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Information For Decision Making Quiz 13 (25 MCQs)

Quiz Instructions:

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1. A choice made from available alternatives
2. Purchasing a home is an example of a/an _____
3. A Democratic decision-making style is best used for low _____ and low to medium _____ decisions.
4. Which would be the first step in the decision making process?
5. Decisions that recur infrequently and have no decision rules are _____ decisions
6. Who would usually make organisational decisions?
7. The _____ style focuses on a large amount of information but arrives at one alternative or solution.
8. What finds the inputs necessary to achieve a goal, such as a desired level of output?
9. A _____ is a procedure used to evaluate the work and accomplishment of an employee and provide feedback on performance.
10. Consumers reduce dissonance by:
11. Condition in which goal is unclear, alternatives are hard to define and info on outcomes is unavialable
12. Having too many products in inventory:
13. 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."
14. Our values and behaviors are influenced by our family, friends, culture, media, _____, and _____
15. Which of the following is likely to have the least influence on an individual's values?
16. The value of the choice that could have been chosen, but was not.
17. What provide managers with information to make tactical and strategic decisions
18. The _____ decision model views managers as making optimizing decisions, whereas the _____ decision model views them as making satisficing decisions.
19. 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?
20. Theory Y addresses which premise of workplace activity?
21. How many steps are in the decision making process?
22. Sometimes consumers skip the evaluation process entirely. This is usually because consumers sometimes buy _____
23. When a manager likes to consider complex solutions based on as much data as they can gather, thier DM style is
24. A barriers to effective decision making skills is
25. Which of the following allows easy comparison of values among several characteristics from a data set?
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