Practice Intuitive Decisions (12.2.3.2) - Decision-Making in Organizations

Practice: Intuitive Decisions

Lesson 12.2.3.2Decision-Making in Organizations

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8 questions

Flashcard drill
3 cards from this section. Quick, good the night before a test.
Exercise
6 questions · about 4 min · pass mark 70%. Hints available.
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Quiz
2 questions · about 1 min · pass mark 70%. Hints available.
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6 sample questions

Question 1.
Define intuitive decision-making.
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Think of a decision you made without data.
Question 2.
What is satisficing in decision-making?
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Consider a time you made a choice that was good enough.
3Question 3.
What is intuitive decision-making?
- A decision-making process based solely on logical analysis.
- A decision-making that relies on personal instincts and experiences.
- A decision-making approach that avoids all data.
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Remember the role of instincts.
4Question 4.
True or False: Intuition should replace analytical approaches in decision-making.
- True
- False
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Think about how best practices advise mixing intuition with data.
Question 5.
Provide a detailed analysis of how a company can balance intuitive and data-driven decision-making in a crisis. Illustrate with relevant examples.
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Consider instances where quick responses are key.
Question 6.
Explore a historical case study highlighting the impact of cognitive biases on a major business decision.
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Research past corporate misjudgments caused by biases.

4 more questions in this section. Enroll free to practise them all.