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Information For Decision Making Quiz 16 (25 MCQs)

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1. Which of the following stages in the family life cycle does a family typically downsize their house?
2. Based on your analysis of all possible options, _____ the best option and act on it.
3. Which is the best definition for opportunity cost?
4. An example of a want:
5. The functional area of business with the most extensive use of mathematics is
6. When making the decision, you should consider your _____
7. Steps in the buyer decision process are _____ skipped.
8. The first step in the decision making process is
9. A good data scientist should?
10. When a conflict arises you sometimes have to make a(n):
11. Which of the following is considered as best decision making approach?
12. 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
13. What is the sixth and last process in decision making?
14. Which one of the following is pictured atop the hierarchical pyramid?
15. Jana finally decides which sport she is going to sign up for in the Spring. What step is this in the decision-making model?
16. A person's principles of standards of behavior; one's judgment of what is important in life
17. The achievement of a goal
18. This is an example of a human resource
19. After all process has been done. We need _____
20. Which one of the following sources of finance should a business use to solve a cash flow problem?
21. Generally, what time period are strategic decisions made for?
22. 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?
23. A person's need for respect belongs to which of the following levels of Maslow's hierarchy?
24. A common mistake made by managers facing crisis situations is that they _____ .
25. The first step in the decision making process is _____
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