maker to maximize value?

(Multiple Choice)
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Seeking the views of a diverse group of people can provide a decision maker with ________ on issues.

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