Information For Decision Making Quiz 8 (25 MCQs)

Quiz Instructions:

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1. Which of these is not part of the decision making process?

2. High heuristic validity

3. Which term best characterizes a decision that has bounded rationality?

4. Step 1 in the decision making process

5. Consumers make three types of purchases: _____, Repeat Purchases and Long Term Commitment Purchases.

6. Payables are the value of:

7. To stop developing, growing, progressing or advancing

8. Even the most creative manager might find it difficult to be effective if his/her boss were too

9. Which if the following is considered external stimuli?

10. The result that a person aims for and works hard to reach is called _____

11. Which of the following would be a relevant cost that would need to be considered for pricing a special order?

12. CONSUMER BEHAVIOUR talks about how consumers make purchase decisions, _____ and dispose of products.

13. When you have enough information, _____ your choices.

14. Successful managers are

15. Uses estimates and probabilities to calculate likely outcomes and helps to decide whether the net gain from a decision is worthwhile

16. Your potential for learning a certain skill

17. Having a group spontaneously suggest a broad range of alternatives for making a decision

18. What occurs once in every minute, twice in every moment, yet never in a thousand years?

19. What information condition lies between certainty and uncertainty in making decisions?

20. This type of question is basically about what is happening.

21. A decision maker's actions should be guided by _____

22. When making decisions, a person should try to avoid which of the following?

23. The last step in your decision making process should be

24. Studies on topics such as the supply and demand of labor and employee motivation would most likely be examples of

25. A Consensus-Based decision-making style should be used for _____ decisions.