Exam 4: Foundations of Decision Making

In a short essay, discuss why creativity is important to decision making.Describe a situation in which a creative solution is used to solve a problem.

Which of the following is the best definition for the word satisfice?

Which model of decision making takes advantage of unconscious reasoning?

In allocating weights to the decision criteria, which of the following is most helpful to remember?

Which of the following is NOT a characteristic of a creative problem solver?

Expert systems are primarily used to help what kinds of decision makers?

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. -The very last step Sondra should take, according to the decision-making process, is to ________.

Software programs that use a series of questions to aid humans in decision making are called ________.

Sticking to a decision despite evidence that it is a mistake is called ________.

________ is a situation in which a decision maker has incomplete information about outcomes and does not have the ability to reasonably estimate outcomes that are not known.

A manager is more confident of his assessment of a situation if it involves risk rather than uncertainty.

It is assumed that a rational decision maker ________.

A football coach makes the decision to punt or not to punt on fourth down based on whether he is past his own 50-yard line.Which decision-making method does the coach use?

Decisions made by individuals typically suffer from suspicions that the decision maker ________.

The expression "throwing good money after bad" is an example of an escalation of commitment.

A banker opts for short-term gain despite indications that his decision might not pay off in the long run.Which error or bias is the banker guilty of?

A scientist cites two studies that show a positive effect for her drug and ignores five other studies that show a negative effect.Which error or bias is she committing?

The three main models that managers use to make decisions are ________.

Which of the following is LEAST likely to be a decision criterion for a high-tech bicycle buyer who cares primarily about performance?

A manager is determining what kind of new computers she should purchase for her department.She has made a list of five different computer models for consideration.Which stage of the decision-making process is this?