You Are Part of a Group, Making a Decision About

question 94

Multiple Choice

You are part of a group, making a decision about whether it is appropriate to discontinue research on a new drug. This new drug would save lives, but it is uncertain whether you can develop it within a reasonable time frame and at a reasonable cost. Your firm has already spent a small fortune on this drug. You have gathered so much information in preparation to making the decision that you are unable to sort the good information from the superfluous data. You just feel that this project has merit. What form of decision making are you using if you decide to continue the project because you feel that the project has merit?

• A) optimization
• B) intuitive
• C) rational
• D) satisficing
• E) bounded rationality

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Definitions:

Emotional Intelligence

The ability to recognize, understand, and manage one's own emotions as well as the emotions of others.

Practical Intelligence

The ability to solve everyday problems through the use of experiential knowledge and skills.

Linguistic Intelligence

The ability to understand, learn, and apply language effectively.

Crystallized Intelligence

The ability to use learned knowledge and experience, which typically increases or remains stable with age.