This quiz works best with JavaScript enabled. Home > Economics > Decision > Management > Decision Making – Quiz 11 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Decision Making Quiz 11 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Who would usually make organisational decisions? A) Chairman. B) Lower Management. C) Middle Management. D) None of above. Show Answer Correct Answer: B) Lower Management. 2. Dulce was accepted to a biology program with a rigorous schedule and a high tuition, but good professors. What would be a benefit in this situation? A) The rigorous schedule. B) The stressful workload. C) The good professors. D) The high tuition. Show Answer Correct Answer: C) The good professors. 3. Procrastination is a decision-making strategy in which a person does which of the following? A) Delay making a decision. B) Let someone else make the decision. C) Consider every possible option. D) Pick the option with the lowest level of risk. Show Answer Correct Answer: A) Delay making a decision. 4. The process of making a choice or solving a problem. A) Experience. B) Decision Making. C) Values. D) Integrity. Show Answer Correct Answer: B) Decision Making. 5. Joshua has set the goal of achieving all "A" s during this year of school. Which term best describes this goal? A) Self-goal. B) Inner goal. C) Long-term goal. D) Short-term goal. Show Answer Correct Answer: D) Short-term goal. 6. How many steps are there in the (Financial Decision-Making Process) A) 4. B) 3. C) 6. D) 5. Show Answer Correct Answer: C) 6. 7. Some months have 31 days. How many have 28? A) None. B) 1. C) 11. D) 12. Show Answer Correct Answer: D) 12. 8. When reading a magazine, Lisa pays attention to some ads but ignores the others. Which of the following types of selective perception is this an example of? A) Selective attention. B) Selective exposure. C) Selective comprehension. D) Selective hearing. Show Answer Correct Answer: A) Selective attention. 9. Which of the following is a disadvantage of buying a used car? A) Better financing. B) Higher insurance fee. C) Higher cost. D) Limited choice. Show Answer Correct Answer: D) Limited choice. 10. The value of the choice that could have been chosen, but was not. A) Trade-Off. B) Cost Benefit. C) Opportunity Cost. D) None of above. Show Answer Correct Answer: C) Opportunity Cost. 11. Match the Definition.One person makes the decision on the behalf of the group generally the person with the authority to do so. A) Laissez-faire. B) Autocratic. C) Consensual. D) Democratic. Show Answer Correct Answer: B) Autocratic. 12. Which war is spoken abouas the time of missile attacks and air raids? A) The Great Peasants' War (1524-1525). B) World War I (1914-1918). C) The Gulf War (1991). D) The Winter War (1939-1940). Show Answer Correct Answer: C) The Gulf War (1991). 13. What is something with an element of danger that might cause harm? A) Hazard. B) Problem. C) Opinion. D) Risk. Show Answer Correct Answer: D) Risk. 14. When a person acts on a decision, there are always: A) Schedules. B) Consequences. C) . products. D) Evaluations. Show Answer Correct Answer: B) Consequences. 15. (U1C4L1:Q5) ..... goals are ones you want to achieve in one to five years. A) Short-term. B) Intermediate. C) Long-term. D) None of above. Show Answer Correct Answer: B) Intermediate. 16. What lies behind every major failure? A) A failed perception. B) A failed hypothesis. C) A failed decision. D) A failed thought. Show Answer Correct Answer: C) A failed decision. 17. Purchase of raw materials comes under which kind of decision A) Strategic decision. B) Organisational decision. C) Programmed decision. D) Non programmed decision. Show Answer Correct Answer: C) Programmed decision. 18. Which theory of memory could be used to explain peak-end rule? A) Recency effect. B) False memory syndrome. C) Flashbulb memory theory. D) False memory syndrome. Show Answer Correct Answer: A) Recency effect. 19. What is the act of making a choice or coming to a solution? A) Goal. B) Choice. C) Decision. D) Option. Show Answer Correct Answer: C) Decision. 20. Decision-making is the process of A) Thinking critically. B) Working backward. C) Choosing from various alternatives. D) Using analogies. Show Answer Correct Answer: C) Choosing from various alternatives. 21. The internet, magazines, T.V., music, newspapers, movies, videos games etc. are all considered: A) Internal influences. B) Sibling influences. C) Media influences. D) External influences. Show Answer Correct Answer: C) Media influences. 22. After making a decision, you should ..... A) Identify the problem. B) Reflect on the decision. C) Change it. D) Celebrate. Show Answer Correct Answer: B) Reflect on the decision. 23. Banks and other providers of debt finance are most likely to be interested in: A) The customer service levels of a business. B) The profitability and liquidity of a business. C) The business' reputation for product quality. D) Working conditions in the business. Show Answer Correct Answer: B) The profitability and liquidity of a business. 24. Usually the best decisions include using? A) Intuition. B) Reasoning. C) Both intuition and reasoning. D) None of above. Show Answer Correct Answer: C) Both intuition and reasoning. 25. Which of these is a feature of scientific decision-making? A) It is only suitable for decisions involving substantial risk. B) Involves all relevant members of management. C) It guarantees the right decision. D) It Is mainly based on data. Show Answer Correct Answer: D) It Is mainly based on data. 26. To enhance our ethical priorities, using of the classic list of pros or cons when making a decision is example of: A) Rating the pros only on a scale from 1 to 10. B) Rating each pro and con on a scale from 1 to 10. C) Ask others about their opinions on our pros and cons. D) None of above. Show Answer Correct Answer: B) Rating each pro and con on a scale from 1 to 10. 27. Which of the following is a 'Strategic' decision? A) Increase price of plastic bags to 20p across. B) Open 5 new stores across the UK over the next 2 years. C) Hire new supervisor for Paisley store. D) Arrange for uplifting of bins. Show Answer Correct Answer: B) Open 5 new stores across the UK over the next 2 years. 28. Which is NOT one of the 5 points to incorporate during decision making? A) Search process. B) Problem recognition. C) Democratic. D) Selection stage. Show Answer Correct Answer: C) Democratic. 29. Which part of the HELP acronym asks the question, Does it show respect for yourself or others? A) E. B) H. C) P. D) L. Show Answer Correct Answer: A) E. 30. When making the decision, you should consider your ..... A) Problem. B) Values. C) Mother. D) Decision. Show Answer Correct Answer: B) Values. ← PreviousNext →Related QuizzesDecision QuizzesEconomics QuizzesDecision Making Quiz 1Decision Making Quiz 2Decision Making Quiz 3Decision Making Quiz 4Decision Making Quiz 5Decision Making Quiz 6Decision Making Quiz 7Decision Making Quiz 8 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books