BUAD 309 EVALUATION EXAM 2026/2027 QUESTIONS
AND SOLUTIONS RATED A+
✔✔stereotyping - ✔✔judging someone on the basis of one's perception of the group to
which that person belongs
✔✔self-fulfilling prophecy - ✔✔a situation in which a person inaccurately perceives a
second person, and the resulting expectations cause the second person to behave in
ways consistent with the original perception
✔✔decisions - ✔✔choices made from among two or more alternatives
✔✔problem - ✔✔a discrepancy between the current state of affairs and some desired
state
✔✔rational - ✔✔characterized by making consistent, value-maximizing choices within
specified constraints
✔✔rational decision-making model - ✔✔a decision-making model that describes how
individuals should behave in order to maximize some outcome
✔✔bounded rationality - ✔✔a process of making decisions by constructing simplified
models that extract the essential features from problems without capturing all their
complexity
✔✔intuitive decision-making - ✔✔an unconscious process created out of distilled
experience
✔✔anchoring bias - ✔✔a tendency to fixate on initial information, from which one then
fails to adequately adjust for subsequent information
✔✔conformation bias - ✔✔a tendency to seek out information that reaffirms past
choices and to discount information that contradicts past judgments
✔✔availability bias - ✔✔the tendency for people to base their judgements on
information that is readily available to them
✔✔escalation of commitment - ✔✔an increased commitment to a previous decision in
spite of negative information
✔✔randomness error - ✔✔the tendency of individuals to believe that they can predict
the outcome of random events
, ✔✔risk aversion - ✔✔the tendency to prefer a sure gain of a moderate amount over a
riskier outcome, even if the riskier outcome might have a higher expected payoff
✔✔hindsight bias - ✔✔the tendency to believe falsely, after an outcome of an event is
actually known, that one would have accurately predicted that outcome
✔✔utilitarianism - ✔✔a system in which decisions are made to provide the greatest
good for the greatest number
✔✔whistle-blowers - ✔✔individuals who report unethical practices by their employer to
outsiders
✔✔creativity - ✔✔the ability to produce novel and useful ideas
✔✔three-component model of creativity - ✔✔the proposition that individual creativity
requires expertise, creative thinking skills, and intrinsic task motivation
✔✔ manager - ✔✔an individual who achieves goals through other people
✔✔organization - ✔✔a consciously coordinated social unit, composed of two or more
people, that functions on a relatively continuous basis to achieve a common goal or set
of goals
✔✔planning - ✔✔a process that includes defining goals, establishing strategy, and
developing plans to coordinate activities
✔✔organizing - ✔✔determining what tasks are to be done, who is to do them, how the
tasks are to be grouped, who reports to whom, and where decisions are to be made
✔✔leading - ✔✔a function that includes motivating employees, directing others,
selecting the most effective communication channels, and resolving conflicts
✔✔controlling - ✔✔monitoring activities to ensure they are being accomplished as
planned and correcting any significant deviations
✔✔technical skills - ✔✔the ability to apply specialized knowledge or expertise
✔✔human skills - ✔✔the ability to work with, understand, and motivate other people,
both individually and in groups
✔✔conceptual skills - ✔✔the mental ability to analyze and diagnose complex situations
AND SOLUTIONS RATED A+
✔✔stereotyping - ✔✔judging someone on the basis of one's perception of the group to
which that person belongs
✔✔self-fulfilling prophecy - ✔✔a situation in which a person inaccurately perceives a
second person, and the resulting expectations cause the second person to behave in
ways consistent with the original perception
✔✔decisions - ✔✔choices made from among two or more alternatives
✔✔problem - ✔✔a discrepancy between the current state of affairs and some desired
state
✔✔rational - ✔✔characterized by making consistent, value-maximizing choices within
specified constraints
✔✔rational decision-making model - ✔✔a decision-making model that describes how
individuals should behave in order to maximize some outcome
✔✔bounded rationality - ✔✔a process of making decisions by constructing simplified
models that extract the essential features from problems without capturing all their
complexity
✔✔intuitive decision-making - ✔✔an unconscious process created out of distilled
experience
✔✔anchoring bias - ✔✔a tendency to fixate on initial information, from which one then
fails to adequately adjust for subsequent information
✔✔conformation bias - ✔✔a tendency to seek out information that reaffirms past
choices and to discount information that contradicts past judgments
✔✔availability bias - ✔✔the tendency for people to base their judgements on
information that is readily available to them
✔✔escalation of commitment - ✔✔an increased commitment to a previous decision in
spite of negative information
✔✔randomness error - ✔✔the tendency of individuals to believe that they can predict
the outcome of random events
, ✔✔risk aversion - ✔✔the tendency to prefer a sure gain of a moderate amount over a
riskier outcome, even if the riskier outcome might have a higher expected payoff
✔✔hindsight bias - ✔✔the tendency to believe falsely, after an outcome of an event is
actually known, that one would have accurately predicted that outcome
✔✔utilitarianism - ✔✔a system in which decisions are made to provide the greatest
good for the greatest number
✔✔whistle-blowers - ✔✔individuals who report unethical practices by their employer to
outsiders
✔✔creativity - ✔✔the ability to produce novel and useful ideas
✔✔three-component model of creativity - ✔✔the proposition that individual creativity
requires expertise, creative thinking skills, and intrinsic task motivation
✔✔ manager - ✔✔an individual who achieves goals through other people
✔✔organization - ✔✔a consciously coordinated social unit, composed of two or more
people, that functions on a relatively continuous basis to achieve a common goal or set
of goals
✔✔planning - ✔✔a process that includes defining goals, establishing strategy, and
developing plans to coordinate activities
✔✔organizing - ✔✔determining what tasks are to be done, who is to do them, how the
tasks are to be grouped, who reports to whom, and where decisions are to be made
✔✔leading - ✔✔a function that includes motivating employees, directing others,
selecting the most effective communication channels, and resolving conflicts
✔✔controlling - ✔✔monitoring activities to ensure they are being accomplished as
planned and correcting any significant deviations
✔✔technical skills - ✔✔the ability to apply specialized knowledge or expertise
✔✔human skills - ✔✔the ability to work with, understand, and motivate other people,
both individually and in groups
✔✔conceptual skills - ✔✔the mental ability to analyze and diagnose complex situations
