Podcast
Questions and Answers
What does the Availability Heuristic primarily rely on when assessing the likelihood of an event?
What does the Availability Heuristic primarily rely on when assessing the likelihood of an event?
What phenomenon leads people to believe that co-occurring events are more likely than they actually are?
What phenomenon leads people to believe that co-occurring events are more likely than they actually are?
Which of the following biases involves failing to adjust estimates sufficiently from an initial anchor?
Which of the following biases involves failing to adjust estimates sufficiently from an initial anchor?
How does the Affect Heuristic influence decision-making?
How does the Affect Heuristic influence decision-making?
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What is the primary issue caused by Sampling on the dependent variable?
What is the primary issue caused by Sampling on the dependent variable?
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Which bias involves the preference for information that confirms pre-existing beliefs?
Which bias involves the preference for information that confirms pre-existing beliefs?
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The concept of Regression to the mean suggests that teams that perform exceptionally well will likely...
The concept of Regression to the mean suggests that teams that perform exceptionally well will likely...
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Which bias involves categorizing events or information to simplify understanding of the world?
Which bias involves categorizing events or information to simplify understanding of the world?
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What is a limitation of a combination of functional and divisional organizational structures?
What is a limitation of a combination of functional and divisional organizational structures?
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Which coordination mechanism involves multiple reporting relationships?
Which coordination mechanism involves multiple reporting relationships?
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How do generalists differ from specialists in an organizational context?
How do generalists differ from specialists in an organizational context?
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What is a defining characteristic of a pooled organizational structure?
What is a defining characteristic of a pooled organizational structure?
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What impact can a strong organizational culture have?
What impact can a strong organizational culture have?
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Which of the following is NOT a method of linking options in an organization?
Which of the following is NOT a method of linking options in an organization?
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In terms of job design, how can the structure of work influence performance motivation?
In terms of job design, how can the structure of work influence performance motivation?
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What is a feature of sequential organizational structures?
What is a feature of sequential organizational structures?
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What psychological principle explains why people feel obligated to repay others?
What psychological principle explains why people feel obligated to repay others?
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Which tactic involves making a large initial request followed by a smaller request?
Which tactic involves making a large initial request followed by a smaller request?
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Why does the principle of Commitment and Consistency lead to compliance?
Why does the principle of Commitment and Consistency lead to compliance?
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What makes individuals more likely to follow the behavior of others according to Social Proof?
What makes individuals more likely to follow the behavior of others according to Social Proof?
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In the principle of Authority, why do individuals tend to defer to experts?
In the principle of Authority, why do individuals tend to defer to experts?
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Which example best illustrates the concept of Scarcity?
Which example best illustrates the concept of Scarcity?
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What is a result of not reciprocating a favor according to the principle of Reciprocity?
What is a result of not reciprocating a favor according to the principle of Reciprocity?
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Which of the following approaches utilizes peer influence through specific norm appeals?
Which of the following approaches utilizes peer influence through specific norm appeals?
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What is a potential drawback of using machine learning models?
What is a potential drawback of using machine learning models?
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Which network measurement indicates how often an individual is on the shortest path between two other nodes?
Which network measurement indicates how often an individual is on the shortest path between two other nodes?
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What distinguishes weak ties from strong ties in social networks?
What distinguishes weak ties from strong ties in social networks?
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Which of the following network structures best describes connections that are both close and distant?
Which of the following network structures best describes connections that are both close and distant?
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What is the primary purpose of brokerage in social networks?
What is the primary purpose of brokerage in social networks?
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Which term describes the smallest number of hops required to reach one node from another in a network?
Which term describes the smallest number of hops required to reach one node from another in a network?
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In social networks, what do ties represent?
In social networks, what do ties represent?
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What does homophily in social networks refer to?
What does homophily in social networks refer to?
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What factor contributes to higher collective intelligence in teams?
What factor contributes to higher collective intelligence in teams?
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Which of these best describes the g-factor in intelligence?
Which of these best describes the g-factor in intelligence?
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What is considered a bias affecting team decision-making?
What is considered a bias affecting team decision-making?
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Which of the following factors is a positive predictor of physiological safety?
Which of the following factors is a positive predictor of physiological safety?
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What phenomenon describes when team members suppress dissenting opinions?
What phenomenon describes when team members suppress dissenting opinions?
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Which of the following is a symptom of Groupthink?
Which of the following is a symptom of Groupthink?
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What leads to synergy among teams?
What leads to synergy among teams?
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What is a common misconception about teams and performance?
What is a common misconception about teams and performance?
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What does the equation W = S + B(E + N) represent in incentive pay?
What does the equation W = S + B(E + N) represent in incentive pay?
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Which scenario is most suitable for using individual incentives?
Which scenario is most suitable for using individual incentives?
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What best describes shareholder primacy?
What best describes shareholder primacy?
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Which of the following is a characteristic of big data under the 4 V's?
Which of the following is a characteristic of big data under the 4 V's?
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What is a significant problem associated with pay-for-performance schemes?
What is a significant problem associated with pay-for-performance schemes?
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What is meant by 'free rider problem' in group incentives?
What is meant by 'free rider problem' in group incentives?
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What does predictive analysis primarily rely on for identifying future outcomes?
What does predictive analysis primarily rely on for identifying future outcomes?
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When is it advisable to implement group incentives?
When is it advisable to implement group incentives?
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Study Notes
Leadership Congruence Model
- Organizations are more effective when all organizational components (operations, talent, formal/informal organization) fit together and align with the organization's strategy and environment.
Heuristics and Biases
- System 1 (hot system): Emotion-focused, fast, implicit. Relies on heuristics and stereotypes.
- System 2 (cool system): Rational, slow, conscious, logical. Relies on heuristics and biases.
- Heuristics are cognitive shortcuts, while biases are the inappropriate application of heuristics.
- Biases can lead to systematic errors in estimates, decisions, and measurements.
When Biases are Likely
- Complex situations.
- Unawareness of heuristics.
- Emotional involvement.
Prospect Theory
- Decisions are framed by gains and losses.
Availability Heuristic
- Assessing event likelihood based on memorability.
Ease of Recall Bias
- Judgments and behaviors influenced by easily recalled examples, especially vivid or recent ones.
Retrievability Bias
- Categorizing things to make sense of the world—using existing memory structures.
Representativeness Heuristic
- Judging by stereotypes or prototypes.
Affect Heuristic
- Decisions based on emotional experiences, negative emotions impacting decisions more strongly.
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Description
This quiz explores key concepts in leadership congruence and cognitive biases in decision-making. It covers topics such as heuristics, biases, and prospect theory, emphasizing their implications for organizational effectiveness. Test your understanding of how these concepts interrelate and influence management strategies.
