This quiz works best with JavaScript enabled. Home > Economics > Decision > Management > Decision Making – Quiz 9 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Decision Making Quiz 9 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which is an example of a long term goal A) Earning a black belt in tae Kwan do. B) Teaching your dog to sit. C) Alphabetizing your movie collection. D) Watching less tv. Show Answer Correct Answer: A) Earning a black belt in tae Kwan do. 2. Which part of the decision making process is where you decide if the decision was a good one or if you should change it next time ..... A) The Situation. B) Values. C) Outcomes. D) Evaluate. Show Answer Correct Answer: D) Evaluate. 3. Which of the following is a private resource? A) Health. B) Creativity. C) Income. D) Time. Show Answer Correct Answer: C) Income. 4. When deciding to make a choice among the alternatives, ..... is important so that the group members can produce better decision than that of the individual A) Decision. B) Risk. C) Ignorance. D) Synergy. Show Answer Correct Answer: D) Synergy. 5. What does it mean to prioritize your goals? A) Choose among multiple goals and complete the one that is the most important. B) Decide which goal would be the most fun to complete. C) List what you need to do to accomplish your goals. D) Ask your friends to help you achieve your goals. Show Answer Correct Answer: A) Choose among multiple goals and complete the one that is the most important. 6. What does it mean if you are proactive? A) You act in a positive manner. B) You are through in completeing a task. C) You act as soon as you know something needs to be done. D) You usually get your way. Show Answer Correct Answer: C) You act as soon as you know something needs to be done. 7. Which of the following is NOT a step in the decision making process? A) Defining the problem. B) Seeking help every time. C) Gathering information. D) Taking action. Show Answer Correct Answer: B) Seeking help every time. 8. What actually happen? How did it go? Did it Work? What step is this considered? A) Step 7. B) Step 1. C) Step 6. D) Step 2. Show Answer Correct Answer: A) Step 7. 9. Naomi has decided on several financial goals. What step would be LEAST likely to help her reach her priority goal? A) Carefully consider each choice and option. B) Do what feel right today. C) List the benefits and obstacles of each goal. D) Identify the goal she most wants to do. Show Answer Correct Answer: B) Do what feel right today. 10. (U1C4L1:Q7)If your long-term goal is to become a game programmer, an intermediate goal would include ..... A) Playing more games. B) Learning how to create videos. C) Learning a programming language. D) None of above. Show Answer Correct Answer: C) Learning a programming language. 11. Which of the following is a strategy for responsible decision making? A) Listing alternative decisions. B) Impulse decisions. C) Doing it on your own. D) Procrastination. Show Answer Correct Answer: A) Listing alternative decisions. 12. (U1C4L1:Q3)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. 13. What is the second step? A) Review your decision. B) Identify choices. C) Choose one. D) Evaluate choices. Show Answer Correct Answer: B) Identify choices. 14. Thoughtful decisions are ..... A) Easy everyday decisions that won't impact you future. B) Important as they impact your future in great ways. C) Decisions which affect your health. D) None of the above. Show Answer Correct Answer: B) Important as they impact your future in great ways. 15. Which term refers to judging someone on the basis of one's perception of the group to which that person belongs. A) Representative Bias. B) Selective perception. C) Discrimination. D) Stereotyping. Show Answer Correct Answer: D) Stereotyping. 16. In a decision tree, the financial value of an outcome (calculated by multiplying the estimated financial effect by its probability) is known as the: A) Expected profit. B) Expected value. C) Net gain. D) Net profit. Show Answer Correct Answer: B) Expected value. 17. We can categorize decisions in three different ways A) Healthy. B) Impulsive. C) Thoughtful. D) All of the above. Show Answer Correct Answer: D) All of the above. 18. Qualities that make an individual unique A) Personal characteristics. B) Mechanical orientation. C) Work environments. D) Personal orientation. Show Answer Correct Answer: A) Personal characteristics. 19. Which four major ways only the leader makes the decision A) Laissez-faire. B) Democratic. C) Consensual. D) Autocratic. Show Answer Correct Answer: D) Autocratic. 20. Becoming president of the US is an example of a(n) ..... A) Long term goal. B) Trade off. C) Priority. D) Attitude. Show Answer Correct Answer: A) Long term goal. 21. (U1C4L1:Q1)If you have a decision to make or problem to solve, which of the following should you do before comparing alternatives? A) Make a plan. B) Develop solutions or courses of action. C) Outline how to carry out your decision. D) None of above. Show Answer Correct Answer: B) Develop solutions or courses of action. 22. When are we more likely to use System 1 thinking? A) When we need to transfer information from one situation to another. B) When the problem is highly abstract. C) When we have practiced something a lot. D) When we have too much information to process. Show Answer Correct Answer: D) When we have too much information to process. 23. Decisions can be-and often should be: A) Updated. B) Permanent. C) Reviewed or Changed. D) Both a & c. Show Answer Correct Answer: D) Both a & c. 24. What is the NMI used for? A) NMI is the amount of your variable expenses. B) It is the amount of income used to determine your monthly spending budget. C) It determines your fixed expenses. D) NMI is your discretionary allowance. Show Answer Correct Answer: B) It is the amount of income used to determine your monthly spending budget. 25. Why is problem recognition important during decision making? A) Problem recognition will satisfy the need. B) Because finding the problem help makes the decision. C) I don't know. D) None of above. Show Answer Correct Answer: B) Because finding the problem help makes the decision. 26. Which of these statements best describes what is meant by delegation? A) Management feedback to directors. B) Tasks are carried out by senior rather than junior management. C) Employees & management work together rather than for each other. D) Authority is passed down the hierarchy. Show Answer Correct Answer: D) Authority is passed down the hierarchy. 27. How many steps is the framework model for making effective decisions that we talked about in class? A) 5 steps. B) 6 steps. C) 7 steps. D) None of above. Show Answer Correct Answer: C) 7 steps. 28. As with managerial functions, the concluding action in the decision-making process is to ..... it. A) Plan. B) Staff. C) Lead. D) Control. Show Answer Correct Answer: D) Control. 29. Which kind of decision may a long time to make, may be difficult to make, and may affect you for the rest of your life? A) Decision with long term effects. B) Decision that becomes a habit. C) Everyday decision. D) Life changing decision. Show Answer Correct Answer: D) Life changing decision. 30. If a rooster lays a egg on a slanted roof which side will it fall? A) There is no egg. B) Left. C) Up. D) Down. Show Answer Correct Answer: A) There is no egg. ← 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