This quiz works best with JavaScript enabled. Home > Decision > Management > Decision Making – Quiz 14 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Decision Making Quiz 14 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What is the second step? A) Evaluate choices. B) Identify choices. C) Review your decision. D) Choose one. Show Answer Correct Answer: B) Identify choices. 2. Thoughtful decisions are ..... A) Easy everyday decisions that won't impact you future. B) Important as they impact your future in great ways. C) Decisions which affect your health. D) None of the above. Show Answer Correct Answer: B) Important as they impact your future in great ways. 3. Which term refers to judging someone on the basis of one's perception of the group to which that person belongs. A) Discrimination. B) Selective perception. C) Stereotyping. D) Representative Bias. Show Answer Correct Answer: C) Stereotyping. 4. In a decision tree, the financial value of an outcome (calculated by multiplying the estimated financial effect by its probability) is known as the: A) Net gain. B) Expected value. C) Net profit. D) Expected profit. Show Answer Correct Answer: B) Expected value. 5. We can categorize decisions in three different ways A) Healthy. B) Impulsive. C) Thoughtful. D) All of the above. Show Answer Correct Answer: D) All of the above. 6. Qualities that make an individual unique A) Work environments. B) Personal characteristics. C) Personal orientation. D) Mechanical orientation. Show Answer Correct Answer: B) Personal characteristics. 7. Which four major ways only the leader makes the decision A) Consensual. B) Democratic. C) Autocratic. D) Laissez-faire. Show Answer Correct Answer: C) Autocratic. 8. Becoming president of the US is an example of a(n) ..... A) Long term goal. B) Trade off. C) Attitude. D) Priority. Show Answer Correct Answer: A) Long term goal. 9. (U1C4L1:Q1)If you have a decision to make or problem to solve, which of the following should you do before comparing alternatives? A) Make a plan. B) Develop solutions or courses of action. C) Outline how to carry out your decision. D) None of above. Show Answer Correct Answer: B) Develop solutions or courses of action. 10. When are we more likely to use System 1 thinking? A) When we have practiced something a lot. B) When we have too much information to process. C) When the problem is highly abstract. D) When we need to transfer information from one situation to another. Show Answer Correct Answer: B) When we have too much information to process. 11. Decisions can be-and often should be: A) Updated. B) Permanent. C) Reviewed or Changed. D) Both a & c. Show Answer Correct Answer: D) Both a & c. 12. What is the NMI used for? A) NMI is the amount of your variable expenses. B) It is the amount of income used to determine your monthly spending budget. C) It determines your fixed expenses. D) NMI is your discretionary allowance. Show Answer Correct Answer: B) It is the amount of income used to determine your monthly spending budget. 13. Why is problem recognition important during decision making? A) Problem recognition will satisfy the need. B) Because finding the problem help makes the decision. C) I don't know. D) None of above. Show Answer Correct Answer: B) Because finding the problem help makes the decision. 14. Which of these statements best describes what is meant by delegation? A) Management feedback to directors. B) Authority is passed down the hierarchy. C) Employees & management work together rather than for each other. D) Tasks are carried out by senior rather than junior management. Show Answer Correct Answer: B) Authority is passed down the hierarchy. 15. How many steps is the framework model for making effective decisions that we talked about in class? A) 5 steps. B) 6 steps. C) 7 steps. D) None of above. Show Answer Correct Answer: C) 7 steps. 16. As with managerial functions, the concluding action in the decision-making process is to ..... it. A) Staff. B) Plan. C) Control. D) Lead. Show Answer Correct Answer: C) Control. 17. Which kind of decision may a long time to make, may be difficult to make, and may affect you for the rest of your life? A) Everyday decision. B) Life changing decision. C) Decision that becomes a habit. D) Decision with long term effects. Show Answer Correct Answer: B) Life changing decision. 18. If a rooster lays a egg on a slanted roof which side will it fall? A) Down. B) Up. C) Left. D) There is no egg. Show Answer Correct Answer: D) There is no egg. 19. The second step of decision making is A) List your options. B) Outline the consequences. C) Identify the problem. D) Make the decision. Show Answer Correct Answer: A) List your options. 20. Selecting among alternatives is the process of A) Transferring. B) Rethinking. C) Decision-making. D) Problem-solving. Show Answer Correct Answer: C) Decision-making. ← PreviousNext →Related QuizzesDecision QuizzesDecision Making Quiz 1Decision Making Quiz 2Decision Making Quiz 3Decision Making Quiz 4Decision Making Quiz 5Decision Making Quiz 6Decision Making Quiz 7Decision Making Quiz 8Decision Making Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books