MGT 5500 BOARD EVALUATION 2026
GUARANTEED PASS ANSWERS GRADED A+
● confirmation bias. Answer: use info that confirms what we know and
avoid data that contradicts preexisting view
● sunk cost trap. Answer: commit more because already have prior
investments
● anchoring effect. Answer: relying too heavily on first piece of info
available
● framing bias. Answer: the way information is presented changes how
we interpret it (90% survival rate is better than 10% death rate)
● availability bias. Answer: estimating risk based on what quickly comes
to mind
● representativeness bias. Answer: judging based on stereotype
● overconfidence bias. Answer: being more confident in own abilities
than is reasonable
, ● System 1: brain processing. Answer: fast, automatic, associative
● system 2: brain processing. Answer: slow, conscious, logical
● information silos. Answer: organizational and technical barriers that
isolate data preventing proper sharing
● groupthink. Answer: social pressures suppressing ideas that contradict
group consensus
● analytic sense making. Answer: gather and analyze data to interpret
situation
● interactive sensemaking. Answer: gather all ppl affected adn work out
team oriented interpretation of situation
● When do organizations become scarce?. Answer: when it becomes
politicized
● power. Answer: potential of individual to influence another
● influence. Answer: degree of actual change in target behavior,
attributes, and/or values
GUARANTEED PASS ANSWERS GRADED A+
● confirmation bias. Answer: use info that confirms what we know and
avoid data that contradicts preexisting view
● sunk cost trap. Answer: commit more because already have prior
investments
● anchoring effect. Answer: relying too heavily on first piece of info
available
● framing bias. Answer: the way information is presented changes how
we interpret it (90% survival rate is better than 10% death rate)
● availability bias. Answer: estimating risk based on what quickly comes
to mind
● representativeness bias. Answer: judging based on stereotype
● overconfidence bias. Answer: being more confident in own abilities
than is reasonable
, ● System 1: brain processing. Answer: fast, automatic, associative
● system 2: brain processing. Answer: slow, conscious, logical
● information silos. Answer: organizational and technical barriers that
isolate data preventing proper sharing
● groupthink. Answer: social pressures suppressing ideas that contradict
group consensus
● analytic sense making. Answer: gather and analyze data to interpret
situation
● interactive sensemaking. Answer: gather all ppl affected adn work out
team oriented interpretation of situation
● When do organizations become scarce?. Answer: when it becomes
politicized
● power. Answer: potential of individual to influence another
● influence. Answer: degree of actual change in target behavior,
attributes, and/or values
