This quiz works best with JavaScript enabled. Home > Economics > Decision > Management > Decision Making – Quiz 2 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Decision Making Quiz 2 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Step process leading to the selection of a course of action among several alternatives A) Verdict. B) Decision Making Process. C) Decision. D) Planning Process. Show Answer Correct Answer: B) Decision Making Process. 2. An unwillingness to give up something now in return for something later. A) Agony. B) Delayed Gratification. C) Instant Gratification. D) None of above. Show Answer Correct Answer: C) Instant Gratification. 3. Which of these is NOT an example of a need? A) Water. B) Cell phone. C) Shelter. D) Food. Show Answer Correct Answer: B) Cell phone. 4. Allison would like to bake a cake but realized she is out of milk. Which of the following stages of the consumer decision making process is this an example of? A) Information searching. B) Need identification. C) Alternative evaluation. D) Purchase decision. Show Answer Correct Answer: B) Need identification. 5. A good example of impulsive decision-making is purchasing a car: A) Based on consumer reviews. B) After thinking for one year. C) Without adequately finding alternatives. D) Based on a friend's opinion. Show Answer Correct Answer: C) Without adequately finding alternatives. 6. An attainable goal is one that can be ..... A) Realistically reached. B) Evaluated. C) Measured. D) None of above. Show Answer Correct Answer: A) Realistically reached. 7. Decision making is simply described as which of the following A) Putting preferences on paper. B) Choosing among alternatives. C) Processing informafor completion. D) Deciding what is correct. Show Answer Correct Answer: B) Choosing among alternatives. 8. Kelly needs to buy a car. She stops at a dealership and immediately spots a nice red car. "That's my new car!" she shouts. What type of decision did Kelly make? A) Default decision. B) Resistance decision. C) Planned decision. D) Impulse decision. Show Answer Correct Answer: D) Impulse decision. 9. The Johnstons family hair company operating profits have been decreasing for years and finally they found out it's because of Low revenues.What was first step they took before making their decision? A) Search process. B) Problem recognition. C) Selection stage. D) Problem solving. Show Answer Correct Answer: B) Problem recognition. 10. The limbic system in the brain controls your A) Vision. B) Balance. C) Thoughts. D) Emotions. Show Answer Correct Answer: D) Emotions. 11. Which of the following is considered most important as ranked by top managers? A) Planning. B) Controlling. C) Leading. D) Organising. Show Answer Correct Answer: A) Planning. 12. Which of the following NOT a part of critical thinking? A) Consider logical connections between ideas. B) Delay making a decision. C) Identify relevance. D) Consider every possible option. Show Answer Correct Answer: B) Delay making a decision. 13. The process by which individuals organize and interpret their sensory impressions in order to give meaning to their environment is called? A) Perception. B) Sensation. C) Consciousness. D) Attribution. Show Answer Correct Answer: A) Perception. 14. The state of being happy, healthy and prosperous is your A) Wants. B) Value. C) Well-being. D) Needs. Show Answer Correct Answer: C) Well-being. 15. Which are parts of communication? A) Sender. B) Reciever. C) The Message. D) All of these. Show Answer Correct Answer: D) All of these. 16. Paul made taking care of his younger brother a(n) ..... and rescheduled spending time with friends so he could play ball with him. A) Trade-off. B) Attitude. C) Priority. D) Proactive. Show Answer Correct Answer: C) Priority. 17. A downside of using decision trees in business decision-making is that: A) Assignment of expected values & probabilities is prone to bias. B) Decision trees are hard to calculate. C) A decision tree takes no account of risk. D) Decision tree ignores the cost of the decision. Show Answer Correct Answer: A) Assignment of expected values & probabilities is prone to bias. 18. What is it call when you put things or decisions in order things from first to last or from most important to least important. A) Prioritize. B) Procrastinate. C) Trade-Off. D) Management. Show Answer Correct Answer: A) Prioritize. 19. Spending money on items that are seen as trendy or expensive can project a certain image but ..... A) Can break your budget. B) Can make people jealous. C) Can lead to unwanted debt. D) Is always a bad idea. Show Answer Correct Answer: C) Can lead to unwanted debt. 20. Eustress is what kind of stress? A) Positive. B) Offensive. C) Negative. D) Neutral. Show Answer Correct Answer: A) Positive. 21. When you make choices that are true to your ethical and core values. A) Values. B) Character. C) Integrity. D) Decision. Show Answer Correct Answer: C) Integrity. 22. If you are having trouble making up your mind, you can always A) Carry out a random decision anyways. B) Ignore your gut feeling. C) Ask for advice. D) Determine your short-and long-term goals. Show Answer Correct Answer: D) Determine your short-and long-term goals. 23. Once you know what your choices are, you need to find out as much as you can about each option so you can make A) An informed decision. B) The right decision. C) Any decision. D) A good decision. Show Answer Correct Answer: A) An informed decision. 24. A student who is trying to decide which career to choose is making which kind of decision? A) Routine. B) Regular. C) Minor. D) Major. Show Answer Correct Answer: D) Major. 25. Which of the following is planned by middle managers? A) Mission statement. B) Strategic goals and plans. C) Tactical goals and plans. D) Operational goals and plan. Show Answer Correct Answer: C) Tactical goals and plans. 26. When you make a decision, you have to "give up" other options. This is called: A) Compromise. B) Trade-off. C) Switching. D) Unfair. Show Answer Correct Answer: B) Trade-off. 27. Decision-making strategy in which you hand over control or let someone else decide A) Trade-Off. B) Compliance. C) Escape. D) None of above. Show Answer Correct Answer: B) Compliance. 28. Decision-making strategy in which you consider every detail of every option over and over again A) Delayed Gratification. B) Play it Safe. C) Agony. D) None of above. Show Answer Correct Answer: C) Agony. 29. Why is group decision a disadvantage? A) Ambiguous responsibility. B) Group quarrels and conflicts might occur. C) Some of the group members might not take it seriously. D) All of the above. Show Answer Correct Answer: A) Ambiguous responsibility. 30. Your ..... ..... should always support your ..... ..... A) Good decisions, prime goals. B) Good decisions, realistic goals. C) Prime decisions, prime goals. D) Prime decisions, realistic goals. Show Answer Correct Answer: C) Prime decisions, prime goals. ← PreviousNext →Related QuizzesDecision QuizzesEconomics QuizzesDecision Making Quiz 1Decision 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