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Information For Decision Making Quiz 10 (30 MCQs)

Quiz Instructions

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1. The process of evaluating financial data that change under alternative courses of action is called..
2. A student who is trying to decide which career to choose is making which kind of decision?
3. A consequence is
4. There are 3 types evaluating potential alternatives from consumers .....
5. Situations requiring ..... decisions frequently represent new experiences for the nurse. They require more judgment or the "cognitive or thinking aspects of the decision-making process"
6. What is the study of the impact that changes in one (or more) parts of the model have on other parts of the model?
7. You are more likely to notice a car like your own due to .....
8. A decision making model based on the assumption that managers should make logical decisions that will be in the organization's best economic interests is
9. Incremental analysis is synonymous with..
10. Which one of the following is NOT one of the functions of management?
11. This kind of questions not only ask why it happens but also provide recommendations regarding actions that will take.
12. A choice that you make about a situation in your life
13. Who said:The world is divided into three types of people in business:those who make things happen, those who watch things happen, and those who wonder what happened.
14. Changes in the buying power of the dollar are measured by:
15. Combination of surroundings, conditions or influences
16. While processing data, what factors can lead to errors?
17. A decision that is made on a hunch is said to be a(n) ..... decision.
18. Post-purchase anxiety caused by the doubt of whether a correct purchase decision has been made.
19. Being asked to develop a plan to increase international sales of a product is an example of the types of ..... problems that managers must be prepared to deal with.
20. The first step of decision making is
21. A decision made in response to a situation that is unique, is poorly defined and unstructured, and has important consequences
22. What are various commercial applications of artificial intelligence?
23. Where can a car buyer find the value of a particular model?
24. A ..... is something that happens as a result of a particular action or set of conditions
25. Which best describes System 2?
26. Decision making is most affected by
27. Which of the following is a 'Tactical' decision?
28. The feeling that you should do something you wouldn't normally do because people your age want you to
29. The step in the decision-making process in which managers analyze underlying causal factors associated with the decision situation.
30. 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?
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