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What is Heuristics?

48. ____ refers to the tendency to interpret issues and options in either positive or negative terms.
a.
Limited search
b.
Risk propensity
c.
Problem framing
d.
Emotional block


ANS:  C                 

   49.   ____ refers to the decision rules that are a part of the bounded rationality model.
a.
Heuristics
b.
Risk propensity
c.
Problem framing
d.
Emotional block


ANS:  A                   
   50.   The heuristic which involves ranking items the same way a dictionary does: one criterion (analogous to one letter) at a time is called the _____.
a.
dictionary rule
b.
alphabet rule
c.
letter rule
d.
rank rule


ANS:  A                   

   51.   Competent and experienced leaders _____
a.
focus on positive rather than negative outcomes.
b.
implement retribution.
c.
base decisions on closed system thinking.
d.
attempt to minimize biases.


ANS:    D
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