This quiz works best with JavaScript enabled. Home > Accounting > Decision Making > Information For Decision Making > Information For Decision Making – Quiz 2 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Information For Decision Making Quiz 2 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The Noncontrolled and controlled information source are part of which step A) Need recognition. B) Information search. C) Evaluation of Alternatives and Purchase. D) None of the above. Show Answer Correct Answer: B) Information search. 2. A manager being sent a report which contains codes they do not understand is an example of information not being ..... A) Complete. B) Understandable. C) Accurate. D) Up To Date. Show Answer Correct Answer: B) Understandable. 3. Good managers make decisions A) Rationally. B) Intuitively. C) Both a and b. D) None. Show Answer Correct Answer: C) Both a and b. 4. Which of the following factors is not influenced by values? A) Individual's daily decisions. B) Individual's choice of friends. C) Individual's life cycle position. D) Individual's financial decisions. Show Answer Correct Answer: C) Individual's life cycle position. 5. Includes others in the decision making, even if an individual must make the final decision. A) Clarifies, solutions, evaluates, implements. B) Systematic. C) Perspective, alternatives. D) Participative decision-making. Show Answer Correct Answer: D) Participative decision-making. 6. Marketers need to understand the ..... consumers go through to evaluate alternatives. A) Choices. B) Steps. C) Experiences. D) Research. Show Answer Correct Answer: B) Steps. 7. Decision-making strategy in which you go with your first reaction A) Escape. B) Impulse. C) Agony. D) None of above. Show Answer Correct Answer: B) Impulse. 8. Which of the following is the most enduring judgment of good or bad? A) Opinion. B) Value. C) Belief. D) None of above. Show Answer Correct Answer: B) Value. 9. A person with good decision-making skills: A) Waits until the problem has been defined by others. B) Evaluates all the information before making the decision. C) Always makes the right decision. D) Makes decisions based on feelings. Show Answer Correct Answer: B) Evaluates all the information before making the decision. 10. Which of these is not a basic barrier to effective decision making A) Panic. B) Complacency. C) Empathy. D) Avoidance. Show Answer Correct Answer: C) Empathy. 11. They way you value, respect, and feel confident about yourself. A) Self esteem. B) Goal. C) Values. D) Body image. Show Answer Correct Answer: A) Self esteem. 12. Decision-making strategy in which you avoid a decision A) Escape. B) Compliance. C) Play it Safe. D) None of above. Show Answer Correct Answer: A) Escape. 13. Which of the following is NOT a renter's right? A) Having a healthy environment. B) Having privacy. C) Not paying the rent in case of emergency. D) Having a safe environment. Show Answer Correct Answer: C) Not paying the rent in case of emergency. 14. Who said:Information technology and business are becoming inextricably interwoven. I don't think anybody can talk meaningfully about one without the talking about the other. A) Karren Brady. B) Elon Musk. C) Bill Gates. D) Jeff Bezos. Show Answer Correct Answer: C) Bill Gates. 15. Behaviors that are typical and acceptable for a particular group of people are called ..... ..... A) Biased opinions. B) Social norms. C) Inclusive ideas. D) Accepted attitudes. Show Answer Correct Answer: B) Social norms. 16. In which role are managers acting when they represent their organization and maintain effective relationships with others? A) Middle manager. B) Relationship builders. C) Decision makers. D) Communicators. Show Answer Correct Answer: B) Relationship builders. 17. Something that you cannot survive without: A) Value. B) Opportunity cost. C) Want. D) Need. Show Answer Correct Answer: D) Need. 18. A ..... is any individual who is subject to the authority and control of another person. A) Management Role. B) Work Coach. C) Staffing. D) Subordinate. Show Answer Correct Answer: D) Subordinate. 19. Part of the brain studied by Bechara et al. A) DlPFC. B) LmPFC. C) VmPFC. D) VlPFC. Show Answer Correct Answer: C) VmPFC. 20. Specific group for which a business's products, services and marketing efforts are intended A) Demographic Status. B) Personality. C) Target Market. D) None of above. Show Answer Correct Answer: C) Target Market. 21. Which of the following is the first step of the consumer decision making process? A) Alternative evaluation. B) Information searching. C) Purchase decision. D) Need identification. Show Answer Correct Answer: D) Need identification. 22. Following the directions to put together an exercise machine is an example of which way to solve a problem? A) General practice. B) Rule. C) Policy. D) Procedure. Show Answer Correct Answer: D) Procedure. 23. Which type of leader gives direct, clear, and precise orders with detailed instruction about what, when and how work is to be done? A) Democratic. B) Open. C) Autocratic. D) Situational. Show Answer Correct Answer: C) Autocratic. 24. Who said:If you're trying to create a company, it's like baking a cake. You have to have all the ingredients in the right proportion. A) Karren Brady. B) Jeff Bezos. C) Elon Musk. D) Bill Gates. Show Answer Correct Answer: C) Elon Musk. 25. Studied anchoring bias asking questions about Gandhi's age A) Kahneman & Tversky. B) Kahneman. C) Strack & Mussweiler. D) Bechara et al. Show Answer Correct Answer: C) Strack & Mussweiler. 26. Refers not only to National Law, but also to a diverse range of state/ territory and Commonwealth acts and regulations that may affect practice. A) Legislation. B) Regulations. C) Professional practice. D) Professional standards. Show Answer Correct Answer: A) Legislation. 27. Which was NOT one of the decision making models? A) Political. B) Classical. C) Normative. D) Administrative. Show Answer Correct Answer: C) Normative. 28. Lifestyle is identified by which of the following? A) Activities, interests and opinions. B) Attitudes, values and beliefs. C) Symbols, rituals and heroes. D) Age, gender and ethnicity. Show Answer Correct Answer: A) Activities, interests and opinions. 29. Consumers purchase goods and services A) To satisfy their basic needs and wants. B) To keep up with social trends. C) Because businesses use marketing to make them. D) To keep the economy afloat. Show Answer Correct Answer: A) To satisfy their basic needs and wants. 30. The action step that requires you to do something is ..... A) Consider your values. B) Make a decision and act. C) Evaluate the decision. D) None of above. Show Answer Correct Answer: B) Make a decision and act. ← PreviousNext →Related QuizzesDecision Making QuizzesAccounting QuizzesInformation For Decision Making Quiz 1Information 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 8Information For Decision Making Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books