Author: Anonymous

Managers need to be cautious about biases that can encroach and therefore impact their decisions. Which one of the following biases results from believing certain outcomes because others believe the same?

Kreme Makeups, Inc., an SBU of Kreme Industries, offers a wide variety of makeup products and accessories for women. Although the market growth rate is high, the SBU’s current market share is low and it needs substantial investment. The parent company is trying to decide if Kreme Makeups has long-term sustainability before investing any more cash in it. In the context of the BCG matrix, this SBU of Kreme Industries would be classified as a ________.

Trendy Garb is a retail store that sells women’s apparel. The store has comprehensive rules, policies, and procedures for matters related to customer complaints and product returns. Hence, when faced with either of these situations, the store manager simply needs to refer to these guidelines and accordingly proceed. This is an example of ________.

Which one of the following is a guideline for handling performance appraisals?

According to McClelland, people who have the desire to do something better or more efficiently than it has ever been done before have a high need for ________.

Which one of the following statements best corresponds to the inventing step of the innovation process?

________ involves improving the firm’s ability to execute strategies and focuses on new processes instead of new products.

Alderfer’s relatedness needs relate to Maslow’s ________ needs.

________ is a conflict management technique where managers simply ignore the conflict.

Managers need to be cautious about biases that can encroach and therefore impact their decisions. Which one of the following biases results from believing certain outcomes because others believe the same?