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OAM330 Exam 1 Questions With Correct Answers

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  • OAM 330

OAM330 Exam 1 Questions With Correct Answers Organizational Behavior - answera field of study that investigates individual behaviors and their impact on organizations. can later be used to improve organization's effectiveness. Behavior is not _____ - answerrandom. - people look towards contro...

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  • October 20, 2024
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  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • OAM 330
  • OAM 330
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sirjoel
©SIRJOEL EXAM SOLUTIONS
12/3/2024 11:27AM



OAM330 Exam 1 Questions With Correct
Answers


Organizational Behavior - answer✔a field of study that investigates individual behaviors and

their impact on organizations.

can later be used to improve organization's effectiveness.


Behavior is not _____ - answer✔random.


- people look towards control/certainty


6 decision making biases - answer✔1) anchoring


2) confirmation bias

3) over-confidence

4) availability bias

5) loss aversion

6) escalation of commitment


anchoring - answer✔bias where a piece of information is relied upon/anchored to to make a

decision

, ©SIRJOEL EXAM SOLUTIONS
12/3/2024 11:27AM


anchoring examples - answer✔- salaries after a recession


- housing estimates for real-estate agents

- negotiations: first offer becomes the anchor


anchoring solutions - answer✔- awareness


- collecting more estimates


confirmation bias - answer✔a tendency to search for information that confirms one's

preconceptions




"we see what we want to see"

Confirmation bias:


evidence in support of our bias is seen as _____ - answer✔credible


confirmation bias examples - answer✔- WebMD for hypchondriacs


- fortune tellers

- fear with vaccines among antivaxers


confirmation bias defenses/solutions - answer✔- play devil's advocate (the other side)


- ask a third party

, ©SIRJOEL EXAM SOLUTIONS
12/3/2024 11:27AM


- ask diagnostic questions instead of confirming questions


overconfidence - answer✔bias created by overconfidence in ones own judgments


overconfidence consequence - answer✔planning fallacy --> people underestimating amount of

time/resources needed


Planning fallacy examples - answer✔- titanic


- financial/housing crisis

- Garrett with any planning


over confidence defenses/solutions: - answer✔- awareness


- seek disconfirming information

- be objective


availability bias - answer✔bias in reasoning where examples easily brought to mind are relied on

to make judgments.

affected by vividness or recency


availability bias consequence - answer✔- misconception of risk


- overestimating our contributions


examples of misconception of risk - answer✔- plane crashes, shark attacks, murders

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