This quiz works best with JavaScript enabled. Home > Accounting > Decision Making > Information For Decision Making > Information For Decision Making – Quiz 12 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Information For Decision Making Quiz 12 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What is the final step in the decision making process? A) Define the problem. B) Make the decision. C) Consider alternatives. D) Evaluate the results. Show Answer Correct Answer: D) Evaluate the results. 2. If companies spend much time correcting errors and redoing work, it is likely that the supervisors are not effective at A) Evaluation. B) Communication. C) Quality control. D) Time management. Show Answer Correct Answer: C) Quality control. 3. What is the second and third process in decision making? A) Identifying Decision Criteria; Weighting Criteria. B) Weighting Criteria; Developing Alternatives. C) Identifying a Decision Problem; Identifying Decision Criteria. D) Developing Alternatives; Analyzing Alternatives. Show Answer Correct Answer: A) Identifying Decision Criteria; Weighting Criteria. 4. What is a category of AI that attempts to emulate the way the human brain works? A) Intelligent system. B) Artificial intelligence. C) Neural network. D) Expert systems. Show Answer Correct Answer: C) Neural network. 5. Decision making is important to which of these management functions? A) Planning, organizing, staffing, leading, and controlling. B) Planning, organizing, staffing. C) Planning, organizing, staffing, and controlling. D) Planning, organizing, staffing, leading, and data retrieval. Show Answer Correct Answer: A) Planning, organizing, staffing, leading, and controlling. 6. Which of the following is NOT a step in the decision making process? A) Taking action. B) Defining the problem. C) Seeking help every time. D) Gathering information. Show Answer Correct Answer: C) Seeking help every time. 7. Decision-making strategy in which you consider every detail of every option over and over again A) Delayed Gratification. B) Play it Safe. C) Agony. D) None of above. Show Answer Correct Answer: C) Agony. 8. How many steps are in the Simon's decision making process? A) Six. B) Five. C) Seven. D) Eight. Show Answer Correct Answer: C) Seven. 9. In making decisions, managers must first recognize the importance of ..... and not make decisions that are either too hasty or too delayed. A) Finances. B) Timing. C) Information. D) None of above. Show Answer Correct Answer: B) Timing. 10. Why is there no such thing as a free lunch? A) You could choke on the free hamburger and have to go to the hospital. B) You must pay for everything you eat. C) Every choice involves an opportunity cost. D) There is plenty of food for everyone. Show Answer Correct Answer: C) Every choice involves an opportunity cost. 11. The first step in making a decision is to know your personal ..... A) Worth. B) Opinions. C) Values. D) None of above. Show Answer Correct Answer: C) Values. 12. Choices that are consistent and value-maximizing within specified constraints. A) Rational Model. B) Bounded Rationality. C) Intuitive Decision Making. D) None of above. Show Answer Correct Answer: A) Rational Model. 13. Who said: "E-mail has some magical ability to turn off the politeness gene in a human being." A) Bill Gates. B) Elon Musk. C) Jeff Bezos. D) Karren Brady. Show Answer Correct Answer: C) Jeff Bezos. 14. When a managers has his/her subordinates to come up with as many different ideas as possible to help solve a problem he/she is using which technique? A) Rational decision-making. B) Intuitive decision making. C) Team decision making. D) Brainstorming. Show Answer Correct Answer: D) Brainstorming. 15. Developing a thorough plan of action prior to deciding what to do is called a ..... A) Complaint. B) Comparison Shopping. C) Decision-making Process. D) Budget. Show Answer Correct Answer: C) Decision-making Process. 16. A good decision is ..... A) Well thought out. B) Made quickly. C) Always the easiest to make. D) One that makes everyone happy. Show Answer Correct Answer: A) Well thought out. 17. What is the fourth and fifth process in decision making? A) Weighting Criteria; Developing Alternatives. B) Identifying Decision Criteria; Weighting Criteria. C) Developing Alternatives; Analyzing Alternatives. D) Identifying a Decision Problem; Identifying Decision Criteria. Show Answer Correct Answer: C) Developing Alternatives; Analyzing Alternatives. 18. Two start ups in the same industry plan to merge their assets and human capital to maximize their presence in the market. This planning is an example of A) No planning needed. Merging is always good choice. B) Strategic planning. C) Operational Planning. D) Tactical planning. Show Answer Correct Answer: B) Strategic planning. 19. What would not be an opportunity cost of spending your weekend sleeping? A) Getting plenty of sleep. B) Buying new clothes at the mall. C) Spending time with your friends. D) Getting exercise at the gym. Show Answer Correct Answer: A) Getting plenty of sleep. 20. In the employee evaluation, the section that tells what should be done is called the: A) Scope. B) Recommendation. C) Appendices. D) Conclusion. Show Answer Correct Answer: B) Recommendation. 21. The collected facts and figures. A) Data. B) Metrics. C) Database. D) Information. Show Answer Correct Answer: A) Data. 22. To practice within their full scope of practice of the profession it may require that individuals? or? their knowledge skills or competence. A) Update, increase. B) Retrain, downgrade. C) Don't change, refrain. D) None of above. Show Answer Correct Answer: A) Update, increase. 23. Compared to fully rational decision making, what is a major advantage of intuitive decision making? A) Thoroughness. B) Total reliability. C) Fully quantified. D) Speed. Show Answer Correct Answer: A) Thoroughness. 24. Which one of the following is the process by the employer and a union to resolve differences? A) Collective bargaining. B) Strike. C) Cooling-off period. D) Walkout. Show Answer Correct Answer: A) Collective bargaining. 25. Buying the same brand of goods is a result of which of the following types of information searching? A) Extensive searching. B) Basic searching. C) External searching. D) Internal searching. Show Answer Correct Answer: D) Internal searching. 26. Which type of visual aid should be in a document to show detailed information and exact figures? A) Flowchart. B) Legend. C) Table. D) Photograph. Show Answer Correct Answer: C) Table. 27. What is the first of the 6 steps in the rational decision make process? A) Identifying several possible decision options. B) Collecting the information to make a well-informed decision. C) Planning how to go about making a decision. D) Recognizing the need for a decision. Show Answer Correct Answer: D) Recognizing the need for a decision. 28. Decisions about the daily operations of a specific unit in a business are the responsibility of A) Supervisors. B) Employees. C) Middle management. D) Top level of management. Show Answer Correct Answer: A) Supervisors. 29. A reference group has the least influence on a person for buying which of the following items? A) A car. B) A life insurance plan. C) A dress. D) None of above. Show Answer Correct Answer: B) A life insurance plan. 30. Possible, able to happen; something that can develop or become a reality. A) Priority. B) Inappropriate. C) Potential. D) Scarcity. Show Answer Correct Answer: C) Potential. ← 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