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COB202 Test# 2 Exam Questions And Answers Verified 100% Correct

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COB202 Test# 2 Exam Questions And Answers Verified 100% Correct What are Actions to correct under-reward inequity? - ANSWER- -Reduce our inputs -Increase our outcomes -Increase other's inputs -Reduce other's outputs -Change our perceptions -Change comparison other -Leave the field Effective Goal Setting Features - ANSWER- -Specific - What, how, where, when, and with whom the task needs to be accomplished -Measurable - how much, how well, at what cost -Achievable - challenging, yet accepted (E-to-P) -Relevant - within employee's control -Time-framed - due date and when assessed -Exciting - employee commitment, not just compliance -Reviewed - feedback and recognition on goal progress and accomplishment Features of Effective Feedback - ANSWER- -Specific - connected to goal details -Relevant - Relates to person's behavior -Timely - links actions to outcomes -Credible - trustworthy source -Sufficiently frequent - Employee's knowledge/experience, Task cycle 2 types of Sources of Feedback - ANSWER- -social sources -nonsocial sources social sources - ANSWER- Feedback directly from others -e.g., boss, customers, multisource nonsocial sources - ANSWER- Feedback not conveyed directly by people -e.g., electronic displays, customer survey results What is the preferred feedback source? - ANSWER- Use nonsocial feedback for goal progress feedback -considered more accurate -negative feedback less damaging to self-esteem Use social sources for conveying positive feedback -Enhances employee's self-esteem Escalation of commitment can be effectively minimized by ensuring that: - ANSWER- those who make the decision are different from those who implement and evaluate it. The availability heuristic refers to the tendency: - ANSWER- to estimate the probability of something occurring by how easily we can recall those events. The concept of bounded rationality holds that: - ANSWER- decision makers process limited and imperfect information and rarely select the best choice. In the context of decision making, the rational choice paradigm selects the choice with the highest utility through the calculation of: - ANSWER- subjective expected utility. Which of these is the final step in the rational choice decision-making process? - ANSWER- Evaluating decision outcomes Intuition relies on programmed decision routines that speed up our response to pattern matches or mismatches. These programmed decision routines are referred to as: - ANSWER- action scripts. Perceptual defense refers to the: - ANSWER- blocking out of bad news or information that threatens our self-concept. Satisficing refers to: - ANSWER- the tendency to choose an alternative that is good enough rather than the best. Which of the following is true at the highest level of employee involvement? - ANSWER- The entire decision-making process is handed over to employees. ________ can be best defined as a conscious process of making choices among one or more alternatives with the intention of moving toward some desired state of affairs. - ANSWER- Decision making decision making - ANSWER- Process of making choices among alternatives with the intention of moving toward some desired state of affairs What are the 2 types of decisions? - ANSWER- -Programmed: Simple, routine matter for which a manager has an established decision rule -Non-Programmed: New, complex decision that requires a creative solution Rational Choice Paradigm - ANSWER- Effective decision makers identify, select, and apply the best possible alternative What are the 2 elements of rational choice paradigm? - ANSWER- -Subjective expected utility: determines choice with highest value (maximization) -Decision making process: systematic decision making stages subjective expected utility - ANSWER- Foundation of rational choice paradigm -Calculating choice with the highest expected satisfaction (maximization) -"Expected" — probability that selected choice will result in a specific outcome -"Utility" — positive/negative valence of the outcome (selection criterion) Rational Choice Decision-Making Process - ANSWER- 1. identify problem/opportunity *MOST IMPORTANT 2. choose the best decision process - how we're going to decide 3. discover or develop possible choices 4. select the choice with the highest value 5. implement the selected chocie 6. evaluate the selected choice Problem Identification Challenges - ANSWER- -Stakeholder framing: Providing (or hiding) information in ways that makes the decision maker see the situation as a problem, opportunity, or steady sailing -Decisive leadership: Identifying a problem or opportunity before logically assessing the situation -Solution-focused problems: Describing the problem as a veiled solution -Perceptual defense: Blocking out bad news that threatens self-concept as a coping mechanism -Mental models: Blinding us from seeing unique problems or opportunities because they produce a negative evaluation of things that are dissimilar to the mental model. How to Identify Problems Effectively - ANSWER- Be aware of perceptual and diagnostic limitations -- (i.e., emotional and cognitive biases) Fight against pressure to look decisive Maintain "divine discontent" (aversion to complacency)

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Institution
COB202
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COB202

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COB202 Test# 2 Exam Questions And Answers
Verified 100% Correct
What are Actions to correct under-reward inequity? - ANSWER- -Reduce our inputs
-Increase our outcomes
-Increase other's inputs
-Reduce other's outputs
-Change our perceptions
-Change comparison other
-Leave the field

Effective Goal Setting Features - ANSWER- -Specific - What, how, where, when,
and with whom the task needs to be accomplished -Measurable - how much, how
well, at what cost
-Achievable - challenging, yet accepted (E-to-P)
-Relevant - within employee's control
-Time-framed - due date and when assessed
-Exciting - employee commitment, not just compliance
-Reviewed - feedback and recognition on goal progress and accomplishment

Features of Effective Feedback - ANSWER- -Specific - connected to goal details
-Relevant - Relates to person's behavior
-Timely - links actions to outcomes
-Credible - trustworthy source
-Sufficiently frequent - Employee's knowledge/experience, Task cycle

2 types of Sources of Feedback - ANSWER- -social sources
-nonsocial sources

social sources - ANSWER- Feedback directly from others
-e.g., boss, customers, multisource

nonsocial sources - ANSWER- Feedback not conveyed directly by people
-e.g., electronic displays, customer survey results

What is the preferred feedback source? - ANSWER- Use nonsocial feedback for goal
progress feedback
-considered more accurate
-negative feedback less damaging to self-esteem

Use social sources for conveying positive feedback

, -Enhances employee's self-esteem

Escalation of commitment can be effectively minimized by ensuring that: - ANSWER-
those who make the decision are different from those who implement and evaluate it.

The availability heuristic refers to the tendency: - ANSWER- to estimate the probability
of something occurring by how easily we can recall those events.

The concept of bounded rationality holds that: - ANSWER- decision makers process
limited and imperfect information and rarely select the best choice.

In the context of decision making, the rational choice paradigm selects the choice with
the highest utility through the calculation of: - ANSWER- subjective expected utility.

Which of these is the final step in the rational choice decision-making process? -
ANSWER- Evaluating decision outcomes

Intuition relies on programmed decision routines that speed up our response to pattern
matches or mismatches. These programmed decision routines are referred to as: -
ANSWER- action scripts.

Perceptual defense refers to the: - ANSWER- blocking out of bad news or information
that threatens our self-concept.

Satisficing refers to: - ANSWER- the tendency to choose an alternative that is good
enough rather than the best.

Which of the following is true at the highest level of employee involvement? - ANSWER-
The entire decision-making process is handed over to employees.

________ can be best defined as a conscious process of making choices among one or
more alternatives with the intention of moving toward some desired state of affairs. -
ANSWER- Decision making

decision making - ANSWER- Process of making choices among alternatives with the
intention of moving toward some desired state of affairs

What are the 2 types of decisions? - ANSWER- -Programmed: Simple, routine matter
for which a manager has an established decision rule
-Non-Programmed: New, complex decision that requires a creative solution

Rational Choice Paradigm - ANSWER- Effective decision makers identify, select, and

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COB202
Course
COB202

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