MAN6366 FINAL COMPLETE EXAM LATEST
UPDATED
Day 1: - ANSWER
Sustainable Competitive Advantage - ANSWER a value created strategy not
simultaneously being implemented by any current or potential competitors and
other firms are unable to duplicate the benefits of this strategy
Valuable, Rare, Inimitable, and No Substitutes
Psychological Contract - ANSWER describes what employees and employers
expect from the employment relationship
Day 2: - ANSWER
Evidence-Based Management - ANSWER translating principles based on best
evidence into organizational practice
- helps organizations effectively solve problems and make decisions
Evidence-Based Managers Are: - ANSWER Multidisciplinary
Adaptable
Self-Critical
Cautious
Empirical
Big "E" evidence - ANSWER generalizable knowledge regarding cause and
effect connections derived from scientific methods
- ex: specific goals are more effective than general ones
Little "e" evidence - ANSWER data systematically gathered in a particular
setting to inform local decisions
- ex: an actual analysis of a situation
,Primacy/Recency Effect - ANSWER Cognitively easier to remember the initial
information (when paying the most attention) and most recent (less opportunity
to forget)
Confirmation Bias - ANSWER seeking or interpreting of evidence in ways that
are partial to existing beliefs, expectation, decisions or a hypothesis at hand
- ex: considering only one explanation, overweighting positive facts (if
interviewee has "accomplished" resume, interviewer might ask easier questions)
Predecision Information Distortion - ANSWER prior to deciding, an individual
begins to favor a particular choice option and this preference shifts the
evaluation in a manner that benefits the early leader
- confirmation bias BEFORE making the decision
Overconfidence - ANSWER tendency to be too confident in one's own abilities
(drives individuals to make riskier decisions)
- taking credit for accomplishments that could have been just luck
Optimism Bias - ANSWER overly optimistic about the outcome of planned
actions (underestimate likelihood of experiencing bad events)
- expect to live longer, be healthy, etc. - results in lack of planning for the
negative parts of life
Planning Fallacy - ANSWER the tendency to underestimate how long it will
take to complete a task
Attractiveness - ANSWER individuals ascribe more favorable personality traits
and successful life outcomes to attractive than unattractive people
Weight-Based Bias - ANSWER Obese individuals viewed as having less
desirable characteristics but there is no evidence for different in personality
characteristics based on weight
Day 3: - ANSWER
Equal Employment Opportunity (EEO) - ANSWER the condition in which all
individuals have an equal chance for employment, regardless of their race,
color, religion, sex, age, disability, or national origin
, Constitutional Amendments (EEO) - ANSWER Amendment 13 - abolish
slavery
Amendment 14 - forbid state from taking life, liberty, or property without due
process
Equal Pay Act of 1963 (EEO) - ANSWER Men and women doing equal work
in an organization must be paid the same
Civil Rights Act of 1964 (EEO) - ANSWER Prohibits employers from
discriminating based on:
-Race
-Color
-Religion
-Sex
-National Origin
This only applies to organizations that employe 15+ and prevents employers
from retaliating against 'opposing' employees
Age Discrimination in Employment Act (ADEA) 1967 (EEO) - ANSWER
prohibits hiring, firing, setting compensation rates, and other employment
decisions based on a person's age being over 40 (but companies can still use
early-retirement packages)
Americans with Disabilities Act (ADA) of 1990 (EEO) - ANSWER Prohibits
discrimination based on disability in all employment practices
-employers must take steeps to make reasonable accomodations
Disability - ANSWER a physical or mental impairment that substantially limits
one or more major life activities
Civil Rights Act of 1991 (EEO) - ANSWER Amend CRA 1964 by adding
compensatory and punitive damages in cases of discrimination under Title VII
and the ADA (only when discrimination was intentional or reckless)
Equal Employment Opportunity Commission (EEOC) - ANSWER Responsible
for enforcing most of EEO laws.
