This quiz works best with JavaScript enabled. Home > Accounting > Decision Making > Information For Decision Making > Information For Decision Making – Quiz 14 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Information For Decision Making Quiz 14 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The style of a manager who has a deep concern for employees as individuals, likes to talk to people one on one and understand their feelings A) Directive style. B) Conceptual style. C) Behavioral style. D) Analytical sytle. Show Answer Correct Answer: C) Behavioral style. 2. What is the sixth and last process in decision making? A) Identifying Decision Criteria; Weighting Criteria. B) Weighting Criteria; Developing Alternatives. C) Developing Alternatives; Analyzing Alternatives. D) Selecting the Best Alternative; Implementing the Decision. Show Answer Correct Answer: D) Selecting the Best Alternative; Implementing the Decision. 3. Which one of the following is pictured atop the hierarchical pyramid? A) Management. B) Employees. C) Upper management. D) Executive. Show Answer Correct Answer: D) Executive. 4. Jana finally decides which sport she is going to sign up for in the Spring. What step is this in the decision-making model? A) Step 2-consider your options. B) Step 3-Consider the consequences. C) Step 4-Identify your values. D) Step 5-Decide and act. Show Answer Correct Answer: D) Step 5-Decide and act. 5. A person's principles of standards of behavior; one's judgment of what is important in life A) Priorities. B) Values. C) Escape. D) Expectations. Show Answer Correct Answer: B) Values. 6. The achievement of a goal A) Evaluate. B) Values. C) Decision making. D) Success. Show Answer Correct Answer: D) Success. 7. This is an example of a human resource A) Restaurant. B) Food. C) Oven. D) Waitress. Show Answer Correct Answer: D) Waitress. 8. After all process has been done. We need ..... A) Developing Alternatives. B) Implementing the Decision. C) Evaluating the Decision. D) Analyzing Alternatives. Show Answer Correct Answer: C) Evaluating the Decision. 9. Which one of the following sources of finance should a business use to solve a cash flow problem? A) Venture capital [1. B) A 5 year bank loan. C) A mortgage. D) An overdraft. Show Answer Correct Answer: D) An overdraft. 10. Generally, what time period are strategic decisions made for? A) +5 years. B) 12 monthsDaily. C) 12 months. D) None of above. Show Answer Correct Answer: A) +5 years. 11. Which of the following steps of the consumer decision making process involves comparing the product to expectations and deciding whether it is satisfying or dissatisfying? A) Information searching. B) Alternative evaluation. C) Post-purchase evaluation. D) Need identification. Show Answer Correct Answer: C) Post-purchase evaluation. 12. A person's need for respect belongs to which of the following levels of Maslow's hierarchy? A) Esteem. B) Safety. C) Self-actualization. D) Love. Show Answer Correct Answer: A) Esteem. 13. A common mistake made by managers facing crisis situations is that they ..... . A) Isolate themselves to make the decision alone. B) Try to get too much information before responding. C) Rely too much on group decision-making. D) Forget to use their crisis management plan. Show Answer Correct Answer: A) Isolate themselves to make the decision alone. 14. The role of management accounting includes what? A) Formulating plans. B) Budgets. C) Providing information to be used to control different parts of the entity. D) All answers above. Show Answer Correct Answer: D) All answers above. 15. What decision making tool uses money as a factor to determine the outcome? A) SWOT. B) ABC Chart. C) Cost-Benefit Analysis. D) Decision Tree. Show Answer Correct Answer: C) Cost-Benefit Analysis. 16. A ..... is an alternative course of action to be followed is a specific problem arises. A) Symptom. B) Performance Review. C) Contingency Plan. D) Work Schedules. Show Answer Correct Answer: C) Contingency Plan. 17. Which of the following is the most commonly used form of AI in the business arena? A) Neural network. B) Intelligent system. C) Artificial intelligence. D) Expert system. Show Answer Correct Answer: D) Expert system. 18. Which of the following is not the use of Analytics? A) Qualitative methods. B) Data. C) Statistical Analysis. D) Information Technology. Show Answer Correct Answer: A) Qualitative methods. 19. ..... is the process of making sure work meets acceptable standards A) Executive. B) Planning. C) Work Schedules. D) Quality Control. Show Answer Correct Answer: D) Quality Control. 20. Words used in spoken or written messages are: A) Senders. B) Nonverbal symbols. C) Verbal symbols. D) Gestures. Show Answer Correct Answer: C) Verbal symbols. 21. ..... their biased perceptions, which influence the information they pay attention to, the problems they identify, and the alternatives they develop. A) The anchoring effect. B) Selective perception. C) Confirmation bias. D) The framing bias. Show Answer Correct Answer: B) Selective perception. 22. Which of the following is a cognitive bias that contributes to the failure of decision makers to acquire enough information to make a good decision? A) Satisficing. B) Confirmation bias. C) Anchoring effect. D) Perceptual defence. Show Answer Correct Answer: B) Confirmation bias. 23. If a car buyer knows the inventory dealer price of the same car at different dealerships, he or she is operating under what type of decision-making condition? A) Factual. B) Uncertainty. C) Certainty. D) Risk. Show Answer Correct Answer: C) Certainty. 24. The value of the next best alternative when a decision is made. A) Opportunity cost. B) Choices. C) Scarcity. D) Value. Show Answer Correct Answer: A) Opportunity cost. 25. The concept of outsourcing services to countries with lower labor costs is known as A) Offshoring. B) Insourcing. C) International outsourcing. D) Opportunity cost. Show Answer Correct Answer: C) International outsourcing. 26. Copying and claiming someone else's written work as your own is an example of: A) Copyright violation. B) Trademark violation. C) Plagiarism. D) Patent violation. Show Answer Correct Answer: C) Plagiarism. 27. Just because you know what is healthy and what is right does not mean it is always easy. Peer pressure and socio-economic factors are considered as ..... A) Barriers. B) Consequences. C) Options. D) Bad influences. Show Answer Correct Answer: A) Barriers. 28. During the pre-purchase part of the purchase experience, research ..... be undertaken A) Must. B) May not. C) Can not. D) None of the other answers are correct. Show Answer Correct Answer: B) May not. 29. There are two sources of information ..... and Non-Marketer Dominated Stimuli A) Marketer Dominated. B) Cultural Dominated. C) Consumer Dominated. D) Buyer Dominated. Show Answer Correct Answer: A) Marketer Dominated. 30. Which of the following is NOT a tactic of reducing cognitive dissonance? A) Follow-up calls. B) Extended warranty. C) Free shipping. D) None of above. Show Answer Correct Answer: C) Free shipping. ← 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