This quiz works best with JavaScript enabled. Home > Economics > Decision > Management > Decision Making – Quiz 1 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Decision Making Quiz 1 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Using the facts and figures in front of you to make decisions is known as? A) Reasoning. B) Intuition. C) Critical thinking. D) None of above. Show Answer Correct Answer: A) Reasoning. 2. A Goal should be ..... A) Short. B) Important to you. C) Important to your friends. D) Important to your kids. Show Answer Correct Answer: B) Important to you. 3. What does His Highness say about risks in his life? A) We nee dot avoid taking decisions as much as possible. B) Lower the risks, the easier th decision. C) The implementation of plans lead to greater risks. D) Higher the risks, the greater th reward. Show Answer Correct Answer: D) Higher the risks, the greater th reward. 4. Which step of the Decision Making Process is the following:Your personal resources are who you are and what you have to offer an employer. A) Define your needs and wants. B) Analyze your personal resources. C) Identify your career choices. D) Research your career choices. Show Answer Correct Answer: B) Analyze your personal resources. 5. What will short-term and intermediate goals help you achieve? A) Money. B) Popularity. C) Long-term goals. D) None of above. Show Answer Correct Answer: C) Long-term goals. 6. The final step of decision-making A) Taking personal responsibility. B) Weigh the consequences. C) Deciding and acting. D) Evaluating your decision. Show Answer Correct Answer: D) Evaluating your decision. 7. Where can a car buyer find the value of a particular model? A) American Auto Association (AAA). B) Underwriter's Laboratories (UL). C) Better Business Bureau (BBB). D) Kelley Blue Book (KBB). Show Answer Correct Answer: D) Kelley Blue Book (KBB). 8. Decision-making strategy in which you go with your first reaction A) Escape. B) Impulse. C) Agony. D) None of above. Show Answer Correct Answer: B) Impulse. 9. Which is not part of the decision making process? A) Put a decision into action. B) Consider all the alternatives before you decide. C) Analyze the results of a decision. D) Postpone making the Decision. Show Answer Correct Answer: D) Postpone making the Decision. 10. Decision-making is focused on choosing among alternatives. What is problem-solving focused on? A) Following guidelines. B) Critical thinking. C) Creating solutions. D) Generating alternatives. Show Answer Correct Answer: D) Generating alternatives. 11. Something you desire but is not necessary that has an influence on your decision making? A) Need. B) Career. C) Plan. D) Want. Show Answer Correct Answer: D) Want. 12. The first step in the decision-making process is to: A) Gather and examine information. B) List your resources and think about alternatives. C) Identify the decision to be made or the problem to be solved. D) Evaluate the consequences. Show Answer Correct Answer: C) Identify the decision to be made or the problem to be solved. 13. What are the decisions necessary to put policy decisions into action A) Routine decisions. B) Strategic decisions. C) Major decisions. D) Operating decisions. Show Answer Correct Answer: D) Operating decisions. 14. Problems are usually of the following type(s): A) Crisis problems. B) Routine problems. C) Problems of failing to take advantage of opportunities. D) All of the above. Show Answer Correct Answer: D) All of the above. 15. Which professional does not provide hands-on medical care? A) 911 operator. B) Emergency room nurse. C) Emergency medical technician. D) Firefighter. Show Answer Correct Answer: A) 911 operator. 16. What is the major driving force of any undertaking, according to His Highness? A) Sleep. B) Resilience. C) Hard work. D) Teamwork. Show Answer Correct Answer: D) Teamwork. 17. Which is an example of an everyday decision A) Considering whether or not you should buy a new computer. B) Deciding whether or not to have dessert. C) Choosing a car. D) Figuring out how to resolve a conflict with a friend. Show Answer Correct Answer: B) Deciding whether or not to have dessert. 18. The danger in setting your goals too low is that you may ..... A) Be tempted to give up on yourself. B) Never reach your full potential. C) Become lazy. D) None of above. Show Answer Correct Answer: B) Never reach your full potential. 19. Step 1 in the decision making process A) List your choices. B) Identify your problem. C) Make a choice. D) None of above. Show Answer Correct Answer: B) Identify your problem. 20. Which of the following is a 'Tactical' decision? A) Diversify product offering over the next 10 years. B) Decide on appropriate premises for new stores to be opened. C) Close stores in EU after Brexit. D) None of above. Show Answer Correct Answer: B) Decide on appropriate premises for new stores to be opened. 21. What is one type of influence that we DO NOT really have control over? A) Siblings. B) Peer influence. C) Heredity. D) Curiosity. Show Answer Correct Answer: C) Heredity. 22. Which one of the following is NOT a HUMAN resource you can use to make good decisions? A) Knowledge. B) Talents. C) Money. D) Energy. Show Answer Correct Answer: C) Money. 23. Which decisions can negatively impact a financial goal? A) Informed decisions. B) Critical-thinking decisions. C) Problem-solving decisions. D) Impulse decisions. Show Answer Correct Answer: D) Impulse decisions. 24. All of the following are considered as human element except A) Emotions. B) Peer Pressure. C) Prejudices. D) None of the above. Show Answer Correct Answer: D) None of the above. 25. Choose the word that best completes the sentence below. A ..... usually requires a lot of time and planning to accomplish. A) Mid-term goal. B) Goal. C) Long-term goal. D) Goal setting. Show Answer Correct Answer: C) Long-term goal. 26. Put the steps in the Decision Making Process in order. What is Step #1? A) Choose One. B) Evaluate Choices. C) Act on your Choice. D) Define the Problem. Show Answer Correct Answer: D) Define the Problem. 27. The beliefs that guide the way a person lives. A) Decision. B) Character. C) Values. D) Role Model. Show Answer Correct Answer: C) Values. 28. Things I can do regarding the problem. What step is this considered ..... A) Step 7. B) Step 3. C) Step 1. D) Step 4. Show Answer Correct Answer: B) Step 3. 29. What is an example of a long-term goal if you're in middle school now? A) Something that you can achieve in the near future. B) Passing your biology class with a B+ or better. C) Something that you would dream of accomplishing in the future. D) Getting into a great college program. Show Answer Correct Answer: D) Getting into a great college program. 30. This decision making value has to do with the maintenance of human communities and their values and traditions A) Educational. B) Social/cultural. C) Ethical/moral. D) Recreational. Show Answer Correct Answer: B) Social/cultural. Next →Related QuizzesDecision QuizzesEconomics QuizzesDecision 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