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Decision Making Reading Quiz COMR 329 103 & BUSI 329 103 2021W1 Principles of Organizational Behaviour
Introductory Management Accounting (BUSI 294)
The University of British Columbia
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Decision Making Reading Quiz
Due Oct 5 at 12pm Points 10 Questions 10
Available until Oct 5 at 12pm Time Limit None
This quiz was locked Oct 5 at 12pm.
Attempt History
Attempt Time Score LATEST Attempt 1 25 minutes 8 out of 10
Score for this quiz: 8 out of 10
Submitted Oct 5 at 2:41am This attempt took 25 minutes.
Question 1 1 / 1 pts
The rational decision-making model offers a step-by-step approach to making decisions that maximize outcomes by examining all available alternatives
Correct!Correct! True
False
Question 2 0 / 1 pts
To be a rational decision maker, we should do all of these except:
orrect Answerorrect Answer boil the problem down to something that is easily understood
develop an exhaustive list of alternatives to consider as solutions
ou Answeredou Answered evaluate all the alternatives simultaneously
pick the alternative that maximizes value
use accurate information to evaluate alternatives
Question 3 1 / 1 pts
Bounded rationality says that we are likely to:
pick the alternative that minimizes value
Correct!Correct! evaluate each alternative as soon as we think about it
use accurate information to evaluate alternatives
develop an exhaustive list of alternatives to consider as solutions
none of the above
Question 4 1 / 1 pts
At a World Issues Conference, all the participants were asked to develop responses to two case situations. People naturally split themselves up into teams based on their occupations. Which of the following helps to explain why the participants acted this way?
self-fulfilling prophecy
projection bias
self-fulfilling prophecy
Correct!Correct! availability bias
Question 7 1 / 1 pts
An internal attribution will occur if there is low ____; low _____; and high
consensus; consistency; extinction
Correct!Correct! consensus; distinctiveness; consistency
consistency; distinctiveness; consensus
extinction; consistency; distinctiveness
none of these
Question 8 1 / 1 pts
"Throwing good money after bad" captures which of these common decision making errors?
availability bias
confirmation bias
Correct!Correct! escalation of commitment
gambler's fallacy
halo effect
Question 9 1 / 1 pts
The tendency to be unduly swayed by one trait or piece of information when making decisions refers to which of these biases
availability bias
confirmation bias
Correct!Correct! anchoring
gambler's fallacy
halo effect
Question 10 0 / 1 pts
_____refers to when decision makers select the first acceptable alternative considered
heuristics
ou Answeredou Answered rational decision making
stereotyping
orrect Answerorrect Answer satisficing
Decision Making Reading Quiz COMR 329 103 & BUSI 329 103 2021W1 Principles of Organizational Behaviour
Course: Introductory Management Accounting (BUSI 294)
University: The University of British Columbia
