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MNGT 3107 EXAM TEST 2 QUESTIONS CORRECTLY ANSWERED AND RATED A 100% VERIFIED.
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MNGT 3107 EXAM TEST 2 QUESTIONS CORRECTLY ANSWERED AND RATED A 100% VERIFIED.
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MNGT 3107 EXAM TEST 2 QUESTIONSCORRECTLY ANSWERED AND RATED A 100%
VERIFIED.
Define Artificial Intelligence.
ability of a computer system to perform tasks that normally require human
intelligence
Define decision-making style
reflects the combination of how an individual perceives and responds to information,
two dimensions- value orientation and tolerance for ambiguity
Describe the value orientation decision making style
reflects the extent to which a person focuses on either task and technical concerns
when making decisions
Describe the tolerance for ambiguity decision making style.
extent to which a person has a high need for structure of their life- high need/low
tolerance or low need/high tolerance
What are the four decision making style?
directive, analytical, conceptual, and behavioral styles
What are the characteristics of the directive style?
action oriented decision makers who focus on facts, low tolerance with task and
technical concerns
What are the characteristics of the analytical style?
careful decision makers who like lots of information and alternative choices, high
tolerance and task and technical concerns
What are the characteristics of the conceptual style?
decision makers who rely on intuition and have a long term perspective, high
tolerance and people and social concerns
,What are the characteristics of the behavioral style?
the most people oriented, low tolerance and people and social concerns
What are the ten common decision making biases, rules of thumb or heuristics?
availability, representativeness, confirmation, sunk-cost, anchoring and adjustment,
overconfidence, hindsight, framing, escalation of commitment, categorical thinking
What is availability bias?
using only the information available
What is the representativeness bias?
faulty generalizing from a small sample or single event
What is confirmation bias?
seeking information to support your point of view
What is sunk cost bias?
money already spent seems to justify continuing
What is the anchoring and adjustment bias?
being influenced by an initial figure
What is the overconfidence bias?
blind to our own blindness
What is the hindsight bias?
the I-Knew-it-all-along effect
What is the framing bias?
shaping the way a problem is presented
What is the escalation of commitment bias?
feeling overly invested in a decision
What is the categorical thinking bias?
sorting information into buckets
, What are the pros and cons of group decision making?
pros-greater pool of knowledge, different perspectives, intellectually stimulating,
grasp on decision rationale, deep commitment to decision
cons-people could dominate, groupthink, satisficing, goal displacement
What are the characteristics of group decision making?
less efficient, size affects decision quality, overconfidence, knowledge counts
What are the dos and don'ts of group problem solving?
do- actively listen, involve most members, look for reason behind arguments, focus
on facts
don'ts- don't just agree to avoid rocking the boat, don't put questions to a vote
Describe the devil's advocate approach to group problem solving?
have people there to criticize the proposal
Describe the dialectic method to group problem solving.
make a counter proposal and then everyone present the merits of the original
proposal
What is organizational culture?
set of shared, taken for granted implicit assumptions that a group holds and that
determines how it perceives, thinks about, and reacts to its various environments,
why it does what it does to reach long term goals
What is organizational structure?
formal system of task and reporting relationships- who reports to whom and who
does what
Describe HR practices.
all of the activities an organization uses to manage its human capital
What does an organization's performance depend on?
the ability of a company's organizational structure, organizational culture, and HR
practices work together
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