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Introduction to Decision Making Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

Page 1

Question 1 1. Determining the feasibility, while assessing the costs and benefits comes into play during which phase of the decision-making process?

Question 2 2. An individual who utilizes a cognitive process to select a choice among several available options is engaging in a _____ process.

Question 3 3. Which of the following is the final step in the decision-making process?

Question 4 4. If Mark is considering having an experimental surgery on his foot to alleviate the pain he has while walking, which of the following is NOT part of the relevant information that he should collect in order to make an informed decision?

Question 5 5. Mark met with four physicians about having surgery on his foot. He has enough money saved to undergo surgery and is able to take off six weeks of paid leave from work. He has an additional two weeks of vacation time, and his mom will stay with him for the first two weeks to help out. Knowing this information, that he is being rational, and that he wants to be free of pain, which alternative should Mark choose?

Page 2

Question 6 6. Which type of decision making uses lists, pros, and cons?

Question 7 7. Which decision type relies on chance?

Question 8 8. Which is an example of a satisficing type of decision making?

Question 9 9. Which is an example of emotional decision making?

Question 10 10. Which is an example of intuitive decision making?

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Question 11 11. All of the following are types of bias, EXCEPT for _____.

Question 12 12. The ABC Company has invested a great deal of time and money in their latest line of gardening shoes. Therefore, they decide to keep selling and marketing the shoes in the face of increasing numbers of complaints about their poor quality. Given your knowledge of common biases, why would the ABC Company do this?

Question 13 13. Why is it important to consider common biases when making a decision?

Question 14 14. What type of bias relies too heavily on one piece of information in making a final decision?

Question 15 15. How might a manager demonstrate confirmation bias on the job?

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Question 16 16. Which type of information must you collect and consider in ethical decision-making before making a decision?

Question 17 17. Why does an individual use the process of ethical decision making?

Question 18 18. What is the last step of the ethical decision making process?

Question 19 19. Tyler is considering outsourcing the marketing department to a foreign country. What might be an ethical dimension of his decision?

Question 20 20. Jane has been debating what to do about a case she has been working on. She has made an ethical decision about the case. What should she do next?

Introduction to Decision Making Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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