Question

In: Operations Management

Drake is a department manager in a company which has recently decided to hire a new...

  1. Drake is a department manager in a company which has recently decided to hire a new analyst. After interviewing all candidates, Drake recommended the company hire Anne, but senior management preferred to hire Beth. Drake argued that Beth is an inferior choice, but agreed to accept her for a trial period of six months. At the end of the trial period, Drake evaluated Beth’s performance as poor. Although this evaluation may have been fair, it is also possible that it was biased by:
  2. When are we the most likely to over place our performance relative to others?
  3. The human mind is better at remembering information that is?
  4. An example of bounded awareness in negotiations is when negotiators:
  5. A publisher wants to bid for the rights to publish a celebrity’s memoir. The publisher would be better off to:
  6. The most critical barrier to a creative decision is:
  7. Daniel and Jeremy are brothers. They have found out in advance about what their parents are giving them for Christmas, and have agreed to exchange each other’s gifts. When should the exchange be made, in order for the two brothers to be the most satisfied with it?
  8. A drug company has developed a vaccine that protects against Hepatitis C and Hepatitis B, but not against Hepatitis A. Which of the following is the recommended way to present this new pill?

Solutions

Expert Solution

1.   Although this evaluation may have been fair, it is also possible that it was biased by: the confirmation trap

2. When are we the most likely to over place our performance relative to others? When we are working on an easy task.

3.  The human mind is better at remembering information that is? Interesting, emotionally arousing and recently acquired.

4. An example of bounded awareness in negotiations is when negotiators: Fail to consider the impact of their decisions on others outside the negotiation

5. A publisher wants to bid for the rights to publish a celebrity’s memoir. The publisher would be better off to: Bid lower than what they think the book is worth, to avoid the winner's curse.

6. The most critical barrier to a creative decision is: A narrow definition of the problem space.

7. When should the exchange be made, in order for the two brothers to be the most satisfied with it? Before opening the presents.

8. A drug company has developed a vaccine that protects against Hepatitis C and Hepatitis B, but not against Hepatitis A. Which of the following is the recommended way to present this new pill? Full protection against Hepatitis B and Hepatitis C.

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