MGT 301 3 UK KIRN COMPREHENSIVE
STUDY GUIDE 2026 FULL QUESTIONS
AND SOLUTIONS GRADED A+
◍ Cognitive Component of Attitude.
Answer: The opinion or belief segment of an attitude (e.g., an evaluative
statement).
◍ Job Characteristics Model (JCM).
Answer: A model that proposes that any job can be described in terms of
five core job dimensions: skill variety, task identity, task significance,
autonomy, and feedback.
◍ BCG matrix: question marks.
Answer: risky new ventures- some will become stars, some dogs
◍ Q: in the Mary Kay Cosmetics Co., the best salespeople receive pink
Cadillacs in special awards ceremonies. This is an example of a. a symbol b.
a valuec. a rite or ritual d. both a symbol and a rite.
Answer: both a symbol and a rite
◍ 9 common decision- making biases *****.
Answer: 1. availability bias 2. representativeness bias 3. confirmation bias4.
sunk-cost bias5. anchoring & adjustment bias 6. overconfidence bias 7.
hindsight bias 8. framing bias 9. escalation of commitment bias
◍ overconfidence bias.
Answer: use our gut instead of real data
◍ tolerance for ambiguity.
Answer: indicates the extent to which a person has a high need for structure
or control in his or her life
, ◍ big data analytics.
Answer: the process of examining large amounts of data of a variety of types
to uncover hidden patterns, unknown correlations, and other useful
information
◍ competitive advantage.
Answer: the ability of an organization to produce goods or services more
effectively than its competitors, thereby outperforming them
◍ Behavioral Component of Attitude.
Answer: An intention to behave in a certain way toward someone or
something.
◍ strategy or strategic plan.
Answer: -a large-scale action plan that sets the long-term goals and direction
for an organization -represents an "educated guess" about what must be
done in the long term for the survival or prosperity of the organization
-reconsidered every year due to ever-changing business conditions
◍ single-use plan.
Answer: for activities not likely to be repeated in the future -program
-project
◍ ineffective reaction: defensive avoidance.
Answer: can't find a good solution and follows by procrastinating, passing
the buck, or denying the risk
◍ policy.
Answer: outlines general response to a designated problem or situation
◍ hindsight bias.
Answer: 20/20 view events as more predictable than they are
◍ planning- three definitions.
Answer: 1. planning is defined as setting goals and deciding how to achieve
them 2. planning is coping with uncertainty by formulating future courses of
action to achieve specified results 3. a plan is a document that outlines how
STUDY GUIDE 2026 FULL QUESTIONS
AND SOLUTIONS GRADED A+
◍ Cognitive Component of Attitude.
Answer: The opinion or belief segment of an attitude (e.g., an evaluative
statement).
◍ Job Characteristics Model (JCM).
Answer: A model that proposes that any job can be described in terms of
five core job dimensions: skill variety, task identity, task significance,
autonomy, and feedback.
◍ BCG matrix: question marks.
Answer: risky new ventures- some will become stars, some dogs
◍ Q: in the Mary Kay Cosmetics Co., the best salespeople receive pink
Cadillacs in special awards ceremonies. This is an example of a. a symbol b.
a valuec. a rite or ritual d. both a symbol and a rite.
Answer: both a symbol and a rite
◍ 9 common decision- making biases *****.
Answer: 1. availability bias 2. representativeness bias 3. confirmation bias4.
sunk-cost bias5. anchoring & adjustment bias 6. overconfidence bias 7.
hindsight bias 8. framing bias 9. escalation of commitment bias
◍ overconfidence bias.
Answer: use our gut instead of real data
◍ tolerance for ambiguity.
Answer: indicates the extent to which a person has a high need for structure
or control in his or her life
, ◍ big data analytics.
Answer: the process of examining large amounts of data of a variety of types
to uncover hidden patterns, unknown correlations, and other useful
information
◍ competitive advantage.
Answer: the ability of an organization to produce goods or services more
effectively than its competitors, thereby outperforming them
◍ Behavioral Component of Attitude.
Answer: An intention to behave in a certain way toward someone or
something.
◍ strategy or strategic plan.
Answer: -a large-scale action plan that sets the long-term goals and direction
for an organization -represents an "educated guess" about what must be
done in the long term for the survival or prosperity of the organization
-reconsidered every year due to ever-changing business conditions
◍ single-use plan.
Answer: for activities not likely to be repeated in the future -program
-project
◍ ineffective reaction: defensive avoidance.
Answer: can't find a good solution and follows by procrastinating, passing
the buck, or denying the risk
◍ policy.
Answer: outlines general response to a designated problem or situation
◍ hindsight bias.
Answer: 20/20 view events as more predictable than they are
◍ planning- three definitions.
Answer: 1. planning is defined as setting goals and deciding how to achieve
them 2. planning is coping with uncertainty by formulating future courses of
action to achieve specified results 3. a plan is a document that outlines how
