This quiz works best with JavaScript enabled. Home > Accounting > Decision Making > Information For Decision Making > Information For Decision Making – Quiz 11 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Information For Decision Making Quiz 11 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Thought process of a purchasing decision A) Cognitive dissonance. B) Consumer Decision Making. C) Target Market. D) None of above. Show Answer Correct Answer: B) Consumer Decision Making. 2. What is the last step in the decision making process? A) Measure consequences. B) Share your decision with friends. C) Evaluate the decision. D) Execute the decision. Show Answer Correct Answer: C) Evaluate the decision. 3. Consumer spending is likely to rise when: A) Taxes rise. B) Unemployment is high. C) . people are putting more money into savings accounts. D) Interest rates are low. Show Answer Correct Answer: D) Interest rates are low. 4. A choice made from available alternatives A) Certainty. B) Risk. C) Ambiguity. D) Decision. Show Answer Correct Answer: D) Decision. 5. Purchasing a home is an example of a/an ..... A) Major decision. B) Routine decision. C) Impulsive decision. D) Informed decision. Show Answer Correct Answer: A) Major decision. 6. A Democratic decision-making style is best used for low ..... and low to medium ..... decisions. A) Risk; urgency. B) Risk; visibility. C) Value; risk. D) Impact; risk. Show Answer Correct Answer: A) Risk; urgency. 7. Which would be the first step in the decision making process? A) List the alternatives. B) Recognition of a problem or decision requirement. C) Implementation. D) Evaluation. Show Answer Correct Answer: B) Recognition of a problem or decision requirement. 8. Decisions that recur infrequently and have no decision rules are ..... decisions A) Nonprogrammed. B) Risk. C) Programmed. D) Certain. Show Answer Correct Answer: A) Nonprogrammed. 9. 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. 10. The ..... style focuses on a large amount of information but arrives at one alternative or solution. A) Trial and error. B) Controlled. C) Hierarchic. D) Flexible. Show Answer Correct Answer: C) Hierarchic. 11. What finds the inputs necessary to achieve a goal, such as a desired level of output? A) What-if analysis. B) Drill-down. C) Goal-seeking analysis. D) Sensitivity analysis. Show Answer Correct Answer: C) Goal-seeking analysis. 12. A ..... is a procedure used to evaluate the work and accomplishment of an employee and provide feedback on performance. A) Management Principles. B) Performance Review. C) Work Schedules. D) Work Coach. Show Answer Correct Answer: B) Performance Review. 13. Consumers reduce dissonance by: A) Seeking information that reinforces the purchase decision. B) Avoiding information that contradicts the purchase decision. C) Revoking the original decision by returning the product. D) All of the above. Show Answer Correct Answer: D) All of the above. 14. Condition in which goal is unclear, alternatives are hard to define and info on outcomes is unavialable A) Certainty. B) Decision. C) Risk. D) Ambiguity. Show Answer Correct Answer: D) Ambiguity. 15. Having too many products in inventory: A) Usually causes a company to loose sales. B) Increases employment. C) Decreases cost. D) Increases the risk that the products will become outdated before they are sold. Show Answer Correct Answer: D) Increases the risk that the products will become outdated before they are sold. 16. Who Said: "The business of business should not just be about money, it should be about responsibility. It should be about public good, not private greed." A) Jeff Bezos. B) Karren Brady. C) Oprah Winfrey. D) Anita Roddick. Show Answer Correct Answer: D) Anita Roddick. 17. Our values and behaviors are influenced by our family, friends, culture, media, ....., and ..... A) School, community. B) Eating, drinking habits. C) Time, space. D) None of above. Show Answer Correct Answer: A) School, community. 18. Which of the following is likely to have the least influence on an individual's values? A) Media. B) Family. C) Grade average. D) Religious affiliations. Show Answer Correct Answer: C) Grade average. 19. 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. 20. What provide managers with information to make tactical and strategic decisions A) MIS Management Information Systems. B) MIT Management Information Tuning. C) MIB Management Information Benefits. D) MIS Management Intervention Systems. Show Answer Correct Answer: A) MIS Management Information Systems. 21. The ..... decision model views managers as making optimizing decisions, whereas the ..... decision model views them as making satisficing decisions. A) Classical, behavioural. B) Quantitative, behavioural. C) Behavioural, human relations. D) Heuristic, humanistic. Show Answer Correct Answer: A) Classical, behavioural. 22. You had three options for the evening:play football, go bowling, or watch TV. You really wanted to get some exercise. You chose to go bowling. What was your opportunity cost? A) Football. B) Bowling. C) TV. D) Football and TV. Show Answer Correct Answer: A) Football. 23. Theory Y addresses which premise of workplace activity? A) Employees like to work as they like to play or rest. B) Theory Y was created for Gen Xers. C) Theory Z workers work better for theory X than theory Y. D) Theory X is correct but needs some modification. Show Answer Correct Answer: A) Employees like to work as they like to play or rest. 24. How many steps are in the decision making process? A) Eight. B) Seven. C) Six. D) Five. Show Answer Correct Answer: B) Seven. 25. Sometimes consumers skip the evaluation process entirely. This is usually because consumers sometimes buy ..... A) Because of impulse. B) By mistake. C) Because of desperation. D) Because of an emergency. Show Answer Correct Answer: A) Because of impulse. 26. When a manager likes to consider complex solutions based on as much data as they can gather, thier DM style is A) Analytic. B) Behavioural. C) Conceptual. D) Directive. Show Answer Correct Answer: A) Analytic. 27. Which of the following is a solution that is chosen from among alternatives? A) Decision-making. B) Uncertainty. C) Problem. D) Decision. Show Answer Correct Answer: D) Decision. 28. A barriers to effective decision making skills is A) Verification. B) Concentration. C) Preparation. D) Complacency. Show Answer Correct Answer: D) Complacency. 29. Which of the following allows easy comparison of values among several characteristics from a data set? A) A line graph. B) A legend. C) A trend. D) A bar chart. Show Answer Correct Answer: D) A bar chart. 30. ..... are documents that identify the tasks to be done, employees assigned to work, and the time frame for completion of each task. A) Work Coach. B) Work Schedules. C) Performance Review. D) Time Management. Show Answer Correct Answer: B) Work Schedules. ← PreviousNext →Related QuizzesDecision Making QuizzesAccounting QuizzesInformation For Decision Making Quiz 1Information For Decision Making Quiz 2Information For Decision Making Quiz 3Information For Decision Making Quiz 4Information For Decision Making Quiz 5Information For Decision Making Quiz 6Information For Decision Making Quiz 7Information For Decision Making Quiz 8 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books