This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Why do time constraints cause errors in decision making? A) Your performance is being judged, ... (Read 51 times)

B

  • Hero Member
  • *****
  • Posts: 570
on: Jul 7, 2018
Why do time constraints cause errors in decision making?
 
  A) Your performance is being judged, placing far more pressure on you to quickly solve the problem successfully
  B) Effective managers can quickly assess the situation and make a decision. Taking more time provides the impression that you aren't a good manager
  C) Time constraints limit your ability to gather information
  D) Time is money

Question 2

Which type of decision making incorporates mental tricks known as mental accounting people use to help make financial and business decisions?
 
  A) Probability accounting
  B) Behavioral economics
  C) Organizational psychology
  D) Naturalistic


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Li Jun

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jul 7, 2018
Answer to Question 1

C
Explanation: C) When we don't have time to gather the resources we would like to rely on, we don't have all of the information we need and we don't have time to fully analyze or think through the problem, synthesize a response, or create resiliency.

Answer to Question 2

B
Explanation: B) Behavioral economics incorporates the investigation of mental tricks, also known as mental accounting, people engage in to assist in making complex decisions, often those dealing with financial and business decisions.


B

  • Member
  • Posts: 570
Reply 2 on: Jul 7, 2018
YES! Correct, THANKS for helping me on my review

mcabuhat

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Discoverer of inborn errors of metabolism Discoverer of inborn errors of metabolism
Model for evidence-based clinical decision making. Model for evidence-based clinical decision making.
Older adulthood can be a time of independence and exploration as responsibilities diminish and the ... Older adulthood can be a time of independence and exploration as responsibilities diminish and the ...
Accumulation of toxicants over time and up the food chain Accumulation of toxicants over time and up the food chain
Time vs. USA Population Exponential Time vs. USA Population Exponential
The Geologic Time Scale The Geologic Time Scale
Video: Isovolumetric VC, Ventricular ejection, Isovolumetric & Passive ventricular filling

For a complete list of videos, visit our video library