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Way of raising the level of satisficing that occurs in the organizational decision-making process

36. The bounded rationality model reflects individual’s or team’s tendencies to do all of the following except ______.
a.
select an alternative that will provide the maximum possible gain
b.
undertake a limited search for alternative solutions
c.
cope with inadequate information and control of external and internal environmental forces influencing the outcomes of decisions
d.
select less than the best goal or alternative solution


ANS:  A                   

   37.   In the_____, an individual or team stops searching for alternatives as soon as an acceptable goal or solution is discovered.
a.
bounded rationality model
b.
balancing interests principles
c.
equitable outcome principles
d.
situational-effect model


ANS:  A                  

   38.   Which of the following has (have) been suggested as a way of raising the level of satisficing that occurs in the organizational decision-making process?
a.
personal determination
b.
setting higher individual or organizational standards
c.
using sophisticated decision-making and problem-solving techniques
d.
all of these have been suggested for this purpose


ANS:  D                   

   39.   ____ is the process of continuing or increasing the allocation of resources to a course of action even though a substantial amount of feedback indicates that the choice made is wrong.
a.
Satisficing
b.
Risk propensity
c.
Escalating commitment
d.
Emotional block


ANS:    C
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