Exam 10: Making Decisions

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The availability heuristic:

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A

Which of the following statements is true of intuition in decision making?

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D

Intuition always slows down the decision-making process.

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False

Which of the following reduces consensus roadblocks and helps to collect more information in a shorter span of time?

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Judgmental heuristics are highly useful when people wish to avoid making mistakes during the course of decision making.

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Which of the following represents pitfalls associated with using judgmental heuristics in decision making?

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_____ style of decision-making has a much higher tolerance for ambiguity and is characterized by the tendency to overanalyze a situation.

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A _____ is a graphical representation of the process underlying decisions,and it shows the resulting consequences of making various choices.

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Whether you face a problem or an opportunity,the goal is always the same: to make improvements that change conditions from their current state to more desirable ones.

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Which of the following approaches is good for fostering creativity in the organizational context?

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Satisficing encourages effective group decision making.

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The nominal group technique is useful when face-to-face discussions are impractical,when disagreements and conflict are likely to impair communication,and when groupthink is a probable outcome of the group process.

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Research indicates that in the face of environmental threats such as time pressure and the potentially serious effects of a decision,groups have a higher probability of making a bad decision.

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Those with an analytical decision-making style foster an idealistic and indecisive approach to decision making.

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George has been working frantically past the deadline on a project despite it being declared obsolete by his superiors.This illustrates a confirmation bias.

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Which of the following statements is true of the nominal group technique?

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_____ consists of choosing a solution that meets some minimum qualifications,one that is "good enough."

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The gap between an actual and desired situation creates:

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What are the steps involved in evidence-based decision making?

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Dmitri is the most senior researcher at Viatus Corp.He likes to make his decisions quickly and always wants to see people working on projects that yield tangible results.He looks at short-term goals and likes having control over how things are run.He can be described as having which decision-making style?

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