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BUSI 240 Quiz 4 Answers Liberty University | Complete Solution
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BUSI 240 Quiz 4 Answers Liberty University | Complete Solution

 

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· Question 1

2 out of 2 points

Which of the following is one of the assumptions of the rational decision-making process?

· Question 2

2 out of 2 points

The representativeness heuristic refers to the tendency

· Question 3

2 out of 2 points

The Dot Com business boom can be used as an example of

· Question 4

2 out of 2 points

The concept of bounded rationality holds that

· Question 5

2 out of 2 points

Incubation and verification are two

· Question 6

2 out of 2 points

Which of these is the final step in the rational choice decision making process?

· Question 8

2 out of 2 points

________ shape(s) how we evaluate information, not just which choice we select.

· Question 9

2 out of 2 points

Decision makers tend to rely on their implicit favorite when they

· Question 10

2 out of 2 points

The illumination stage in the creative process

· Question 11

2 out of 2 points

Which of the following is true at the highest level of employee involvement?

· Question 12

2 out of 2 points

Which of the following refers to calculating the conventionally accepted "right answer" to a logical problem?

· Question 14

2 out of 2 points

One school of management thought states that organizational decisions and actions are influenced mainly by what attracts management's attention, rather than by the objective reality of the external or internal environment. Which of the following practices is closely associated with this argument?

· Question 17

2 out of 2 points

Decision makers might succumb to the solution-based problem trap because

· Question 18

2 out of 2 points

You have just received seed money for a new e-commerce business and you want to hire a dozen people with a high level of creative potential. To hire the most creative people, you would select applicants who have

· Question 19

The rational choice decision-making process selects the choice with the highest utility through the

· Question 20

2 out of 2 points

Prospect theory and closing costs are two reasons why people

· Question 21

2 out of 2 points

The Director of Nursing is looking throughout the hospital for a new format of a work schedule for nurses. She evaluates each schedule system as soon as she learns about it. Eventually, she finds a schedule that is "good enough" for her needs and ends her search even though there may be better schedules available that she hasn't yet learned about. The Director of Nursing is engaging in

· Question 22

2 out of 2 points

Which of the following ultimately energizes us to select the preferred choice?

· Question 23

2 out of 2 points

________ can be defined as the view that people should and typically do use logic and all available information to choose the alternative with the highest value.

· Question 25

2 out of 2 points

Intuition relies on programmed decision routines that speed up our response to pattern matches or mismatches. These programmed decision routines are referred to as

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BUSI 240 Quiz 4 Answers Liberty University | Complete Solution
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The gap between "what is" and "what ought to be" is also called a Problem The main reason why decision makers compare alternatives against an implicit favorite is the hard-wired human need to minimize confirmation bias. (X) • Question 1 2 out of 2 po...
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