Decision Making Quiz 17 (20 MCQs)

Quiz Instructions

Select an option to see the correct answer instantly.

1. What is something with an element of danger that might cause harm?

Correct Answer: A) Risk.

2. When a person acts on a decision, there are always:

Correct Answer: C) Consequences.

3. Consequence

Correct Answer: A) Theresult or outcome of an action or event.

4. (U1C4L1:Q5) ..... goals are ones you want to achieve in one to five years.

Correct Answer: B) Intermediate.

5. What lies behind every major failure?

Correct Answer: B) A failed decision.

6. Purchase of raw materials comes under which kind of decision

Correct Answer: A) Programmed decision.

7. Which theory of memory could be used to explain peak-end rule?

Correct Answer: A) Recency effect.

8. What is the act of making a choice or coming to a solution?

Correct Answer: C) Decision.

9. Decision-making is the process of

Correct Answer: C) Choosing from various alternatives.

10. The internet, magazines, T.V., music, newspapers, movies, videos games etc. are all considered:

Correct Answer: D) Media influences.

11. After making a decision, you should .....

Correct Answer: C) Reflect on the decision.

12. Banks and other providers of debt finance are most likely to be interested in:

Correct Answer: B) The profitability and liquidity of a business.

13. Usually the best decisions include using?

Correct Answer: C) Both intuition and reasoning.

14. Which of these is a feature of scientific decision-making?

Correct Answer: D) It Is mainly based on data.

15. To enhance our ethical priorities, using of the classic list of pros or cons when making a decision is example of:

Correct Answer: B) Rating each pro and con on a scale from 1 to 10.

16. Which of the following is a 'Strategic' decision?

Correct Answer: C) Open 5 new stores across the UK over the next 2 years.

17. Which is NOT one of the 5 points to incorporate during decision making?

Correct Answer: D) Democratic.

18. Which part of the HELP acronym asks the question, Does it show respect for yourself or others?

Correct Answer: B) E.

19. When making the decision, you should consider your .....

Correct Answer: A) Values.

20. An advantage of using decision trees in decision-making is:

Correct Answer: D) Choices are set out in a logical way.