OAM330 MIDTERM ACTUAL 2025/2026 WITH VERIFIED ANSWERS

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OAM330 MIDTERM ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS Organizational behavior - Answer -a systematic study of how people act in organizations Decision-making models (3 - RIB) - Answer -1. Rationale 2. Intuitive 3. Bounded Rationality Rationale - Answer -describes a series of steps if the goal is to maximize the outcome and make the best choice Advantages of rationale (CA) - Answer -1. Criteria/set of parameters against which potential options will be evaluated 2. Alternative/other possible solutions to a problem in the decisionmaking process Why do people not use the rational decision-making model for day-today decisions? - Answer -There is too much information and too many choices, which can lead to analysis paralysis (humans are cognitively lazy) Intuitive - Answer -Arriving at decisions without conscious reasoning Bounded rationality model - Answer -People knowingly limit their options to a manageable set and choose the first acceptable alternative or what is good enough. Recognizes the limitations of decision-making. Need assistance on Online classes, Exams & Assignments? Reach out for instant help!! Full Course Assistance, Plagiarism-free Essay Writing, Research Paper, Dissertation, Discussion Posts, etc…. Confidential & Secure services. Tutors are available for all subjects! Email now at: tutorjean01@gmail.com Heuristics - Answer -mental shortcuts or rules of thumb that people use to make decisions quickly Cognitive bias - Answer -erros in perception that lead to faulty decision-making Bias - Answer -consistently over or under the true parameter Availability bias - Answer -information that is more readily available is viewed as more likely to occur When does availability bias occur? - Answer -People conflate how likely something is to happen with how frequently we are exposed to the information (Ex. events that are more easily imagined = vivid/emotional) Conjunction fallacy - Answer -People inaccurately judge that two or more events are more likely to occur than one event (more likely to be a salesperson than a salesperson and an activist) Representative bias - Answer -assessing an event as more likely to occur based on our own stereotypes What is representativeness based on? - Answer -Largely based on one's own personal experience of familiarity with a situation Anchoring and adjustment bias - Answer -relying too heavily on an initial figure and failing to adjust sufficiently Example of anchoring/adjustment bias? - Answer -Mt. everest and a persons phone number Need assistance on Online classes, Exams & Assignments? Reach out for instant help!! Full Course Assistance, Plagiarism-free Essay Writing, Research Paper, Dissertation, Discussion Posts, etc…. Confidential & Secure services. Tutors are available for all subjects! Email now at: tutorjean01@gmail.com