Intuitive decision making complements rational decision making but not bounded rational decision ...

Intuitive decision making complements rational decision making but not bounded rational decision making.
 
  Indicate whether the statement is true or false.

Question 2

Farrah has called together her management team to review information about customer satisfaction gathered by an external research company. Farrah is engaging in ________.
 
  A) perfect rationality
  B) bounded rationality
  C) evidence-based management
  D) relationship management

Question 3

Gilda has an idea that would streamline operations, reduce costs, and increase profits. Her idea requires the cooperation of several departments, some of which have demonstrated a resistance to change.
 
  By considering the context in which the changes must happen and the people in her organization, Gilda is using ________.
  A) evidence-based management
  B) bounded rationality
  C) intuition
  D) positive employee relations

Question 4

Intuitive decision making ________.
 
  A) is the systematic use of the best available evidence to improve decision making practice
  B) generally results in poor decisions and hence managers should learn to ignore their gut feelings
  C) is the process of making decisions based on experience, feelings, and accumulated judgment
  D) complements rational decision making but not bounded rational decision making

Question 5

Farrell has a knack for selecting candidates who become very successful workers. When asked how he does it, he answered that he listened to his gut. Farrell is really ________.
 
  A) using his intuition
  B) using bounded rationality
  C) using perfect rationality
  D) satisficing

Question 6

Which of the following is an aspect of intuition?
 
  A) experienced-based decisions
  B) quality-initiated decisions
  C) science-based decisions
  D) programmed decisions