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:

Neuron

A nerve cell; the basic building block of the nervous system.

Memory Trace

A term used to describe the physical change in the brain, possibly in the form of neural connections, that represents the existence of a memory.

Specific Memory

A type of memory that pertains to detailed information about a specific event or item.

Retrieval Cue

A stimulus that allows or aids the recall of information from memory.