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Information For Decision Making Quiz 12 (25 MCQs)

Quiz Instructions:

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1. Incremental analysis is synonymous with..
2. Which one of the following is NOT one of the functions of management?
3. This kind of questions not only ask why it happens but also provide recommendations regarding actions that will take.
4. A choice that you make about a situation in your life
5. 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.
6. Changes in the buying power of the dollar are measured by:
7. Combination of surroundings, conditions or influences
8. While processing data, what factors can lead to errors?
9. A decision that is made on a hunch is said to be a(n) _____ decision.
10. Post-purchase anxiety caused by the doubt of whether a correct purchase decision has been made.
11. 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.
12. The first step of decision making is
13. A decision made in response to a situation that is unique, is poorly defined and unstructured, and has important consequences
14. What are various commercial applications of artificial intelligence?
15. Where can a car buyer find the value of a particular model?
16. A _____ is something that happens as a result of a particular action or set of conditions
17. Which best describes System 2?
18. Decision making is most affected by
19. Which of the following is a 'Tactical' decision?
20. The feeling that you should do something you wouldn't normally do because people your age want you to
21. The step in the decision-making process in which managers analyze underlying causal factors associated with the decision situation.
22. 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?
23. Thought process of a purchasing decision
24. What is the last step in the decision making process?
25. Consumer spending is likely to rise when:
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