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Because of extensive media coverage of wild fires in the west we could easily be influenced by the Multiple Choice O escalation of commitment blas O availability bias O polarization bias O anchoring bias O overconfidence bias (Be careful!) The factor that has the greatest impact on ecalation of commitment is Multiple Choice social determinants contextual determinants self-justification psychological determinants project characteristics Saved Help Save & Aunt G has to buy a used car. She is very picky about the color and style of the car and looks for this information first. Unfortunately, she then uses this early Information, overlooking other information from maintence records and accident reports, as the criteria for evaluating the value of the car. This is an example of Multiple Choice overconfidence blas availability bias confirmation bias anchoring bles framing bias We're seeing a lot of media attention to Covid-19 and people becoming very sick. Because of the continuing media reports, you become increasingly worried about contracting the disease. This would be a good example of the heuristic Multiple Choice representativeness framing availability anchoring hindsight Save Help Save & Exit Dr. D has to give a presentation to the Visiting Committee of the college on a decision making research proposal. He knows it has to be creative and have a significant 'WOWeffect to get funded. Aunt G is on the Visiting Committee and sees De Dletsurely enjoying a cup of coffeel He is clearly relaxed and appears not to be particularly stressed out. Aunt G asks him why he isn't stressed out thinking about the presentation. What does this scenario indicate about De D's understanding of the creative process? (Think about the stages of creativity from the virtual lecture) Multiple Choice It's easy to ask for an extension for the presentation Dr has a good relationship with the Visiting Committee ohes not worried. Doing nothing" may be one of the most important creative things we can do Dr. D does his best creative work right before the due date, so he's not in any Coffee can help stimulate creative idea Dr. Dneeds a new car. He searches through the used car ads but only until he finds one that is acceptable and that he can afford. He stops his search and buys that car. This would be an example of Multiple Choice optimizing Intuitive restriction rational optimization minimering Sutisticing Choosing the best solution to a problem would be an example of Multiple Choice System 2 All answers are correct System 1 Optimizing Delphi selection Dr. Dis about to retire and is planning to partner with Aunt G to start a landscaping company. Nelther he nor Aunt G have started a business before but he is sure they will be able to figure things out as they go. Drawing from his retirement fund, they believe they have enough money to buy the equipment and will cover their expenses with the cash flow from the business. Dr. D and Aunt Gare probably being influenced by the blas Multiple Choice O reprezentativeness alability O fundamental attribution error D anchoring overconfidence Intuition is not without its strengths. Compared to some of the other dmking techniques, using intuition can Multiple Choice O help managers understand all of the highly desirable conditions. O speed up the decision-making process. help managers who are bounded. be useful when you have unlimited resources. slow down the decision-making process so you don't make a mistake, Drawing on his understanding of decision bioses, Dr D begings a campus-wide poster campaign marketing his management classes. He knows that if people are more aware of a product or service, like his classes, and have heard about them they are more likely to choose that product/service for classi) over those about which they have not heard, Dr.D is trying to take advantage of the bias. Multiple Choice escalation System 2 6 availability fundamental attribution representativeness

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