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Test Bank for Judgment in Managerial Decision Making – Max H. Bazerman, Don A. Moore | 8th Edition (Updated & Brand New) | Latest Decision-Making Study Resource

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This document is a comprehensive test bank for Judgment in Managerial Decision Making (8th Edition) by Bazerman and Moore. It includes a wide range of multiple-choice questions with correct answers, focusing on behavioral decision theory, cognitive biases, ethical judgment, and managerial applications. Ideal for students in management, business, and psychology courses who are preparing for exams using the latest edition.This document is a comprehensive test bank for Judgment in Managerial Decision Making (8th Edition) by Bazerman and Moore. It includes a wide range of multiple-choice questions with correct answers, focusing on behavioral decision theory, cognitive biases, ethical judgment, and managerial applications. Ideal for students in management, business, and psychology courses who are preparing for exams using the latest edition.This document is a comprehensive test bank for Judgment in Managerial Decision Making (8th Edition) by Bazerman and Moore. It includes a wide range of multiple-choice questions with correct answers, focusing on behavioral decision theory, cognitive biases, ethical judgment, and managerial applications. Ideal for students in management, business, and psychology courses who are preparing for exams using the latest edition.This document is a comprehensive test bank for Judgment in Managerial Decision Making (8th Edition) by Bazerman and Moore. It includes a wide range of multiple-choice questions with correct answers, focusing on behavioral decision theory, cognitive biases, ethical judgment, and managerial applications. Ideal for students in management, business, and psychology courses who are preparing for exams using the latest edition.This document is a comprehensive test bank for Judgment in Managerial Decision Making (8th Edition) by Bazerman and Moore. It includes a wide range of multiple-choice questions with correct answers, focusing on behavioral decision theory, cognitive biases, ethical judgment, and managerial applications. Ideal for students in management, business, and psychology courses who are preparing for exams using the latest edition.This document is a comprehensive test bank for Judgment in Managerial Decision Making (8th Edition) by Bazerman and Moore. It includes a wide range of multiple-choice questions with correct answers, focusing on behavioral decision theory, cognitive biases, ethical judgment, and managerial applications. Ideal for students in management, business, and psychology courses who are preparing for exams using the latest edition.This document is a comprehensive test bank for Judgment in Managerial Decision Making (8th Edition) by Bazerman and Moore. It includes a wide range of multiple-choice questions with correct answers, focusing on behavioral decision theory, cognitive biases, ethical judgment, and managerial applications. Ideal for students in management, business, and psychology courses who are preparing for exams using the latest edition.This document is a comprehensive test bank for Judgment in Managerial Decision Making (8th Edition) by Bazerman and Moore. It includes a wide range of multiple-choice questions with correct answers, focusing on behavioral decision theory, cognitive biases, ethical judgment, and managerial applications. Ideal for students in management, business, and psychology courses who are preparing for exams using the latest edition.This document is a comprehensive test bank for Judgment in Managerial Decision Making (8th Edition) by Bazerman and Moore. It includes a wide range of multiple-choice questions with correct answers, focusing on behavioral decision theory, cognitive biases, ethical judgment, and managerial applications. Ideal for students in management, business, and psychology courses who are preparing for exams using the latest edition.This document is a comprehensive test bank for Judgment in Managerial Decision Making (8th Edition) by Bazerman and Moore. It includes a wide range of multiple-choice questions with correct answers, focusing on behavioral decision theory, cognitive biases, ethical judgment, and managerial applications. Ideal for students in management, business, and psychology courses who are preparing for exams using the latest edition.This document is a comprehensive test bank for Judgment in Managerial Decision Making (8th Edition) by Bazerman and Moore. It includes a wide range of multiple-choice questions with correct answers, focusing on behavioral decision theory, cognitive biases, ethical judgment, and managerial applications. Ideal for students in management, business, and psychology courses who are preparing for exams using the latest edition.This document is a comprehensive test bank for Judgment in Managerial Decision Making (8th Edition) by Bazerman and Moore. It includes a wide range of multiple-choice questions with correct answers, focusing on behavioral decision theory, cognitive biases, ethical judgment, and managerial applications. Ideal for students in management, business, and psychology courses who are preparing for exams using the latest edition.This document is a comprehensive test bank for Judgment in Managerial Decision Making (8th Edition) by Bazerman and Moore. It includes a wide range of multiple-choice questions with correct answers, focusing on behavioral decision theory, cognitive biases, ethical judgment, and managerial applications. Ideal for students in management, business, and psychology courses who are preparing for exams using the latest edition.

