Liberty BUSI 340 Quiz 4 Answers Complete Solutions
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Question 1
Paragon Company Alvin, the production manager at the Paragon Company, wants to select the best supplier of raw materials from among several vendors. He has several choices and has done research into which company provides the best services and products. One company is known to be extremely timely, another is much lower in price but often late in deliveries, and the third is well-known to provide the highest quality products available. According to the Rational Choice Paradigm of decision making, Alvin should select the vendor that offers the most:
Question 2
The availability heuristic refers to the tendency
Question 8
Which of the following is true at the highest level of employee involvement?
Question 9
InnoBLAST, Inc. George is a manager for InnoBLAST Inc., a web-based applications company. In an attempt to promote new ideas, George decides to allow his engineering team to devote 15% of their work time to whatever projects they would like to work on and reduces their assigned workload. He then institutes a 30 minute period each morning where the team members are asked to look over their current project list for the day and develop more knowledge about a task before they move on to work on their assigned tasks. The time period set aside each morning should help promote which stage of the creative process?
Question 10
Perceptual defense causes us to:
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Question 11
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 12
Establishing a preset level at which the decision is abandoned or reevaluated is recommended mainly to:
Question 13
Prospect theory and closing costs are two reasons why people:
Question 14
Which of the following decision-making activities tends to make the most use of tacit knowledge?
Question 15
Which of these is also referred to as participative management?
Question 16
Employees should NOT make the decision alone (without the manager’s involvement) when:
Question 17
Which of the following ultimately energize us to select the preferred choice?
Question 18
_____ is the tendency to experience stronger negative emotions when losing something of value than the positive emotions experienced when gaining something of equal value.
Question 21
During a meeting, senior executives of a consumer products company were addressing the problem of being late in detecting several consumer trends, such as the trend toward using seethrough plastics in kitchenware. While trying to determine the source of this problem, one executive said: “The main problem here is that we need to find a better industrial design firm to design our products.” Which of the following best describes the decision-making problem that this executive is exhibiting?
Question 24
In the creative process, which of the following refers to the experience of suddenly becoming aware of a unique idea?
Question 25
Which of the following is one of the assumptions of the rational choice paradigm?
