This quiz works best with JavaScript enabled. Home > Decision Making > Information For Decision Making > Information For Decision Making – Quiz 13 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Information For Decision Making Quiz 13 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which is a need? A) IPhone. B) Medication. C) Coffee. D) Ray-Ban sunglasses. Show Answer Correct Answer: B) Medication. 2. Which of the following is characteristic of well-structured problems? A) They are unusual, never encountered before. B) They are complex, high degree of uncertainty. C) The existing state and desired state are understood. D) They often entail high risk. Show Answer Correct Answer: C) The existing state and desired state are understood. 3. ..... describes when decision makers fixate on initial information-such as first impressions, ideas, prices, and estimates-and then fail to adequately adjust for subsequent information. A) Confirmation bias. B) The framing bias. C) The anchoring effect. D) Selective perception. Show Answer Correct Answer: C) The anchoring effect. 4. ..... is the tendency for decision makers to falsely believe that they would have accurately predicted the outcome of an event once that outcome is actually known ( I knew it all along). A) The randomness bias. B) The sunk costs error. C) Self-serving bias. D) The hindsight bias. Show Answer Correct Answer: D) The hindsight bias. 5. Intuitive, automatic, emotional A) System 1. B) System 2. C) Anchoring bias. D) Heuristics. Show Answer Correct Answer: A) System 1. 6. When reading a magazine, Lisa pays attention to some ads but ignores the others. Which of the following types of selective perception is this an example of? A) Selective exposure. B) Selective attention. C) Selective comprehension. D) Selective hearing. Show Answer Correct Answer: B) Selective attention. 7. The process of making a choice or solving a problem. A) Experience. B) Decision Making. C) Values. D) Integrity. Show Answer Correct Answer: B) Decision Making. 8. When a manager assigns a problem to several people with different backgrounds is using A) Brainstorming. B) Rational decision-making. C) Intuitive decision making. D) Team decision making. Show Answer Correct Answer: D) Team decision making. 9. Which term is used to identify the tasks to be done, employees assigned to the work, and the time frame for completion of each task? A) Work calendar. B) Work flowchart. C) Work outline. D) Work schedule. Show Answer Correct Answer: D) Work schedule. 10. Brushing your teeth is an example of a/an ..... decision A) Impulsive. B) Routine. C) Major. D) Easy. Show Answer Correct Answer: B) Routine. 11. The process by which managers identify and resolve problems and capitalize on opportunities is referred to as ..... A) Organizing. B) Motivating. C) Decision-making. D) Controlling. Show Answer Correct Answer: C) Decision-making. 12. The owner of Paul's Diner solved the problem of customers experiencing long waits to be seated using which method? A) Osborn's creativity method?. B) The Deming cycle. C) The Pareto diagram. D) PERT. Show Answer Correct Answer: B) The Deming cycle. 13. A trend can be illustrated easily by using a A) Column chart. B) Line graph. C) Pie chart. D) Table. Show Answer Correct Answer: B) Line graph. 14. Which of the following is NOT determined by the personality of a customer? A) Whether the customer is a practical shopper. B) Whether the customer is loyal to certain brands. C) Whether the customer tends to use coupons. D) Whether the customer has awareness of the product. Show Answer Correct Answer: D) Whether the customer has awareness of the product. 15. A ..... model is used when making decisions between two alternatives A) PERT. B) SWOT. C) Decision Matrix. D) Decision Tree. Show Answer Correct Answer: D) Decision Tree. 16. Considering alternatives means A) Exploring all the options open to you and weight the advantages and the disadvantages. B) Exploring a two the options open to you and weight the advantages and the disadvantages. C) Making a different decision. D) Making no decision. Show Answer Correct Answer: A) Exploring all the options open to you and weight the advantages and the disadvantages. 17. Buy-in is a critical aspect of making a(n) ..... decision. A) Democratic. B) Consensus-based. C) Participatory. D) Autocratic. Show Answer Correct Answer: B) Consensus-based. 18. ..... is a systematic way to explore the consequences of specific choices using computer software. A) Contingency Plan. B) What-if-analysis. C) Symptom. D) Problem. Show Answer Correct Answer: B) What-if-analysis. 19. The basic barriers to effective decision making include A) Avoidance. B) Complacency. C) Panic. D) All of these options. Show Answer Correct Answer: D) All of these options. 20. There are two types of prepurchase information search ..... A) Audio & Visual Information Search. B) Manual & Digital Information Search. C) Internal & External Information Search. D) Quantitative & Qualitative Information Search. Show Answer Correct Answer: C) Internal & External Information Search. ← PreviousNext →Related QuizzesDecision Making 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 6Information For Decision Making Quiz 7Information For Decision Making Quiz 8Information For Decision Making Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books