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Information For Decision Making Quiz 4 (25 MCQs)

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1. When a manager makes a decision by looking at data, and surveys in order to make a product decision.
2. Which of the following does NOT affect when people make a purchase?
3. One basis for making programmed decisions is _____
4. The final step of the decision-making process is:
5. The act of committing to a choice or coming to a solution is a called _____,
6. _____ is an important choice requiring careful thought because it affects a person's career and personal life
7. When are we more likely to use System 1 thinking?
8. What does System-1 thinking do?
9. Recognition of an unfulfilled need and develop a product that will satisfy it
10. What letter is the only letter that does not appear in the name of a US state?
11. A behavior or a situation that could harm self or others
12. They often only involve you, and they have few possible negative consequences
13. After isolating the decision to be made, the next step is to gather _____
14. Taking steps to support those with protected characteristics to overcome barriers to participation so they have the same chances as everyone else.
15. What is the first step that should be followed when studying tables, charts, and graphs?
16. The process of talking to other people about their jobs is called:
17. Managers who exhibit bounded rationality are likely to be
18. The things you enjoy and want to learn more about.
19. You can earn a higher wage rate by
20. Non-financial information that management might evaluate in making a decision would not include..
21. Which of the following is a decision making tool that rates each alternative?
22. Unstructured problems are _____
23. The source of data to serve as inputs in incremental analysis is generated by..
24. What does "brand loyalty" mean?
25. The stars-and-stripes flag is an example of which of the following cultural elements?
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