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Information For Decision Making Quiz 15 (25 MCQs)

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1. Buying the same brand of goods is a result of which of the following types of information searching?
2. Which type of visual aid should be in a document to show detailed information and exact figures?
3. What is the first of the 6 steps in the rational decision make process?
4. Decisions about the daily operations of a specific unit in a business are the responsibility of
5. A reference group has the least influence on a person for buying which of the following items?
6. Possible, able to happen; something that can develop or become a reality.
7. An organization does NOT allow people
8. This step in analytics process where the mathematical analytics work is performed,
9. What should you try to balance when reducing decision-making risk?
10. What is something that stands in your way?
11. Which of these is not a characteristic of good information?
12. If a rooster lays a egg on a slanted roof which side will it fall?
13. What you give up when you choose one alternative over another. The alternative you don't choose.
14. _____ occurs when decision makers think they know more than they do or hold unrealistically positive views of themselves and their performance.
15. Indicates what might happen in the future with an acceptable level of reliability, including a few alternative scenarios and risk assessment.
16. This idea involves making the lives of consumers, workers, or the community better.
17. What is Heuristics?
18. Which kind of desicion making conditions means that all the information the decision maker needs is fully available?
19. What is a product review?
20. Which kind of desicion making conditions means that the goals to be achieved or the problem to be solved is unclear, alternatives are difficult to define, and information about outcomes is unavailable?
21. Fundamental beliefs that are worthwhile and important to you
22. The three main models that managers use to make decisions are _____
23. A range is always expressed as
24. Using the PACED decision-making model, which alternative will not be a reasonable solution to the problem of where to eat dinner?
25. A sign or indication that something appears to be a problem is
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