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:

Ethical Blind Spots

Areas or situations where individuals fail to recognize ethical issues or dilemmas, often due to cognitive biases.

Ethical Misconduct

Actions or behaviors by individuals or organizations that violate ethical norms or standards.

Conflicts of Interest

Situations where a person's private interests might interfere with their professional obligations or duties.

Whistle-blowing

The practice of disclosing any form of information or conduct considered unlawful, unethical, or improper inside an organization.