Question 1

Decision trees tend to be helpful in guiding the decision maker to a predetermined alternative, but do not ensure consistency of decision making.

Accepted Answer

A) True 
 B)False

Question 2

Creative decision making includes which of the following?

Accepted Answer

A)   Illustration
B)   Problem solving
C)   Immersion
D)   Creative coordinationE) B) and D)
F) None of the above

Question 3

Research shows that a Group Decision Support System (GDSS) can actually improve the output of group collaborative work through higher information sharing.

Accepted Answer

A) True 
 B)False

Question 4

_______________ occurs when looking backward in time where mistakes made seem obvious after they have already occurred.

Accepted Answer

The answer of _______________ occurs when looking backward in time...

Question 5

______________ refers to the tendency of individuals to rely too heavily on arbitrary numbers, irrelevant traits, or facts when making decisions.

Accepted Answer

Anchoring ...

Question 6

People often use the rational decision making model when:

Accepted Answer

A)   Information on alternatives can be gathered and quantified
B)   The minimum criteria are clear
C)   Goals are unclear
D)   Solutions to the problem are not clearE) A) and D)
F) B) and C)

Question 7

Groupthink is characterized by which of the following symptoms?

Accepted Answer

A)   Invulnerability
B)   Collective modeling
C)   Nominal Group Technique (NGT)  is used more often than it should
D)   Stereotyped views of out-groups are seen when groups discount rivals' abilities to make effective responsesE) B) and D)
F) A) and D)

Question 8

Kahneman and Tversky found that individuals are influenced in making decisions by which of the following?

Accepted Answer

A)   De-escalation
B)   Overconfidence
C)   Decision bias
D)   Constructing biasE) All of the above
F) None of the above

Question 9

Despite its popularity within organizations, group decision making suffers from which of the following?

Accepted Answer

A)   Groups commonly outperform their best member, which can lead to intra-group rivalries.
B)   Group decision making is not a thorough process for some management decisions.
C)   Groups can suffer from social isolation.
D)   Groups may suffer from the tendency to avoid critical evaluation of ideas the group favors.E) All of the above
F) None of the above

Question 10

If you are able to generate several distinct solutions to a problem, your decision-making process is high on ______________.

Accepted Answer

The answer of If you are able to generate several...

Question 11

Creativity and innovation are the same thing.

Accepted Answer

A) True 
 B)False

Question 12

Some recommendations for avoiding groupthink include the following EXCEPT:

Accepted Answer

A)   Discuss the symptoms of groupthink and how to avoid them
B)   Assign a rotating devil's advocate
C)   Encourage a culture of difference where different ideas are valued
D)   Break up the teamE) B) and D)
F) None of the above

Question 13

The Delphi technique refers to a decision-making rule where each member of the group is given a single vote and the option which receives the greatest number of votes is selected.

Accepted Answer

A) True 
 B)False

Question 14

How does one avoid overconfidence bias?

Accepted Answer

To avoid this bias, take the t...

Question 15

Research suggests that the simple exercise of imagining what could go wrong with a given decision can increase your ability to correctly identify reasons for future successes or failures by ___________.

Accepted Answer

The answer of Research suggests that the simple exercise of...

Question 16

One of the most important considerations in management is whether or not the decisions you are making as an employee or manager are ethical.

Accepted Answer

A) True 
 B)False

Question 17

A problem the Group Decision Support System (GDSS)  intended to solve is:

Accepted Answer

A)   Use in virtual meetings
B)   Need for immediate feedback
C)   Lack of control over the issues
D)   To make sure every idea is heardE) A) and D)
F) A) and C)

Question 18

The model that refers to arriving at decisions without conscious reasoning is called ___________________.

Accepted Answer

intuitive ...

Question 19

The tendency to accept the first alternative that meets minimum criteria is called:

Accepted Answer

A)   Bounded rationality model
B)   Intuitive decision-making model
C)   Satisfice
D)   Analysis paralysisE) C) and D)
F) All of the above

Question 20

In 2005, McDonald's became aware of a need to respond to growing customer concerns regarding the unhealthy aspects of the food they sell in terms of being high in fat and calories, is an example of a programmed decision.

Accepted Answer

A) True 
 B)False

Exam 10: Strategy and International Business

The model that refers to arriving at decisions without conscious reasoning is called ___________________.

Correct Answerverifiedintuitive ...View AnswerShow Answer

People often use the rational decision making model when:

Correct AnswerverifiedShow Answer

In 2005, McDonald's became aware of a need to respond to growing customer concerns regarding the unhealthy aspects of the food they sell in terms of being high in fat and calories, is an example of a programmed decision.

Correct AnswerverifiedShow Answer

A problem the Group Decision Support System (GDSS) intended to solve is:

Correct AnswerverifiedShow Answer

Creativity and innovation are the same thing.

Correct AnswerverifiedShow Answer

How does one avoid overconfidence bias?

Correct AnswerverifiedTo avoid this bias, take the t...View AnswerShow Answer

One of the most important considerations in management is whether or not the decisions you are making as an employee or manager are ethical.

Correct AnswerverifiedShow Answer

Decision trees tend to be helpful in guiding the decision maker to a predetermined alternative, but do not ensure consistency of decision making.

Correct AnswerverifiedShow Answer

Research shows that a Group Decision Support System (GDSS) can actually improve the output of group collaborative work through higher information sharing.

Correct AnswerverifiedShow Answer

Groupthink is characterized by which of the following symptoms?

Correct AnswerverifiedShow Answer

If you are able to generate several distinct solutions to a problem, your decision-making process is high on ______________.

Correct AnswerverifiedShow Answer

_______________ occurs when looking backward in time where mistakes made seem obvious after they have already occurred.

Correct AnswerverifiedShow Answer

Despite its popularity within organizations, group decision making suffers from which of the following?

Correct AnswerverifiedShow Answer

Some recommendations for avoiding groupthink include the following EXCEPT:

Correct AnswerverifiedShow Answer

The Delphi technique refers to a decision-making rule where each member of the group is given a single vote and the option which receives the greatest number of votes is selected.

Correct AnswerverifiedShow Answer

Research suggests that the simple exercise of imagining what could go wrong with a given decision can increase your ability to correctly identify reasons for future successes or failures by ___________.

Correct AnswerverifiedShow Answer

Kahneman and Tversky found that individuals are influenced in making decisions by which of the following?

Correct AnswerverifiedShow Answer

The tendency to accept the first alternative that meets minimum criteria is called:

Correct AnswerverifiedShow Answer

Creative decision making includes which of the following?

Correct AnswerverifiedShow Answer

______________ refers to the tendency of individuals to rely too heavily on arbitrary numbers, irrelevant traits, or facts when making decisions.

Correct AnswerverifiedAnchoring ...View AnswerShow Answer

Correct Answer
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To avoid this bias, take the t...
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Anchoring ...
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