Types of Decisions and Decision-Making Models

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Questions and Answers

What type of decisions involves new or unique situations that require complex solutions?

  • Programmed Decisions
  • Rational Decisions
  • Nonprogrammed Decisions (correct)
  • Bounded Rationality Decisions

Which bias involves overestimating one's accuracy or being overly confident in decision-making?

  • Availability Bias
  • Anchoring Bias
  • Confirmation Bias
  • Overconfidence Bias (correct)

What is the term used for doubling down on a decision even when evidence suggests it may be wrong?

  • Framing Effect
  • Anchoring Bias
  • Commitment Error (correct)
  • Confirmation Bias

Which model acknowledges the difference between an acceptable and an optimal solution?

<p>Bounded Rationality Model (D)</p> Signup and view all the answers

What strategy involves purposely creating conflict by presenting opposing viewpoints in group decisions?

<p>Debate (C)</p> Signup and view all the answers

Which term refers to a combination of 'satisfy' and 'suffice' used in the context of decision-making under constraints?

<p>Satisficing (D)</p> Signup and view all the answers

What is the purpose of the Nominal Group Technique?

<p>Selecting the best ideas through silent writing and voting (A)</p> Signup and view all the answers

In the context of decision-making methods, what does Consensus imply?

<p>Achieving genuine agreement from all group members (A)</p> Signup and view all the answers

Which of the following is NOT a characteristic of organizational culture?

<p>Easily changed (B)</p> Signup and view all the answers

What do Espoused Values represent in an organization's culture?

<p>The values declared by the organization (A)</p> Signup and view all the answers

Which level of culture represents the things that everyone 'knows' to do?

<p>Underlying Assumptions (B)</p> Signup and view all the answers

In the decision-making method of Ranking, what is the key action taken?

<p>Secretly voting to identify top options (C)</p> Signup and view all the answers

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