UCF MAN 3025 Exam 3 practice questions with Complete Solutions

UCF MAN 3025 Exam 3 practice questions with Complete Solutions In management, "good information" is relevant, understandable, timely, accurate, and ______. complete ________ are managers who ignore any and all information that would indicate a problematic situation. Problem Avoiders Managers that use a(n) _____________ approach are generally very rational and use rational methods of problem solving. Systematic Thinking _________ prefer hard, conclusive data and high-control situations. These managers focus more on "the numbers" of a situation and take a more impersonal approach. (This is a type of cognitive style) Sensation Thinkers _________ prefer abstract situations that are broad in scope. These managers tend to avoid details and are both logical and impersonal. (This is a type of cognitive style) Intuitive Thinkers This type of decision making involves looking for alternatives only long enough to find one that meets our needs. Satisficing When you make a decision and try to shape your criteria for alternatives to make your choice seem rational, you are using ____________. Implicit Favorite Decision Making When people make a decision using "selective hearing," they are only listening to information that affirms their decision (rather than all of the information). What error does this cause? Confirmation Error ___________ occurs because people have a difficult time processing sunk costs and persist in trying to find ways to salvage what is already gone. Escalation of Commitment When a person makes a decision based on recent events and information on hand, they are making an error due to __________. Availability Heuristics Someone who is said to be a 'whistleblower' has learned that his or her company engages in an unethical activity and has made the information known _________. outside of the firm These are upfront payments to influence a transaction. Bribes These occur when someone who has made a sale through favorable treatments gives back part of the profits to the party providing the favor. Kickbacks ______ are rules about how businesses and their employees should behave. Business Ethics Business ethics help to guide an organization's efforts and offer a foundation for its _______. culture The ________ refers to respecting the dignity of all