Groupthink is an advantage in the decision making process.

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T

F

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Question 23 pts

Statistically, the higher the level of education one has, the more money one will make on average over his/her lifetime.

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T

F

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Question 33 pts

Satisficing is choosing the first minimally acceptable alternative to solving a problem or to capitalizing on an opportunity.

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T

F

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Question 43 pts

The following are potential advantages of using group decision making except:

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More information is available

It is faster

It leads to a higher level of commitment to the decision made

It provides an opportunity for intellectual stimulation

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Question 53 pts

The thoughts expressed in Blink lend credence to making faster decisions using relatively small amount of information.

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T

F

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Question 63 pts

An effective brainstorming session must

Group of answer choices

Be free of initial criticism of ideas being introduced

Generally involve no more than five participants

Be done face to face

Involve industry experts

None of these

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Question 73 pts

Demographics measures various characteristics of

Group of answer choices

Technological development

Economic growth

Global business interaction between trading nations

Population

None of these

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Question 83 pts

U. S. government policies both impose strategic constraints and provide opportunities for organizations.

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T

F

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Question 93 pts

All organizations operate in a macroenvironment.

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T

F

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Question 103 pts

The Antarctic explorer mentioned as an example of strong management and leadership skills in one of your readings was

Group of answer choices

Shackleton

Amundsen

Scott

Peary

Hilary

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Question 113 pts

A firm's competitive environment is composed of the firm, its competitors, suppliers, and distributors.

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T

F

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Question 123 pts

Thinking Fast and Slow indicates that System 1 thinking is thoughtful and analytical.

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True

False

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Question 133 pts

Maximizing means that you achieve the best possible balance among several goals when making a decision.

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T

F

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Question 143 pts

According to the research in Authentic Happiness, any job can be made into a calling, whether it is one working as a doctor or a garbage collector.

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T

F

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Question 153 pts

Contingency plans can be used when an outcome is different from what was initially expected.

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T

F

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Question 163 pts

Authentic Happiness says that wealth has a low correlation with happiness and that rich people, on average, are only slightly happier than poor people.

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T

F

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Question 173 pts

In Authentic Happiness, which of these factors was shown to contribute most to overall happiness:

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Money

Marriage

Health

Education

Living alone

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Question 183 pts

Married couples comprise more than half of all households in the US.

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T

F

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Question 193 pts

Decision making under crisis conditions will inevitably result in poor decisions and negative publicity.

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T

F

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Question 203 pts

When two or more firms combine to form a single company, it is called a(an)

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Merger

Divestiture

Diversification

Combine

Acquisition

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Question 213 pts

In decision making, significant problems in a complex environment can benefit from group decision making.

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T

F

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Question 223 pts

Which hospital was cited in Blink as one using methods consistent with the principles explained in the book?

Group of answer choices

Brigham and Womens Hospital in Boston

The Cleveland Clinic in Cleveland

Columbia-Presbyterian in New York City

Cook County Hospital in Chicago

The University of Pennsylvania Hospital

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Question 233 pts

Evaluation of risk is a consideration in management decisions.

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T

F

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Question 243 pts

The book Authentic Happiness says that identifying and focusing on these will make you a happier person

Group of answer choices

Signature strengths

Development of talents

Money and evidences of success

Justice and humanity

Temperance and self-control

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Question 253 pts

Over the past decade, immigrants have accounted for approximately 40 percent of the increase in U.S. population growth.

Group of answer choices

T

F