12 May WHICH OF THE FOLLOWING ETHICAL SYSTEMS DO SAMS DECISIONS FOLLOW?
When is a valid argument considered as being sound?
When its premise is false
When its conclusion is supported
When its premise is true
When its conclusion is not supported
17. Identify the drawback of utilitarianism.
It gives less importance to the consequences of actions.
It fails to weigh the pros and cons of actions.
It fails to consider the intentions of actions.
It is not suitable for choosing an outcome that maximizes happiness.
18. Who among the following individuals is most likely to be a victim of wishful thinking fallacy?
One who wishes to only use an alternative that solves a problem completely
One whose beliefs and decisions are affected by his or her needs and desires
One who blindly overestimates the decision making skills of ones own group
One whose decisions are made merely based on past experience or expert advice
19. During internal resource analysis of the strategic management process what does operations analysis involve?
An analysis of a firms strengths and weaknesses in human resource planning and labor relations
An analysis of a firms financial strengths and weaknesses through the use of balance sheet
An analysis of the strengths and weaknesses of a firms manufacturing and production activities
An analysis of the strengths and weaknesses of a firms marketing and promotional activities
20. How does a person reason deductively?
By trying to demonstrate a premise
By trying to prove a conclusion
By trying to support a conclusion
By trying to negate a finding
21. When does the straw man fallacy occur?
When a person considers only two alternatives even when other options are available
When a critic falsifies or overstates an adversarys position
When a decision maker dismisses an alternative that fails to solve the issue completely
When a person tries to disprove a claim based on its source
22. Annie an employee who often attributes her teams failures to bad luck attributes the failures of other teams to their personal shortcomings. Which of the following cognitive biases do Annies attributions exemplify?
Hindsight bias
In-group bias
Belief bias
Self-deception bias
23. Identify the statement that accurately describes the Sarbanes-Oxley Act.
Unlike other Acts its violations do not result in fines or prosecutions.
It was passed to promote business ethics by creating legal requirements.
Complying with the Act saves time and money but deteriorates efficiency.
It requires businesses to have only company insiders as board directors.
24. In the context of levels of planning what would be the responsibility of a frontline manager?
To translate broad strategic plans into precise goals and objectives
To determine the organizations long-term strategic objectives
To develop and implement a tactical plan for each organizational department
To recognize the explicit measures essential at an organizations lower levels
25. Which statement best describes a conglomerate diversification strategy?
It is corporate strategy in which a company vertically integrates to include supply chain activities.
It is a growth strategy in which a company tries sell its products in new diverse markets.
It is a corporate strategy in which a company expands its operations into unrelated businesses.
It is a growth strategy in which a company tries to differentiate its products from that of rivalry.
26. Which of the following questions is useful to be considered in the first stage of decision making?
What are the resources and activities required to implement the decision as planned?
Is there a discrepancy between the way things are and the way things ought to be?
What kinds of problems are likely to be faced if the chosen alternative is implemented?
Are there any solutions implemented previously to a problem similar to the present one?
27. What should a leader do to effectively manage group decision making?
Encourage team members to engage in groupthink
Promote the use of satisficing to quicken the process
Avoid letting a team member to dominate the discussion
Criticize team members who fail to suggest good alternatives
28. In the context of cognitive biases when does the false consensus effect occur?
When one instinctively assigns a probability to an event based on past experience
When one unconsciously aligns his or her thoughts with that of others
When one assumes that ones own and others attitudes are shared by society at large
When one agrees with a generalized statement based on a single report
29. Which of the following is an objective claim?
Math is easier than science.
Italy has the best food.
Rice vinegar is too sweet.
Mars has two moons.
30. Sam a marketing manager often makes ethical decisions based on what others feel about those decisions. He often considers opinions from other managers and employees. Which of the following ethical systems do Sams decisions follow?
Relativism
Utilitarianism
Egoism
Consequentialism
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