Global MCQ Practice

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Information For Decision Making Quiz 6 (25 MCQs)

Quiz Instructions:

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1. The name of the model involving System 1 & 2
2. Managers encourage creativity in their staff through
3. What is a special-purpose knowledge-based information system that accomplishes specific tasks on behalf of its users?
4. Decision makers exhibiting _____ take credit for their successes and blame failures on outside factors.
5. Generally, a _____ is a difficult situation requiring a solution
6. A person who satisfices fails to _____
7. People, places, or information you may use t make a decision or achieve goal
8. Decision-making strategy in which you hand over control or let someone else decide
9. _____ and social values most affect decision making.
10. You purchased baseball tickets last month when your team was doing well. You paid $ 75 for the non-refundable tickets. The team is doing poorly and a friend offered you $ 30 for the ticket. The opportunity cost of going to the game is
11. An unwillingness to give up something now in return for something later.
12. Which of the following is NOT a sign of well-constructed clothing?
13. What is one of the mentioned methods for problem solving?
14. Which of the following represents market basket analysis?
15. Economic is baout:
16. Which of the following defines a problem in the decision-making process?
17. A thing which is regarded as more important than others
18. These are the things we desire to have.
19. Which of the following is a 'Strategic' decision?
20. Redirecting resources from one area to another is called _____
21. Investments that may be difficult to convert to cash quickly have a high _____ risk.
22. Participatory decision-making reduces the _____ of the decision. in TRUE or FALSE
23. Decision-making strategy in which you delay making the decision until someone else makes the decision or until options disappear; deciding "by default"
24. Who is the author of the administrative model?
25. Which of the following is NOT a part of critical thinking?
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