Ques. 1

The driving logic behind asymmetric knowledge, i.e., where one party has greater and typically expert knowledge than the other party, as it applies to management, is that managers are typically required to integrate new information to acquire sufficient knowledge to address an ever-changing landscape of problems.

Does the following situation qualify as a case of Knowledge Asymmetry? (True = Yes, False = No)

The C-Level team meets to review the presentation to be made at the upcoming Annual General Meeting (AGM).

Question 21 options:

	True
	False

Ques.2

The driving logic behind asymmetric knowledge, i.e., where one party has greater and typically expert knowledge than the other party, as it applies to management, is that managers are typically required to integrate new information to acquire sufficient knowledge to address an ever-changing landscape of problems.

Does the following situation qualify as a case of Knowledge Asymmetry? (True = Yes, False = No)

A group of new managerial hires, of all different ages, and backgrounds, are waiting for Anna, the designated HR manager, to process their documentation to formalize them as employees.

Question 22 options:

	True
	False

ques.3

In the discussion of 'Shared Value,' which of the following ways do you think includes a role for government regulation?

Question 23 options:

	Enabling community participation
	Re-conceiving products and markets
	Redefining productivity in the value chain
	Enabling local cluster development
	Reducing governmental regulation

ques.5

Intuitive and Reflective thinking, are also formally known as?

Question 24 options:

	System 1 and System 2 thinking
	System 1 Responsive thinking
	System 2 Responsive thinking
	Fast and Responsive thinking
	System 1 and System 2 Reactive thinking

Ques.6

One of the important challenges facing managers is the occurrence of Cognitive failures, because?

Question 25 options:

	They always cost the company significant problems
	The lead to a career-ending decisions
	They happen to us when we least desire that
	They happen to us unless we have outside help
	We have no way of knowing they are happening

Ques.7

Of the many types of judgement biases we suffer, one of them causes people to be too quick to classify individuals based on characteristics associated with an entire group. This is known as?

Question 26 options:

	Fundamental Attribution Error
	Self-Serving Bias
	Anchoring
	Stereotyping
	Halo Effect

Ques.8

In the discussion of 'Shared Value,' which of the following ways do you think includes a move to more efficient and environmentally friendly packaging?

Question 27 options:

	Re-conceiving products and markets
	Enabling governmental regulation
	Redefining productivity in the value chain
	Enabling community participation
	Enabling local cluster development

Ques.9

Exercising good judgement requires self-knowledge, and as such

Question 28 options:

	exercising good judgement isn't a solo performance; support teams are vital
	which starts with the leader recognizing a need and framing the call
	It continues through execution and adjustment
	organizational knowledge can often be bypassed
	two of which are strategy and crisis

Ques.10

Of the many types of judgement biases we suffer, one of them causes people to be too cautious, and sometimes afraid or hesitant to act exist in a state of paralysis analysis. This is known as?

Question 29 options:

	Loss Aversion
	Stereotyping
	Anchoring
	Halo Effect
	Fundamental Attribution Error