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Max H. Bazerman, Don A. Moore Judgment in Managerial Decision Making
  • juni 2013
  • 9781118065709
  • Unknown

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Judgment in Managerial Decision Making
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Judgment in Managerial Decision Making

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Uploaded on
June 27, 2025
Number of pages
64
Written in
2024/2025
Type
Exam (elaborations)
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Subjects

  • test bank for judgment in managerial decision maki
  • managerial decision making behavioral economics ju

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, Chapter1IntroductiontoManagerialDecisionMaking Il̀ Il̀ Il̀ Il̀ Il̀ Il̀




Multiple choice Il`




1) An optimal search for alternatives should last:
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a. As long as needed to find the best solution. Il` Il` Il` Il` Il` Il` Il` Il`




b. As long as needed to find the first good enough solution. Il` Il` Il` Il` Il` Il` Il` Il` Il` Il`




c. As long as the cost of the search does not outweigh the value of the added information.
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d. As long as the cost of the search is within the appropriate limits set by the decision maker.
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Il` Ans: c Il`




Response: p. 2-3 Il` Il`




2) Rating alternatives on each of the decision criteria is considered the most difficult stage of the
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decision-making process, because:
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a. It assumes we have precisely defined our priorities.
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b. It requires us to forecast how each alternative solution will achieve each of our decision
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criteria. Il`




c. It requires us to compare all of the alternatives simultaneously.
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d. It is likely to fail if our problem is not defined correctly, and this failure will not be detected.
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Ans: b
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Response: p. 3 Il` Il`




3) In the interplay between system 1 and system 2 thinking, the key goal for managers is:
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a. To improve their use of system 1 thinking. Il` Il` Il` Il` Il` Il` Il`




b. To attempt to use system 2 thinking as much as possible. Il` Il` Il` Il` Il` Il` Il` Il` Il` Il`




c. To apply both systems in making decisions in order to perform a more thorough and
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complex search for alternatives.
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d. To identify when they should move from system 1 to system 2 thinking. Ans: d
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Response: p. 4
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, 4) Which of the following is a typical characteristic of heuristics?
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a. They provide us with a simple way of dealing with complex problems. Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il`




b. They have the best likelihood of reaching an optimal solution to a problem.
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c. They are time and resource consuming. Il` Il` Il` Il` Il`




d. They are used mainly by irrational decision makers. Il` Il` Il` Il` Il` Il` Il`




Ans: aIl`




Response:p.6
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Questions 5-8 describe examples of heuristics outlined in the chapter. For each question, indicate which
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heuristic it describes:
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a. Therepresentativeness heuristic. Il̀ Il`




b. The availability heuristic. Il` Il`




c. The confirmation heuristic. Il` Il`




d. The affect heuristic. Il` Il`




5) Inner city crime in the U.S. gets considerable media coverage, such that every homicide is
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reported in the news. In contrast, a story of a person who died from a heart attack rarely makes
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the news. This leads people to overestimate the frequency of deaths due to homicides relative
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to those due to heart failure.
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Ans: b Il`




I l ` Response:p.7- Il̀ Il̀




8



6) John is over seven feet tall. When asked whether John is a professional basketball player or a
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software programmer, many people predict the former, even though there are many more
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software programmers, even very tall ones, than professional basketball players.
Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Ans: a Il`




Response: p. 8-9 Il` Il`

, 7) After reading about the positive effect chocolate has on student performance, a teacher gives
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Il` each student in a class a chocolate bar before taking an exam. 15 out of 22 students in that class get
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Il` an A on the exam. The teacher therefore concludes that chocolate enhances performance. Ans: c
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Response: p. 9-10 Il` Il`




8) A common wisdom in politics is that the more an argument is repeated, the more it will be
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considered by the public as reliable and true.
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Ans: b Il`




I l ` Response:p.7- Il̀ Il̀




8



9) The affect heuristic can explain why
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a. People who live in California are assumed to be happier than people who live in the
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Midwest. Il`




b. Students predict they will be sadder after getting a bad grade on a test than they Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il`




actually are in these situations.
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c. People do not remember sad events from their early childhood. Il` Il` Il` Il` Il` Il` Il` Il` Il`




d. Stock prices go up on sunny days. Il` Il` Il` Il` Il` Il`




Ans: d Il`




Response:p.10
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True/False


10) Succumbing to heuristics is inevitable, and there is no way to make judgment less prone them.
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Rather, one can only be aware of the biasing effect heuristics have on one’s judgment.
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Ans: False Il`




Response:p.11
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