This quiz works best with JavaScript enabled. Home > Accounting > Decision Making > Information For Decision Making > Information For Decision Making – Quiz 6 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Information For Decision Making Quiz 6 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Who is the author of the administrative model? A) Taylor. B) Fayol. C) Druker. D) Simon. Show Answer Correct Answer: D) Simon. 2. Which of the following is NOT a part of critical thinking? A) Consider logical connections between ideas. B) Delay making a decision. C) Consider every possible option. D) Identify relevance. Show Answer Correct Answer: B) Delay making a decision. 3. Which of the following is an example of an unstructured problem? A) Finding the list price of different copy machines. B) Choosing the best wardrobe for an executive. C) Comparing gas mileage for different car models. D) Measuring pollution levels in a power plant. Show Answer Correct Answer: D) Measuring pollution levels in a power plant. 4. When a decision is made by an entire group that includes a manager and subordinate with management style is being employed. A) Leading. B) Autocratic. C) Accommodating. D) Collaborative. Show Answer Correct Answer: C) Accommodating. 5. The larger the gap between expectations and performance, the more ..... the consumer is likely to be. A) Satisfied. B) Cautious. C) Dissatisfied. D) Impressed. Show Answer Correct Answer: C) Dissatisfied. 6. Lean manufacturing is defined best by which one of the following? A) Reduced number of facilities. B) Small inventory balance. C) Reduced material cost of parts. D) Quick delivery. Show Answer Correct Answer: B) Small inventory balance. 7. This decision making model describes "The process includes the consideration of alternative decisions, so all possible courses of action are included and the business will undertake a full analysis before making any decisions" . A) Scientific. B) Strategic. C) Operational. D) Intuitive. Show Answer Correct Answer: A) Scientific. 8. The fifth step of the decison making process is A) Define your needs and wants. B) Evaluate your options. C) Plan how to reach your goal. D) Identify your options. Show Answer Correct Answer: B) Evaluate your options. 9. People need to be convinced to trust data as well as informed recommendations. Without a desire to change, most people will revert to their preferred approach. A) Sometimes. B) Maybe. C) True. D) False. Show Answer Correct Answer: C) True. 10. The style of a manager who prefers simple, clear-cut solutions. Tend to make decisions quickly and may only consider one or two alternatives. A) Analytical sytle. B) Directive style. C) Behavioral style. D) Conceptual style. Show Answer Correct Answer: B) Directive style. 11. Which of the following will result in an adverse variance? A) Actual expenditure on fuel lower than in the budget. B) Actual raw material costs higher than the budgeted figure. C) Sales revenue actually received greater than in the budget. D) Budgeted wages less than actual wages. Show Answer Correct Answer: B) Actual raw material costs higher than the budgeted figure. 12. Generally, what time period are 'tactical' decisions made for? A) Every second. B) +10 years. C) Hourly. D) 12 months. Show Answer Correct Answer: D) 12 months. 13. One advantage of group decision making is that it usually provides ..... than individual decision making. A) More information. B) Faster decisions. C) Less confusion. D) More ethical decisions. Show Answer Correct Answer: A) More information. 14. Which of the following sources of finance is used primarily for short-term uses? A) Share capital. B) Debt factoring. C) Sale of buildings. D) Venture capital. Show Answer Correct Answer: B) Debt factoring. 15. Decision-making strategy in which you choose the alternative with the lowest level of risk A) Play it Safe. B) Escape. C) Trade Off. D) None of above. Show Answer Correct Answer: A) Play it Safe. 16. What a person gives up when making a decision is commonly called: A) The time value of money. B) A personal risk. C) Spontaneity. D) An opportunity cost. Show Answer Correct Answer: D) An opportunity cost. 17. A key idea in the decision making process is to ..... before you act. A) Think. B) Wait. C) Eat. D) None of above. Show Answer Correct Answer: A) Think. 18. Groups to which an individual looks as a source of personal standards A) Reference Group. B) Family. C) Target Market. D) None of above. Show Answer Correct Answer: A) Reference Group. 19. Who would usually make tactical decisions within an organisation? A) Middle management. B) Cleaners. C) CEO. D) None of above. Show Answer Correct Answer: A) Middle management. 20. ..... are choices most people make automatically about everyday matters. A) Major decisions. B) Expected decisions. C) Impulsive decisions. D) Routine decisions. Show Answer Correct Answer: D) Routine decisions. 21. Which one of the following is not one of the seven steps to a decision A) Define your needs and wants. B) Gather information. C) Wish for luck. D) Make a decision. Show Answer Correct Answer: C) Wish for luck. 22. Discovering the strengths, weaknesses, threats and opportunities is a decision making process commonly referred to as: A) Choices. B) PERT Chart. C) S.W.O.T. Analysis. D) Decision Tree. Show Answer Correct Answer: C) S.W.O.T. Analysis. 23. Pollution standards for a business are regulated by the: A) EEOC. B) FDA. C) USDA. D) EPA. Show Answer Correct Answer: D) EPA. 24. What decision making model can "Often be complex and may result in major organisational change internal to the business or in the markets" A) Tactical. B) Scientific. C) Operational. D) Intuitive. Show Answer Correct Answer: A) Tactical. 25. Nurses actively use ..... ..... in a variety of situations, particularly during planning client care, planning the work day, and planning to whom tasks can be delegated. A) Experience, intuition. B) Brainstorming. C) Decision making. D) Focus, Client, work. Show Answer Correct Answer: C) Decision making. 26. What is your basic oulook on life? A) Personality. B) Value. C) Decisons. D) Attitude. Show Answer Correct Answer: D) Attitude. 27. Which one of these is NOT a decision-making style? A) Participatory. B) Autocratic. C) Democratic. D) Directorial. Show Answer Correct Answer: D) Directorial. 28. Which of these is not part of the decision making process? A) Agonize. B) Evaluate the results. C) Gather information. D) Consider the consequences. Show Answer Correct Answer: A) Agonize. 29. High heuristic validity A) Applicable to many populations. B) Applicable to many areas in practical ways. C) Applicable to many theories. D) Applicable to many environments. Show Answer Correct Answer: B) Applicable to many areas in practical ways. 30. Which term best characterizes a decision that has bounded rationality? A) Virtually perfect. B) Rigorous and comprehensive. C) Not good enough. D) Just good enough. Show Answer Correct Answer: D) Just good enough. ← PreviousNext →Related QuizzesDecision Making QuizzesAccounting QuizzesInformation For Decision Making Quiz 1Information For Decision Making Quiz 2Information For Decision Making Quiz 3Information For Decision Making Quiz 4Information For Decision Making Quiz 5Information For Decision Making Quiz 7Information For Decision Making Quiz 8Information For Decision Making Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books