-Investigates and resolves complaints about discrimination
UPDATED
Day 1: - ANSWER
Sustainable Competitive Advantage - ANSWER a value created strategy not
simultaneously being implemented by any current or potential competitors and
other firms are unable to duplicate the benefits of this strategy
Valuable, Rare, Inimitable, and No Substitutes
Psychological Contract - ANSWER describes what employees and employers
expect from the employment relationship
Day 2: - ANSWER
Evidence-Based Management - ANSWER translating principles based on best
evidence into organizational practice
- helps organizations effectively solve problems and make decisions
Evidence-Based Managers Are: - ANSWER Multidisciplinary
Adaptable
Self-Critical
Cautious
Empirical
Big "E" evidence - ANSWER generalizable knowledge regarding cause and
effect connections derived from scientific methods
- ex: specific goals are more effective than general ones
Little "e" evidence - ANSWER data systematically gathered in a particular
setting to inform local decisions
- ex: an actual analysis of a situation
,Primacy/Recency Effect - ANSWER Cognitively easier to remember the initial
information (when paying the most attention) and most recent (less opportunity
to forget)
Confirmation Bias - ANSWER seeking or interpreting of evidence in ways that
are partial to existing beliefs, expectation, decisions or a hypothesis at hand
- ex: considering only one explanation, overweighting positive facts (if
interviewee has "accomplished" resume, interviewer might ask easier questions)
Predecision Information Distortion - ANSWER prior to deciding, an individual
begins to favor a particular choice option and this preference shifts the
evaluation in a manner that benefits the early leader
- confirmation bias BEFORE making the decision
Overconfidence - ANSWER tendency to be too confident in one's own abilities
(drives individuals to make riskier decisions)
- taking credit for accomplishments that could have been just luck
Optimism Bias - ANSWER overly optimistic about the outcome of planned
actions (underestimate likelihood of experiencing bad events)
- expect to live longer, be healthy, etc. - results in lack of planning for the
negative parts of life
Planning Fallacy - ANSWER the tendency to underestimate how long it will
take to complete a task
Attractiveness - ANSWER individuals ascribe more favorable personality traits
and successful life outcomes to attractive than unattractive people
Weight-Based Bias - ANSWER Obese individuals viewed as having less
desirable characteristics but there is no evidence for different in personality
characteristics based on weight
Day 3: - ANSWER
Equal Employment Opportunity (EEO) - ANSWER the condition in which all
individuals have an equal chance for employment, regardless of their race,
color, religion, sex, age, disability, or national origin
, Constitutional Amendments (EEO) - ANSWER Amendment 13 - abolish
slavery
Amendment 14 - forbid state from taking life, liberty, or property without due
process
Equal Pay Act of 1963 (EEO) - ANSWER Men and women doing equal work
in an organization must be paid the same
Civil Rights Act of 1964 (EEO) - ANSWER Prohibits employers from
discriminating based on:
-Race
-Color
-Religion
-Sex
-National Origin
This only applies to organizations that employe 15+ and prevents employers
from retaliating against 'opposing' employees
Age Discrimination in Employment Act (ADEA) 1967 (EEO) - ANSWER
prohibits hiring, firing, setting compensation rates, and other employment
decisions based on a person's age being over 40 (but companies can still use
early-retirement packages)
Americans with Disabilities Act (ADA) of 1990 (EEO) - ANSWER Prohibits
discrimination based on disability in all employment practices
-employers must take steeps to make reasonable accomodations
Disability - ANSWER a physical or mental impairment that substantially limits
one or more major life activities
Civil Rights Act of 1991 (EEO) - ANSWER Amend CRA 1964 by adding
compensatory and punitive damages in cases of discrimination under Title VII
and the ADA (only when discrimination was intentional or reckless)
Equal Employment Opportunity Commission (EEOC) - ANSWER Responsible
for enforcing most of EEO laws.
-Investigates and resolves complaints about discrimination
