This quiz works best with JavaScript enabled. Home > Economics > Decision > Management > Decision Making – Quiz 7 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Decision Making Quiz 7 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. A good decision is a ..... decision. A) Universal (one that everyone would make in that situation). B) Success. C) Bad. D) Responsible. Show Answer Correct Answer: D) Responsible. 2. Which of the following is NOT an emotional block which hinders decision making? A) Activation. B) Fear of success. C) Stagnation. D) Fear of failure. Show Answer Correct Answer: A) Activation. 3. After identifying interests, skills, and abilities, it is necessary to: A) Share them with an employer. B) Match them with friends' results. C) Match them to possible careers. D) Do nothing. Show Answer Correct Answer: C) Match them to possible careers. 4. An impulse decision is likely to be a result of? A) Considering all possible consequences. B) Thoughtless action. C) Related decisions. D) Studying a problem closely. Show Answer Correct Answer: B) Thoughtless action. 5. All of the following are qualitative tools in decision making techniques except A) Simulation. B) Personal Judgment. C) T-chart. D) Brainstorming. Show Answer Correct Answer: A) Simulation. 6. ..... is the process of suggestion as many choices as possible without any evaluation. A) Risk. B) Problem. C) Brainstorming. D) Synergy. Show Answer Correct Answer: C) Brainstorming. 7. Which are the 3 stages of crisis management? A) Preparation, containment, reconstruction. B) Prevention, preparation and containment. C) Prevention, interrogation and containment. D) Preparation, containment, resolution. Show Answer Correct Answer: B) Prevention, preparation and containment. 8. Every decision starts with A) Thinking through all your options. B) Creating a practical, doable plan. C) Identifying your short-and long-term goals. D) Clarifying the details of your situation. Show Answer Correct Answer: C) Identifying your short-and long-term goals. 9. A stakeholder is any individual or organisation who has: A) A shareholding in a business. B) A vested interest in activities and decision-making of a business. C) A commercial relationship with a business. D) Bought from a business. Show Answer Correct Answer: B) A vested interest in activities and decision-making of a business. 10. Choosing the right action. A) Ethics. B) Values. C) Character. D) Role Model. Show Answer Correct Answer: A) Ethics. 11. All the knowledge & information you have at your disposal when making a decision. A) People. B) Steps. C) Plans. D) Resources. Show Answer Correct Answer: D) Resources. 12. How else does making goals help? A) It helps to give you purpose and direction in life. B) It helps you learn how to use your time wisely. C) It can make money magically appear for your needs and wants. D) So you never have to spend money again. Show Answer Correct Answer: A) It helps to give you purpose and direction in life. 13. What are the positives and negatives to the solution, potential outcomes, which step is this considered. A) Step 3. B) Step 2. C) Step 1. D) Step 4. Show Answer Correct Answer: D) Step 4. 14. Decision-making strategy in which you avoid a decision A) Escape. B) Compliance. C) Play it Safe. D) None of above. Show Answer Correct Answer: A) Escape. 15. Which of these is a disadvantage of democratic management? A) Decision-making likely to be slower. B) Employees are more loyal to the business. C) Staff are motivated through involvement. D) Employees get closer to customers. Show Answer Correct Answer: A) Decision-making likely to be slower. 16. When identifying a career that you would find most satisfying you should: A) Evaluate existing resources. B) Gather information. C) Evaluate your wants and needs. D) All of the above. Show Answer Correct Answer: D) All of the above. 17. Non programmed decisions are likely to be made by A) Supervisory management. B) Top management. C) Middle management. D) Lower management. Show Answer Correct Answer: B) Top management. 18. What is the first step in the rational decision-making model? A) Identify the decision criteria. B) Choose options. C) Define the problem. D) Discuss what to do. Show Answer Correct Answer: C) Define the problem. 19. A decision for repetive or routine problem for which the responses have been already made is called A) Non programmed decision. B) Programmed decision. C) Professional decision. D) Strategic decision. Show Answer Correct Answer: B) Programmed decision. 20. Which is the third step in the problem solving process? A) Develop alternatives. B) Identify decision criteria. C) Implement decisions. D) Define problem. Show Answer Correct Answer: A) Develop alternatives. 21. Changing colleges is referred to as A) Reconsidering. B) Transferring. C) Decision making. D) Freewriting. Show Answer Correct Answer: B) Transferring. 22. The best decisions from a ..... perspective are those that produce the greatest good for the greatest number of people A) Rights. B) Utilitarianism. C) Justice. D) Privilege. Show Answer Correct Answer: B) Utilitarianism. 23. Who would usually make strategic decisions within an organisation? A) Shift Supervisor. B) Middle Management. C) The Janitor. D) CEO or Managing Director. Show Answer Correct Answer: D) CEO or Managing Director. 24. In the decision-making process, a trade-off is: A) Giving up one thing in return for another. B) An impulse decision. C) A three-step-process. D) A group of alternatives. Show Answer Correct Answer: A) Giving up one thing in return for another. 25. A senior manager in a business presents his ideas to subordinates and invites questions. How would this leadership style be categorised using the Tannenbaum Schmidt Continuum? A) Sell. B) Delegate. C) Tell. D) Consult. Show Answer Correct Answer: A) Sell. 26. This decision making value has to do with the maintenance of human health A) Health. B) Educational. C) Social/cultural. D) Economic. Show Answer Correct Answer: A) Health. 27. What does the famous Arab poem mentioned in the chapter state? A) What is brought by the wind will be carried away by the wind. B) O, wind, if winter comes, can spring be far behind?. C) We are no more than candles burning in the wind. D) Winds do not always provide what ships need. Show Answer Correct Answer: D) Winds do not always provide what ships need. 28. This decision making value has to do with what is beautiful or pleasing A) Social. B) Economic. C) Aesthetic. D) Environmental. Show Answer Correct Answer: C) Aesthetic. 29. Of the following, it is most important for your financial goals to be ..... A) Long-term. B) Varied. C) Achievable. D) Demanding. Show Answer Correct Answer: C) Achievable. 30. What do circles represent on a decision tree? A) Uncertain outcomes. B) Expected returns. C) Opportunity costs. D) Probabilities. Show Answer Correct Answer: A) Uncertain outcomes. ← 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 8Decision Making Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books