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Information For Decision Making Quiz 3 (25 MCQs)

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1. Following the directions to put together an exercise machine is an example of which way to solve a problem?
2. Which type of leader gives direct, clear, and precise orders with detailed instruction about what, when and how work is to be done?
3. 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.
4. Studied anchoring bias asking questions about Gandhi's age
5. Refers not only to National Law, but also to a diverse range of state/ territory and Commonwealth acts and regulations that may affect practice.
6. Which was NOT one of the decision making models?
7. Lifestyle is identified by which of the following?
8. Consumers purchase goods and services
9. The action step that requires you to do something is _____
10. Individuals with expertise in the area in question, such as your physician, pharmacist, or physical therapist can all be considered as _____ sources to assist in the decision making process.
11. When a manager makes a decision after talking to his/her subordinates and having them vote on the matter, this is what style of decision making?
12. Fill in the blank. Staff with knowledge, skills, and experience help to _____ the likelihood of a successful outcome.
13. When you don't have all the data and can't get data, the best way to make a decision is
14. Which one of these sources of finance may involve the payment of a dividend?
15. How can a person determine that a decision was a good one?
16. _____ are the small intervals and standards used to make your decisions.
17. Refers to the tendency of people in groups to suppress contrary opinions in a desire for harmony
18. Which common business activity involving math skills uses data to set numerical goals or standards?
19. Which of the following is a disadvantage of buying a used car?
20. Consumer decision rules are referred to as heuristics, decision strategies, and information-processing strategies, and are procedures used by consumers to _____ brand choices
21. A marketing mix is the blending of which marketing elements?
22. A decision making technique that uses a face-to-face group to spontaneously syuggest a broad range of alternatives for decision making is called
23. What integrates information from multiple components and tailors the information to individual preferences?
24. A manager who is reactive and works hard to address problems after they occur is known as a _____
25. A decision made in response to a situation that has occurred often enough to enable managers to develop decision rules to be applied in the future
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