Exam 12: Individual and Group Decision Making

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_____ represents a decision maker's tendency to base decisions on information that is readily accessible in his or her memory.

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Which of the following is true about consensus?

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_____ entails identifying and choosing alternative solutions that lead to a desired state of affairs.

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Which of the following is true about the garbage can model?

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When there was a rapid increase in valuation of housing, lenders and buyers strongly believed that prices would keep going up. The subsequent drop in housing values left both banks and borrowers with huge losses. This incident is a result of:

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The willingness to give and accept ongoing feedback in a nondefensive manner is a critical component of a culture dedicated to creativity.

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The limitations of bounded rationality result in the tendency to acquire manageable rather than optimal amounts of information.

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People with analytical style like to consider more information and alternatives than do directives.

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_____ reflects a decision maker's estimate of the probability of an event occurring, reflecting the tendency to assess the likelihood of an event occurring based on one's impressions about similar occurrences.

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Creative individuals are usually happy with the status quo.

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Chauffer driven and group driven systems are used in _____.

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Which of the following is true about the expertise component of intuition?

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Antony was looking to buy a used car. His friends had asked him to check the model of the year of the car before buying it. He was thus focusing extensively on the odometer reading and the model of the year of the car to evaluate the value of the car, instead of inspecting the engine or the transmission of the vehicle. This implies that Antony was engaging himself in the _____ bias.

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Which of the following styles is the most people oriented style?

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A problem exists when the actual situation and the desired situation differ.

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Which of the following is proposed by the garbage can model?

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Lily had finished her high school and was ready to go to university. However, she also loved sports. She wanted to join a basketball academy and become a professional basketball player. She found this situation very stressful and was psychologically uncomfortable. This implies that Lily had a(n) _____.

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Automated experiences represent a choice that is based on a familiar situation and a partially subconscious application of previously learned information related to that situation.

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The Delphi technique is useful when face-to-face discussions are impractical and when disagreements and conflict are likely to impair communication.

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The _____ technique reduces the roadblocks to group decision making by separating idea generation from evaluation, promoting balanced participation among members, and incorporating mathematical voting techniques in order to reach consensus.

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