quiz 2

this pertains to the use of "gut feeling" to arrive at a decision

• Attribution style

• Over confidence

• Use of institution in decision making

Answer explanation

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This refers to the entrepreneurs' self-serving bias.

• Attribution style

• Knowing style

• Creative style

This refers to the tendency of the entrepreneurs' to think that they know more than what they really know when they make the decision.

• Over confidence

• RATIONAL/SCIENTIFIC METHOD IN DECISION-MAKING

• USE OF INTUITION IN DECISION-MAKING

Entrepreneurs think creatively and see opportunities where others see challenges.

• CREATIVE STYLE

• OVER-CONFIDENCE

• AFFECT INFUSION

This understood as an “afterthought in decision-making”

• CREATIVE STYLE

• KNOWING STYLE

• COUNTERFACTUAL THINKING

This suggests that entrepreneurs’ current moods influence judgements or decisions by influencing the ease with which information consistent with positive or negative moods can be brought to mind.

• AFFECT INFUSION

• KNOWING STYLE

• COUNTERFACTUAL THINKING

This involves the use of the standard six-step process

• RATIONAL/SCIENTIFIC METHOD IN DECISION-MAKING

• USE OF INTUITION IN DECISION-MAKING

• ATTRIBUTION STYLE

pick 3 answer that are part of the steps of standard process

• IDENTIFY THE PROBLEM

• GATHER DATA

• ANALYZE DATA

• ATTRIBUTION STYLE

• AFFECT INFUSION