Understanding Decision Making and Cognitive Biases

1.System 1 thinking ....a.argues that people are always rationale during the process of decision makingb.suggestsspecific rules and procedures that must be strictly followed during decisionmakingc.embracesthe concept of intuition during decision makingd.is about careful comparison among alternatives and relies on explicit information2.A manager who makes decisions based on ‘gut feelings’, uses _______ a.rational decision-making. b.non-rational decision-making. c.structured decision-making. d.systematic decision-making. 3. People often believe that most attractive people are also smarter. This judgmental bias is called:a. Selective perception b. Halo effect c. Presentation effect d. Memory effect 4. According to the Cynefin model of complexity, which of the following situations is a complicated situation? a. managing fake news on social media b. Crisis management in an earthquake emergency situation c. diagnosing a technical fault in a system d. A customer misses loan repayment 5. which oneis a subtype of Impression Effect?a.Hallo effectb.Primacy Effectc.Recency Effectd.All of them6. Golden Circle concept by Simon Sinek is relevant to: a.Framing Effectb.Presentation Effectc.Categorisation Effectd.None

7. According to Golden Circle, which one is the best sequence for presenting info to audience?a.What-Why-Howb.What-How-Whyc.Why-How-Whatd.Why-What-How8. According to ‘availability bias’, you are lucky if:a.You and your boss are in the same officeb.Your office is next door to your boss’s officec.Your office is far from your boss’s offic