Decision Making and Page Ref
Chapter 3: Foundations of Decision Making
1.
In decision making, a problem can be defined as a discrepancy between what exists and what the problem solver desires to exist.
Answer:
True
False
Diff: 2
Page Ref: 84
Objective: 3.1
2.
The second step in the decision-making process is identifying a problem.
Answer:
True
False
Diff: 1
Page Ref: 85
Objective: 3.1
3.
A decision criterion defines factors that are relevant in a decision.
Answer:
True
False
Diff: 2
Page Ref: 85
Objective: 3.1
4.
Managers identify a problem by comparing the current state of affairs to some standard.
Answer:
True
False
Diff: 3
Page Ref: 85
Objective: 3.1
5.
All criteria are equally important in the decision-making process.
Answer:
True
False
Diff: 2
Page Ref: 85
Objective: 3.1
6.
Identifying the wrong problem is just as much a failure for a manager as identifying the right problem and failing to solve it.
Answer:
True
False
Diff: 2
Page Ref: 85
Objective: 3.1
7.
The final step of the decision-making process is to implement the alternative that has been selected.
Answer:
True
False
Diff: 1
Page Ref: 87
Objective: 3.1
8.
A heuristic can simplify the decision-making process.
Answer:
True
False
Diff: 1
Page Ref: 88
Objective: 3.1
9.
Because heuristics simplify the decision-making process, they are unlikely to lead to errors.
Answer:
True
False
Diff: 1
Page Ref: 88
Objective: 3.1
10.
Decision makers who "cherry-pick" information that matches what they already know are guilty of confirmation bias.
Answer:
True
False
Diff: 1
Page Ref: 88
Objective: 3.1
11.
A basketball coach who takes a very good shooter out of a game because she missed
1.
In decision making, a problem can be defined as a discrepancy between what exists and what the problem solver desires to exist.
Answer:
True
False
Diff: 2
Page Ref: 84
Objective: 3.1
2.
The second step in the decision-making process is identifying a problem.
Answer:
True
False
Diff: 1
Page Ref: 85
Objective: 3.1
3.
A decision criterion defines factors that are relevant in a decision.
Answer:
True
False
Diff: 2
Page Ref: 85
Objective: 3.1
4.
Managers identify a problem by comparing the current state of affairs to some standard.
Answer:
True
False
Diff: 3
Page Ref: 85
Objective: 3.1
5.
All criteria are equally important in the decision-making process.
Answer:
True
False
Diff: 2
Page Ref: 85
Objective: 3.1
6.
Identifying the wrong problem is just as much a failure for a manager as identifying the right problem and failing to solve it.
Answer:
True
False
Diff: 2
Page Ref: 85
Objective: 3.1
7.
The final step of the decision-making process is to implement the alternative that has been selected.
Answer:
True
False
Diff: 1
Page Ref: 87
Objective: 3.1
8.
A heuristic can simplify the decision-making process.
Answer:
True
False
Diff: 1
Page Ref: 88
Objective: 3.1
9.
Because heuristics simplify the decision-making process, they are unlikely to lead to errors.
Answer:
True
False
Diff: 1
Page Ref: 88
Objective: 3.1
10.
Decision makers who "cherry-pick" information that matches what they already know are guilty of confirmation bias.
Answer:
True
False
Diff: 1
Page Ref: 88
Objective: 3.1
11.
A basketball coach who takes a very good shooter out of a game because she missed