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3. Utilitarianism is the consideration of decisions that do the _____ for the most people.
Answer
Correct Answer:
Good
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4. When a person has already invested in this course of action and does not recognize that what they invested initially is sunk is known as Sunk Costs Fallacy.
Answer
Correct Answer:
True
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5. Stereotypes are the judgments made about a person based on their _____
Answer
Correct Answer:
Membership in group
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6. Satisfice means making a decision that is satisfactory and absolutely optimal.
Answer
Correct Answer:
False
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7. One who decides how to prioritize the direction of resources is known as_____
Answer
Correct Answer:
Resource Allocator
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8. Repetition of information is called_____
Answer
Correct Answer:
Rehearsal
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9. When people remember the most recently presented items or experiences it is called _____
Answer
Correct Answer:
Recency Effect
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10. Prospect Theory is a perspective that highlights the importance of _____
Answer
Correct Answer:
Both a and b
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11. Primacy Effect is the perseverance of beliefs based upon what is _____ first.
Answer
Correct Answer:
Observed
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12. Perceptual Errors are the flaws in perception due to _____ people make to simplify information that is processed.
Answer
Correct Answer:
Mental shortcuts
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13. Process through which people organize and interpret sensory information to give meaning to their world is known as_____
Answer
Correct Answer:
Perception
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14. Overconfidence Bias is _____ confidence in how accurate a person’s knowledge or estimates are.
Answer
Correct Answer:
Both a and b
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15. The one who protects the interests of the business by interacting within teams, departments, and the organization is known as_____
Answer
Correct Answer:
Negotiator
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16. Justice emphasizes _____
Answer
Correct Answer:
Both a and b
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17. The purpose of Individual Rights is _____
Answer
Correct Answer:
Both a and b
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18. Imaging means linking _____ information to visual images.
Answer
Correct Answer:
Verbal
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19. Horns Effect occurs when the rater’s overall positive impression or evaluation strongly influences ratings of specific attributes.
Answer
Correct Answer:
False
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20. The tendency for individuals with outcome knowledge to claim they would have estimated a probability of occurrence for the reported outcome that is higher than they would have estimated in foresight is known as_____
Answer
Correct Answer:
Both a and c
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21. Heuristic refers to_____
Answer
Correct Answer:
Decision rules
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22. Halo Error occurs when the rater’s overall positive impression or evaluation strongly influences ratings of specific attributes.
Answer
Correct Answer:
True
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23. Framing refers to whether questions are presented as _____
Answer
Correct Answer:
Gains or losses
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24. Flow is when a person experiences a challenging opportunity_____ their skills.
Answer
Correct Answer:
Aligned with
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25. Ethics of Care is a normative ethical theory that holds interpersonal_____ as a virtue central to moral action.
Answer
Correct Answer:
All of these
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26. Escalation of Commitment is when individuals continue a failing course of action after receiving _____ feedback.
Answer
Correct Answer:
Negative
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27. One who looks for new ideas and opportunities is known as_____
Answer
Correct Answer:
Entrepreneur
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28. Employability is an attribution employers make about the probability that job candidates will make _____ contributions to their organizations.
Answer
Correct Answer:
Positive
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29. When people are asked to generate their own explanations of factual statements presented to them it is called_____
Answer
Correct Answer:
Elaborative Interrogation
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30. All statements are correct about Disturbance Handler except_____
Answer
Correct Answer:
One who asks for help to resolve conflict
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31. Data Driven Decision Making is the process of making organizational decisions based on_____
Answer
Correct Answer:
Observation along with actual data
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32. Creativity is the production of a novel and appropriate response, product, or solution to _____
Answer
Correct Answer:
Open ended task
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33. Contrast Effect is the evaluation of a characteristic of an object or person affected by comparisons with other objects or people ranking _____ on the characteristic.
Answer
Correct Answer:
Both a and b
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34. Coding means linking the information you need to remember to something_____
Answer
Correct Answer:
Both a and c
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35. Career Indecision refers to “The difficulties preventing individuals from making a career decision”.
Answer
Correct Answer:
True
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36. When decision makers have limits on their ability to assimilate large amounts of information it is known as_____
Answer
Correct Answer:
Bounded Rationality
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37. Bounded Ethicality is an unconscious psychological process that hinders the quality of_____
Answer
Correct Answer:
Decision making
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38. Big Data Analysis is a complex process of examining large, diverse data sets looking for _____ and preferences that can help leaders make informed business decisions.
Answer
Correct Answer:
All of these
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39. The characteristics of Big Data includes volume, velocity and_____
Answer
Correct Answer:
All of these
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40. If initial information affects the conclusion one draws, and this conclusion then impacts later judgments it is called_____
Answer
Correct Answer:
Belief Updating
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41. Availability Bias commonly occurs when readily available information comes to a person’s mind and affects a _____
Answer
Correct Answer:
Decision
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