This quiz works best with JavaScript enabled. Home > Accounting > Decision Making > Information For Decision Making > Information For Decision Making – Quiz 15 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Information For Decision Making Quiz 15 (18 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Scarcity exists because A) China has the resources we need. B) There aren't enough resources to produce everyone's wants. C) Everything is too expensive. D) The government has control over all our resources. Show Answer Correct Answer: B) There aren't enough resources to produce everyone's wants. 2. A ..... is a common set of activities that makes up an importance part of a manager's job. A) Management Role. B) Work Coach. C) Supervisors. D) Work Schedules. Show Answer Correct Answer: A) Management Role. 3. A business has 360 customer service professionals working in a call center and 10 of them are supervisors. The ratio of supervisors to employees is A) 1:35. B) 1:36. C) 36:1. D) 35:1. Show Answer Correct Answer: A) 1:35. 4. What is an artificial intelligence system that mimics the evolutionary, survival-of-the-fittest process to generate increasingly better solutions to a problem? A) Neural network. B) Genetic algorithm. C) Intelligent system. D) Artificial intelligence. Show Answer Correct Answer: B) Genetic algorithm. 5. Which one of the following is subject to a double tax? A) Dividends. B) Stock split. C) Sale of equipment. D) Extraordinary revenue. Show Answer Correct Answer: A) Dividends. 6. What involves the two primary activities of recruitment and selection? A) Performance appraisal process. B) Competency inventory process. C) Hiring process. D) Job analysis process. Show Answer Correct Answer: C) Hiring process. 7. ..... is the cost associated with giving up one thing for another. A) Opportunity cost. B) Rationing. C) Reallocation. D) Alternative. Show Answer Correct Answer: A) Opportunity cost. 8. In what step are the alternatives ordered for being a priority or not? A) Step 4:Blame the evidence. B) Step 2:Gather relevant information. C) Step 2:Think about your decision. D) Step 4:Weigh the evidence. Show Answer Correct Answer: D) Step 4:Weigh the evidence. 9. Employees who suffer death, injury, or illness as a result from their work are covered by: A) Workers' compensation. B) Unemployment insurance. C) Medicare. D) Medicaid. Show Answer Correct Answer: A) Workers' compensation. 10. Making a change to a feature of a product because of what the manager thinks the customers will like. A) Brainstorming. B) Rational decision-making. C) Team decision making. D) Intuitive decision making. Show Answer Correct Answer: D) Intuitive decision making. 11. Who would usually make strategic decisions within an organisation? A) Shift Supervisor. B) CEO or Managing Director. C) Middle Management. D) The Janitor. Show Answer Correct Answer: B) CEO or Managing Director. 12. ..... involves grouping individuals into specific groups, like small rural communities or a neighborhood subdivision. A) Stereotyping. B) Geographics. C) Demographics. D) Social networking. Show Answer Correct Answer: D) Social networking. 13. Which of the following organizations publishes the Consumer Reports? A) Consumer Union. B) Better Business Bureau (BBB). C) American Consumer Council. D) None of above. Show Answer Correct Answer: A) Consumer Union. 14. Which of the following is an example of a marketing source when searching for information of a product? A) Friends. B) School Library. C) Product Advertisements. D) None of above. Show Answer Correct Answer: C) Product Advertisements. 15. Cognitive dissonance is part of: A) Evaluation of Alternatives and Purchase. B) Postpurchase behavior. C) Need recognition. D) None of above. Show Answer Correct Answer: A) Evaluation of Alternatives and Purchase. 16. Making quick decisions based upon how you feel at that moment A) Impulsive. B) Involuntary. C) Reflexive. D) Rational. Show Answer Correct Answer: A) Impulsive. 17. Which of the following is NOT an important factor on decision making? A) Time. B) Environment. C) Family. D) Stress. Show Answer Correct Answer: D) Stress. 18. The last step in decision making process A) Choosing the right decision. B) Taking action. C) Evaluation. D) Weighing alternatives. Show Answer Correct Answer: C) Evaluation. ← PreviousRelated 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