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</p> Signup and view all the answers

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

    <p>Debate</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</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</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</p> Signup and view all the answers

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

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

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

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

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

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

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