1. You are the New Product manager of a shoe manufacturing company, and for the upcoming month, you are trying to see if you should launch a new product. The data collected from the previous manager shows that a new product line would be profitable and your team agrees. But you tell your team to collect data specifically against launching a new product. What individual Bias are you trying to avoid?

a. Representativeness

b. Confirmation Bias

c. Anchoring

d. Escalation of Commitment

e. Availability

2. Which of the following would NOT reduce the likelihood or the effects of Groupthink?

a. Coordinate team building/bonding activities

b. Assign a devil's advocate

c. Hold second chance meetings

d. Create subgroups within the larger group

e. Utilize nominal group

3. You are at a carnival with your friends. You all visit a card game station in which the host presents you with four cards that are faced up: one dog, one lizard, the letter O, and the letter N. The host tells you that every card with a reptile on it should have a vowel on the other side.

Which are the minimum cards you need to turn over to prove this hypothesis?

a. Lizard, Dog, Letter N, and Letter O cards

b. All of the cards

c. Lizard, Letter N, Letter O cards

d. Lizard and Dog cards

e. Lizard and the letter O cards

f. Lizard and the letter N cards

4. Which of the following scenarios is NOT the correct way to measure employee engagement?

a. Dan completes an exit interview where he gives feedback about his experience at the company.

b. Becky measures how successful the marketing team is by calculating the profit they have attained.

c. Ellen participates greatly by giving inputs during meetings and always making 1-1 coffee chats with her coworkers.

d. Abby fills out a survey about the company culture and how they can work to increase the number of target customers.

e. Carl shows great enthusiasm and his heart rate increases whenever he is working on an exciting project.

5. Company A invested $100,000 in a project that is not resulting in any profits, is proven to cause the company to lose money, and will not make any money in the future. The manager of the project does not believe this data, and wants to turn the project around, so he/she continues to invest $200,000 more into the project. What type of bias is this scenario an example of?

a. Confirmation Bias

b. Escalation of Commitment

c. Representativeness Bias

d. Groupthink

e. Employee Engagement