Question
A manager who uses anchoring bias to make decisions is
guilty of doing which of the following?Solution
Anchoring is a cognitive bias that describes the common human tendency to rely too heavily on the first piece of information offered (the "anchor'') when making decisions. During decision making, anchoring occurs when individuals use an initial piece of information to make subsequent judgments. This bias is the tendency to jump to conclusions.
Which of the following is NOT an advantage of group decisions?
A technique of decision-making which is a variation of the brainstorming technique, but is more structured in the sense that a group of experts is seate...
Which of the following decision making style has low tolerance for ambiguity and is task oriented?
Which of the following is an intuitive decision?
A group decision-making process which forbids negative feedback on any suggested alternative by any group member until all members have presented alt...
The decisions that relate to mundane activities and do not require much thought are known as ________
Discussing a problem face to face with open mind by a group of selected persons is known as _________
A decision matrix is a technique of decision making developed by ______
When decision making is easy in an organisation due to the existence of rules, standardised processes and procedures which are to be followed, What type...
Which of the following types of managers improve decision making skills in their team members?
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