Ch.10 Quiz - MGMT302 Ch.10 Quiz Decision-Making 1 Intuition...

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MGMT302 / Ch.10 Quiz / Decision-Making 1. Intuition would be a major part of the input for a manager making what kind of decision? a. programmed b. rational c. breakeven point d. non-programmed 2. The rational model of decision making assumes: 3. Under the bounded rationality model of problem solving and decision making: 4. Heuristics are: a. algorithms based on complex decision making b. complex decision rules used in complex situ- ations c. shortcuts in decision making that save mental activity d. mathematical approaches to decision making 5. Which decision-making model is the most realistic in portraying the managerial decision process? 6. Which of the following best represents the three reasons why managers may hang on to a losing course of action or escalate their commitment? a. internal locus of control, cognitive disson- ance, and overly optimistic b. cognitive dissonance, overly optimistic, and illusion of control c. external locus of control, overly optimistic,
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and cognitive dissonance d. internal locus of control, cognitive disson- ance, and illusion of control
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