Which of the Following Is a Guideline for Managers to Avoid

question 98

Multiple Choice

Which of the following is a guideline for managers to avoid the negative effects of cognitive biases?

• A) Concentrate on planning for the future instead of conducting a retrospective analysis.
• B) Reward middle managers irrespective of whether they fail or succeed to implement a decision.
• C) Rank various alternatives even when all relevant information is not available.
• D) List the criteria that are being used to assess and evaluate alternatives.
• E) Persist with economically superior alternatives despite the threat of cannibalization.

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Definitions:

Pigouvian Subsidy

A payment designed to encourage activities that yield external benefits.

Scenic Beauty

The visual appeal and aesthetic value of a particular landscape or location, often contributing to its desirability for recreation and tourism.

Bat House

A man-made structure designed to provide roosting sites for bats, facilitating natural pest control and biodiversity.

Policy Solution

A strategy or plan of action designed to address a particular public issue or problem.