MGT 295
Exam 2
Question 1 Which of the following is a focus of cultural tightness-looseness? Answer
A.
The tolerance that exists for any deviations from norms
B.
The ability to interpret the real message from what is being said
C.
The time when a new culture becomes the subject of one's criticism
D.
The superiority of home country values
E.
The first interaction with a new culture and the anxieties associated with it 2 points
Question 2 In high-uncertainty-avoidance cultures, one would expect to find a preference for ________. Answer
A. innovation B. openness to risk
C. ambiguity D. predictability E. openness to change 2 points
Question 3 In Dan Gilberts discussion on making good decisions, he suggested Bernuli's formula of Expected Value (EV) was equal to : Answer
Odds of Gain times Value of Gain (OD *VG)
Decision bias times Event Occurance (DB * EO)
Binary Value (BV) times Fuzzy Value (FV)
Present Value (PV) divided by Expected Gain (PV/EG) 2 points
Question 4 A confirmation error occurs when focusing only on information that is consistent with a decision already made. Answer True False
2 points
Question 5 Which of the following is true about a corporation? Answer
A.
It combines the advantages of the other forms—sole proprietorship, partnership, and limited liability corporation.
B.
For liability purposes, it functions as a partnership.
C.
Only a for-profit business can be registered as a corporation.
D.
It exists separately from its owners.
E.
For tax purposes, it functions as a partnership. 2 points
Question 6 Problem Seekers distinguish themselves from Problem Solvers due to their ability to be proactive in their behavior and seek opportunity before they arrive. Answer True False
2 points
Question 7 A classical decision model describes decision making within the constraints of
Question 1 Which of the following is a focus of cultural tightness-looseness? Answer
A.
The tolerance that exists for any deviations from norms
B.
The ability to interpret the real message from what is being said
C.
The time when a new culture becomes the subject of one's criticism
D.
The superiority of home country values
E.
The first interaction with a new culture and the anxieties associated with it 2 points
Question 2 In high-uncertainty-avoidance cultures, one would expect to find a preference for ________. Answer
A. innovation B. openness to risk
C. ambiguity D. predictability E. openness to change 2 points
Question 3 In Dan Gilberts discussion on making good decisions, he suggested Bernuli's formula of Expected Value (EV) was equal to : Answer
Odds of Gain times Value of Gain (OD *VG)
Decision bias times Event Occurance (DB * EO)
Binary Value (BV) times Fuzzy Value (FV)
Present Value (PV) divided by Expected Gain (PV/EG) 2 points
Question 4 A confirmation error occurs when focusing only on information that is consistent with a decision already made. Answer True False
2 points
Question 5 Which of the following is true about a corporation? Answer
A.
It combines the advantages of the other forms—sole proprietorship, partnership, and limited liability corporation.
B.
For liability purposes, it functions as a partnership.
C.
Only a for-profit business can be registered as a corporation.
D.
It exists separately from its owners.
E.
For tax purposes, it functions as a partnership. 2 points
Question 6 Problem Seekers distinguish themselves from Problem Solvers due to their ability to be proactive in their behavior and seek opportunity before they arrive. Answer True False
2 points
Question 7 A classical decision model describes decision making within the constraints of