This quiz works best with JavaScript enabled. Home > Decision > Management > Decision Making – Quiz 8 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Decision Making Quiz 8 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Values are ..... A) The way a person thinks, feels, and acts. B) Beliefs or things you find important. C) The same for everyone. D) The result of a decision. Show Answer Correct Answer: B) Beliefs or things you find important. 2. An example of a human resource is: A) Money. B) Clothes. C) Tools. D) Experience. Show Answer Correct Answer: D) Experience. 3. Decisions that are grouped according to the relationships between the decisions are? A) Central-satellite and chain. B) Chain and habitual. C) Rational and impulse. D) Impulse and habitual. Show Answer Correct Answer: A) Central-satellite and chain. 4. D step? A) Evaluate choices. B) Define the problem. C) Act on your choice. D) Choose one. Show Answer Correct Answer: A) Evaluate choices. 5. Like all mental disciplines, ..... ..... ..... requires following certain guidelines and principle. A) Thorough decision making. B) Smart decision making. C) Accurate decision making. D) Effective decision making. Show Answer Correct Answer: B) Smart decision making. 6. This decision making value has to do with the accumulation or sharing of knowledge A) Economic. B) Moral. C) Aesthetic. D) Educational. Show Answer Correct Answer: D) Educational. 7. What is the first step of making effective decisions according to the model? A) Weighing up the Risks Involved. B) Deciding on Values. C) Listing Possible Solutions/Options. D) None of above. Show Answer Correct Answer: C) Listing Possible Solutions/Options. 8. Giving up one thing such as buying a present for a friend and instead buying new shoes is an example of what. A) Ethics. B) Trade Off. C) Standards. D) None of above. Show Answer Correct Answer: B) Trade Off. 9. In which situation is an effective manager most likely to use a laissez-faire management style? A) Employees are highly-skilled and motivated. B) Employees are being made redundant. C) Employees and inexperienced and need greater training. D) Employees are threatening industrial action. Show Answer Correct Answer: A) Employees are highly-skilled and motivated. 10. A Goal should have ..... A) Pretty flowers. B) Big Words. C) A Timeline. D) Small words. Show Answer Correct Answer: C) A Timeline. 11. When making a decision what is the MOST important influence factor to consider? A) The feelings of others. B) Your Likes & Dislikes. C) Your Ethics & Values. D) Values & Ethics of others. Show Answer Correct Answer: C) Your Ethics & Values. 12. Which of the following does NOT affect when people make a purchase? A) Time pressure. B) Discount sales. C) Certain holidays. D) Store atmosphere. Show Answer Correct Answer: D) Store atmosphere. 13. (U1C4L1:Q2) ..... is the last step of the decision-making/problem-solving process. A) Weighing your options. B) Making your decision and taking action. C) Implementing the plan. D) None of above. Show Answer Correct Answer: C) Implementing the plan. 14. ..... is the process of taking corrective action in order to meet objectives. A) Problem solving. B) Synergy. C) Programmed decision. D) Non-programmed decision. Show Answer Correct Answer: A) Problem solving. 15. One of the most influential factors on teenager's decsions are: A) Their teachers. B) Their sports. C) Their homework. D) Their peers. Show Answer Correct Answer: D) Their peers. 16. According to which theory is it that when individuals observe behaviour, they attempt to determine whether it is internally or externally caused? A) Attribution theory. B) Selective perception theory. C) Bounded rationality theory. D) Utilitarianism theory. Show Answer Correct Answer: A) Attribution theory. 17. This decision making value has to do with understanding the natural world A) Aesthetic. B) Scientific. C) Recreational. D) Health. Show Answer Correct Answer: B) Scientific. 18. Which of these is the best description of the concept of "opportunity cost" ? A) The intangible cost of taking a decision. B) The variable cost of a decision. C) The cost of not taking a decision. D) The cost of missing out on the next best alternative. Show Answer Correct Answer: D) The cost of missing out on the next best alternative. 19. Which of the following is an 'Operational' decision? A) Sack the entire Marketing department. B) Refill water fountain in the staff room. C) Introduce a new line of products. D) None of above. Show Answer Correct Answer: B) Refill water fountain in the staff room. 20. What to wear in the morning is an example of a A) Major decision. B) Simple decision. C) Routine Decision. D) None of above. Show Answer Correct Answer: C) Routine Decision. ← 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 9Decision Making Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books