Question : 61.The concept of bounded rationality holds that: A.our perception of a : 1243923

61.The concept of bounded rationality holds that: 

A.our perception of a rational reality is bounded by nonrationality.

B.decision makers process limited and imperfect information and therefore rarely select the best choice.

C.decision makers have limited alternatives to make decisions.

D.decision makers are bound to project images of themselves as rational thinkers.

E.our realities are bounded by our own perceptions so that everyone’s reality is different.

62.Which of the following is an observation from organizational behavior that contradicts the rational choice paradigm assumptions? 

A.Decision makers evaluate all alternatives simultaneously.

B.Decision makers use factual information to choose alternatives.

C.Decision makers choose the alternative with the highest payoff.

D.Decision makers have limited information processing abilities.

E.Have to make a selection from very limited alternatives.

63.Decision makers tend to rely on their implicit favorite when they: 

A.select an appropriate decision style.

B.evaluate decision alternatives sequentially.

C.want to avoid escalation of commitment.

D.want to make more creative decisions.

E.have to make a selection from very limited alternatives.

64.Availability heuristic refers to the tendency: 

A.to choose an alternative that is good enough rather than the best.

B.for people to influence an initial anchor point.

C.to evaluate probabilities of events or objects by the degree to which they remember other events or objects.

D.to estimate the probability of something occurring by how easily we can recall those events.

E.for decision makers to evaluate alternatives sequentially rather than comparing them all at once.

65.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: 

A.escalation of commitment.

B.satisficing.

C.perceptual defense.

D.post-decisional justification.

E.open rationalization.

66.Satisficing refers to: 

A.the tendency to choose an alternative that is good enough rather than the best.

B.the feeling employees experience when they are not involved in a decision in which they would have made a valuable contribution.

C.a desirable outcome of decision making when several employees participate in the decision process.

D.the feeling employees experience when they make the right decision.

E.thetendency for decision makers to evaluate alternatives sequentially rather than comparing them all at once.

67.Which of the following ultimately energizes us to select the preferred choice? 

A.Logic

B.Emotions

C.Rational logic

D.Creativity

E.Intuition

68.The most accurate view of intuition is that it is: 

A.a trait that people acquire mainly through heredity.

B.more likely to be found in men than women.

C.acquired more quickly by people whose careers extend to several unrelated industries.

D.the ability to know when an opportunity exists and select the best course of action without conscious reasoning.

E.unacceptable way of making decisions in an organizational setup.

69.Which of the following decision-making activities tends to make the most use of tacit knowledge? 

A.Intuition

B.Decision support systems

C.Escalation of commitment

D.Data mining

E.Intelligent systems

70.Intuition relies on programmed decision routines that speed up our response to pattern matches or mismatches. These programmed decision routines are referred to as: 

A.action scripts.

B.insights.

C.rational formulae.

D.solution-focused problems.

E.implicit favorites.