Busi 340 Week 4 Quiz Liberty 1 The Availability Heuristic Refers. for decision makers to evaluate alternatives sequentially rather than comparing them all at once.

Busi 340 Week 4 Quiz Liberty 1 The Availability Heuristic Refers. for decision makers to evaluate alternatives sequentially rather than comparing them all at once.

2. Which of the following statements is true about scenario planning?

1. The availability heuristic refers to the tendency:

A. to choose an alternative that is good enough rather than the best.

B. for people to influence an initial anchor point.

C. to evaluate probabilities of events or objects by how closely it resembles another event.

D. to estimate the probability of something occurring by how easily we can recall those events.

E. for decision makers to evaluate alternatives sequentially rather than comparing them all at once.

2. Which of the following statements is true about scenario planning?

A. It is unwittingly selective in the acquisition and use of evidence.

B. It is the process of planning a solution based on employee preferences.

C. It is a disciplined method for imagining possible futures.

D. It is an act of reframing the problem in a unique way and generating different approaches to the issue.

E. It is the act of calculating the conventionally accepted right answer to a logical problem.

3. The purely rational model of decision making is rarely practiced in reality because it:

A. ignores the fact that problems must be defined before alternatives are chosen.

B. assumes that human beings make decisions based on their emotions and abilities.

C. assumes that people are perfectly rational in their decision making.

D. ignores the fact that people evaluate their decision after an alternative has been chosen and implemented.

E. does not consider the problems associated with implementing each of the alternatives.

4. Which of the following is an observation from organizational behavior that contradicts the rational choice paradigm assumptions?

A. Decision makers evaluate all alternatives simultaneously.

B. Decision makers use factual information to choose alternatives.

C. Decision makers choose the alternative with the highest payoff.

D. Decision makers have limited information processing abilities.

E. Decision makers use absolute standards to evaluate alternatives.

5. Employees should NOT make the decision alone (without the manager’s involvement) when:

A. their goals and norms conflict with the organization’s objectives.

B. they lack commitment to decisions made by the boss alone.

C. they possess more knowledge than the manager.

D. the employees are likely to disagree with each other regarding the preferred solution.

E. the problem calls for a nonprogrammed decision.

6. The first stage of the creative process is:

A. divergent thinking.

B. preparation.

C. experimentation.

D. illumination.

E. intuition.

7. Paragon Company

Alvin, the production manager at the Paragon Company, wants to select the best supplier of raw materials from among several vendors. He has several choices and has done research into which company provides the best services and products. One company is known to be extremely timely, another is much lower in price but often late in deliveries, and the third is well-known to provide the highest quality products available.

According to the Rational Choice Paradigm

Explanation & Answer

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