Exam 10: Making Decisions

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Groupthink and logrolling are the advantages of group-aided decision making.

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The tendency to stick to an ineffective course of action when it is unlikely that the bad situation can be reversed refers to:

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The first step in the rational model of decision making is to:

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Despite criticism for being unrealistic,the rational model of decision making is instructive because it analytically breaks down the decision-making process and serves as a conceptual anchor for newer models.

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In a complex context,decision makers:

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Ivan has decided to buy a Porsche Cayenne and is reading up about why it is an excellent vehicle for his use.He is avoiding any information about possible competitors to the vehicle.He is deciding using an anchoring bias.

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Which of the following is true of brainstorming?

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During the incubation phase of creativity,an individual focuses on the problem at hand.

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Research shows that overoptimism significantly influences entrepreneurs' decisions to start and sustain new ventures.

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_____ involve(s)"making remote associations" between unconnected events,ideas,and information stored in memory,or physical objects.

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Define escalation of commitment.Give an example of escalation of commitment in an organizational setting.

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Which of the following is a disadvantage of group-aided decision making?

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Viatus Corp.creates detailed manuals to share the knowledge of its crop modification procedures among employees.They are said to be sharing tacit knowledge.

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The _____ represents a decision maker's tendency to base decisions on information that is readily available in memory.

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Which of the following models is said to be the conceptual anchor for newer models of decision-making?

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The four decision-making styles are:

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According to research,most managers have characteristics that fall into two or three decision-making styles.

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Describe what guidelines a manager should use to determine whether groups should be included in the decision-making process.

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The _____ model of decision making attempts to explain how problems,solutions,participants,and choice opportunities interact and lead to a decision.

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Tobit is a careful decision maker.He likes ambiguous situations and is comfortable when dealing with something new or uncertain.He can be described as having a(n)_____ style of decision-making.

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