Question

Dexter started a newspaper two years ago. He thought there was still enough demand for his product to make it successful. However, people are busy and mostly read their news online, so the demand for his paper has dropped steadily. Dexter decided to change the newspaper to focus more providing news via the Internet. Because he showed that managers should think and act as if their company is never finished, accepting new ideas, and focusing on facts of the situation, Dexteris relying on ________.

		the knee-jerk reaction theory
		a knowledge dilemma
		intuition
		evidence-based decision making
		a decision tree

QUESTION 6

1. Amy, the store manager, recently had to fire Paul, an employee who graduated from Mississippi State University. She felt that Paul was not well educated. When Kelly, also a graduate from Miss State, applied for Paul's old position, Amy did not want to consider hiring her because she felt like Kelly probably received a similar educational experience as Paul. Amy was affected by ________ bias.

   		confirmation
   		adjustment
   		representativeness
   		blind
   		training

2. QUESTION 7

3. Leslie, the financial controller of Pizza Shuttle, is purchasing several new delivery vehicles. Leslie has numerous work responsibilities, so she has limited time to shop for cars. As a result, she buys the first one she finds that meets the minimum requirements. Leslie is following the ________ model.

   		dilemma
   		limited scope
   		rational
   		satisficing
   		limited focus

4. QUESTION 8

5. When you use heuristics and cognitive shortcuts to make a decision, you are engaging in _________

   		MBO
   		evidence based decision making
   		analytics
   		boundedly rational decision making
   		rational decision making

Answer 1

5. The correct option is Evidence-based decision making

6. The correct option is representativeness

7.The correct option is satisficing

8. The correct option is rational decision making