The rules of thumb that many managers to simplify their decision$-$making are known as:

A$.$ Cognitive biases

B$.$ Heuristics

C$.$ Groupthink

D$.$ Intuition

E$.$ Rational decisions

Which of the following is likely to make the most programmed decisions?

A$.$ the bank teller at Wells Fargo

B$.$ the vice president of General Motors Cadillac Division

C$.$ the head of the Minute Maid Division at Coca$-$Cola

D$.$ the CEO of PepsiCo

$($E$.)$ A and D only

In decision making, the manager uses current facts, data, and information to analyze different alternatives and make a decision.

A$.$ Programmed

B$.$ Emotional

C$.$ Intuitive

D$.$ Rational

E$.$ All of the above

Systematic decision making process is a step$-$wise approach to make

A$.$ Non$-$programmed, rational decisions,

B$.$ Programmed, rational

C$.$ Non$-$programmed, intuitive

D$.$ Programed, intuitive

E$.$ Rational, intuitive

When you make an offer on a house around the listing price of the house, you are most likely succumbing to:

A$.$ Framing error

B$.$ Escalation of commitment

C$.$ Anchoring and adjustment

D$.$ Confirmation

E$.$ None of the above