Chapter 6 Review

What is the most dominant philosophy of ethical decision making in business?

• A. Collectivism

• B. Justice and fairness

• C. Utilitarianism

• D. Deontology

Which one of the options below does not represent a form of decision-making process utilized to navigate risk and uncertainty?

•  A. Rational decision making

• B. Nominal decision making

• C. Bounded rationality

• D. Intuitive decision making

 Why is rationality bounded?

• A. Because all forms of rationality have limits

• B. Because we cannot process all the information we absorb

• C. Because we are bounded by our perceptions of other people

• D. Because we cannot expect people to be rational

1. What is the accurate statement regarding variations in decision-making among genders?

• A. Females are more likely to make risky decisions with low information based on perceived short-term gain

• B. Males are more likely to overanalyze problems before making a decision and to try to change a decision once it has been made

• C. Males are more likely to make risky decisions with low information based on perceived short-term gain

• D. There is no evidence-based on how gender can influence decision-making of a person 

Which of the following terms best describes the tendency to underestimate the influence of external factors when making judgments about the behavior of others?

• A. Fundamental attribution error

• B. Bandwagon effect

• C. Emotional dissonance

• D. Self-fulfilling prophecy

According to the attribution theory, if everyone who faces a similar situation responds in the same way, we can say the behavior shows

• A. Distinctiveness

• B. Consensus

• C. Consistency

• D. Manageability

Which of the following is NOT a constraint in the decision-making process in the organization ?

• A. Historical Precedents

• B. Time Constraints

• 1. C. Performance evaluation

• D. Cognitive biases

Which of the following is NOT a component of individual differences in decision-making ?

• A. Personality

• B. Perception

• 1. C. Energy and metabolism

• 1. D. Cultural differences

The cognitive bias and perceptual shortcut characterized by the tendency to rely heavily upon the first piece of information that individuals receive is

• A. Anchoring bias

• B. Hindsight bias

• 1. C. Confirmation bias

• 1. D. Halo effect

Internally-caused behaviors in attribution theory are the ones we attribute to situational factors

• A. True

• B. False