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Information For Decision Making Quiz 9 (25 MCQs)

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1. Which of the following is NOT an emotional block which hinders decision making?
2. What is always the question to ask to determine if revenues or costs are relevant?
3. Almost all major purchases result in some degree of _____ caused by post-purchase conflict
4. The moral beliefs that guide the way a person lives.
5. Generally, what time period are operational decisions made for?
6. Consumers have already established the basic criteria for evaluating the product category but haven't established preferred categories _____
7. What field of study is concerned with planning physical layout, furnishings, and equipment for a business environment and analyzes for maximum efficiency.
8. Internal users are _____
9. Managers who make bad decisions because they don't want to shake things up or investigate new options are
10. Strategy in which a person hands over control or lets someone else decide
11. When the _____ is there, employees naturally use data and insights to support their decisions and improve business performance.
12. When a manager makes a decision all alone, what type of style is this?
13. The decision making process involves using your _____
14. Which of the following should not be considered for every option in the decision process?
15. Strategy in which a person chooses the alternative with the lowest level of risk
16. In make or buy decision, qualitative factors that should be in consideration is: _____
17. Some months have 31 days. How many have 28?
18. The book value of an asset such as equipment is an example of:
19. A process for identifying and furthering an organization's mission is called:
20. The formula for calculating break-even output is:
21. The final step in the problem-solving process is to
22. Which of the following information about a car does CARFAX.com NOT provide?
23. Consistency in policy development and enforcement in practices is called:
24. Rational decision making is best used
25. Humans are cognitive misers
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