A tool that supports programmed decisions, __________ guides the decision maker to the correct choice and consistency of decision making.
-a decision tree
-majority rule
-the nominal group technique
-anchoring - Answer a decision tree
__________ are unique and important and require consci...
MNGT 3810 Exam 3: Fetsch Midterm
Questions Fully Solved.
A tool that supports programmed decisions, __________ guides the decision maker to the correct choice
and consistency of decision making.
-a decision tree
-majority rule
-the nominal group technique
-anchoring - Answer a decision tree
__________ are unique and important and require conscious thinking, information gathering, and
careful consideration of alternatives.
The availability of too much information and too many choices can lead to __________, where more and
more time is spent on gathering information and thinking about it, but no decisions actually get made.
-analysis paralysis
-framing bias
-anchoring
-groupthink - Answer analysis paralysis
In the bounded rationality model of decision making, individuals __________.
-conduct an exhaustive search for options and only settle on the best choice once all feasible alternatives
have been considered
-think about the problem and gather information, sets the problem aside for a while, then considered
the possible solution after achieving an insight moment
,-intentionally limit their options to a manageable set and choose the best alternative without conducting
an exhaustive search for alternatives
-recognize patterns similar to those that have been seen before and make an appropriate choice based
on that knowledge, training, or experience - Answer intentionally limit their options to a manageable
set and choose the best alternative without conducting an exhaustive search for alternatives
The first and most important step in innovation is __________.
-budgeting
-rationalization
-groupthink
-creativity - Answer creativity
true or false:
Escalation of commitment bias describes when information that is more readily available is seen as more
likely to occur. - Answer false
__________ is a group process of generating ideas that follows a set of guidelines, which includes no
criticism of ideas and building on others' ideas.
-groupthink
-intuitive decision making
-satisficing
-brainstorming - Answer brainstorming
Mundane decisions that usually do not take much time and are fairly straightforward are _____________
decisions - Answer programmed
Decisions that are unique and important which require conscious thinking, information gathering, and
careful consideration of alternatives are called __________________ decisions. - Answer
nonprogrammed
True or false:
, It is very important for managers to make good decisions because they are responsible for allocating
their organization's scarce resources. - Answer true
The rational decision-making model should be used when __________.
-information on alternatives can be gathered and quantified
-possible solutions to the problem are difficult to identify
-group members have perceptual biases
-the group's goals are unclear - Answer information on alternatives can be gathered and quantified
Stopping at the very first option that meets your minimally-acceptable criteria, even though other
options yet to be considered may be better, is known as __________.
-wildstorming
-groupthink
-satisficing
-onboarding - Answer satisficing
__________ occurs when individuals overestimate their ability to predict future events.
A group pressure phenomenon that increases the risk of the group making flawed decisions by allowing
reductions in mental efficiency, reality testing, and moral judgment is called __________.
-groupthink
-satisficing
-nominal group techique
-brainstorming - Answer groupthink
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