Exam 11: Making Decisions

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A decision rule is an automated response to a problem or issue that occurs frequently.

(True/False)
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One of the symptoms of ________ is the illusion of invulnerability which,when shared by all team members,creates excessive optimism and encourages them to take extreme risks.

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Group decisions regularly outperform the decision of the group's best member.

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When you say,"I know I should have taken this car in for service when I first heard the noises,and now it's just quit on me," you are exhibiting the decision-making trap,______________.

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What was the goal of the new mission statement that Satya Nadella implemented when he took the helm at Microsoft?

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One of the pros of group decision making is the potential for greater commitment to the decision.

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When a decision is important and outcomes need to be maximized,use the _________________________ to make your decision.

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Given research on anchoring bias,individuals are more likely to assume that more people die from car accidents as compared to stomach cancer.

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Which of these is NOT a step in the creative decision making process?

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If the goal of your decision making is to make the optimum decision or make the best choice,you should utilize

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Give an example of a tactical decision and indicate who makes it.

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The intuitive decision-making model is best used when the decision maker has experience with the problem and there is time pressure.

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Emma is ready to buy new tires for her car,and she finds a great sale.However,after she analyzes the brand of tire she wants for two weeks and whether she needs snow tires too,the tires are no longer on sale.Emma lost out on the sale because of

(Multiple Choice)
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Sandi's Bakery started selling out of their muffins.Sandi thought that it was because she changed the recipe slightly and now her customer's loved the muffins.Actually,it was because Pablo at ABC Trucking promised to bring muffins for a month if the drivers all made their deliveries on time. Sandi experienced an

(Multiple Choice)
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In order to successfully bring Mikael back to the rebuild Rovio,Niklas had to

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Which of the following would be a good piece of advice to offer a company that is trying to enhance organizational creativity?

(Multiple Choice)
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Decision trees are helpful in avoiding errors due to overconfidence bias.

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Innovation and creativity are the same thing.

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American managers tend to value quick decision making while Chinese managers favor more reflective decision making.

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Which of the following is a guideline in determining whether a decision is ethical?

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