This quiz works best with JavaScript enabled. Home > Decision Making > Information For Decision Making > Information For Decision Making – Quiz 14 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Information For Decision Making Quiz 14 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. When making a decision, you first have to define the A) Problem. B) Solutions. C) Decision. D) Option. Show Answer Correct Answer: A) Problem. 2. What is the FIRST step of the decision-making process? A) Make a plan!. B) Make a decision. C) Determine need or want. D) Evaluate choices. Show Answer Correct Answer: C) Determine need or want. 3. What functional area maintains the recording and listing of plant equiptment? A) Maintenance. B) Operations. C) Capital assets. D) Accounting. Show Answer Correct Answer: D) Accounting. 4. Researchers have identified 3 specific levels of consumer decision making:Routinized Response Behaviour, Limited Problem Solving, and ..... A) Decision Problem Solving. B) Considered Problem Solving. C) Extensive Problem Solving,. D) Intensive Problem Solving. Show Answer Correct Answer: C) Extensive Problem Solving,. 5. Decision making is ..... A) Finding the answer to a question. B) Fixing problems that arise in the operations of the business. C) Choosing one alternative from among several. D) Motivating employees to pursue organizational goals. Show Answer Correct Answer: C) Choosing one alternative from among several. 6. What is a primary concern of storing data? A) Size of files. B) Physical location of servers. C) Hadoop clusters. D) Data Safety and Privacy. Show Answer Correct Answer: D) Data Safety and Privacy. 7. Which kind of desicion making conditions means that a decision has clear-cut goals and that good information is available, but the future outcomes associated with each alternative are subject to chance? A) Certainty. B) Risk. C) Uncertainty. D) Ambiguity. Show Answer Correct Answer: B) Risk. 8. What can a model accomplish? A) Calculate risks. B) Understand uncertainty. C) Manipulate time. D) All of the above. Show Answer Correct Answer: D) All of the above. 9. If a supervisor spends a little time helping an employee improve his or her work procedures, that employee will most likely A) Move into management. B) Resent the supervisor. C) Value the support. D) Become less productive. Show Answer Correct Answer: C) Value the support. 10. The fourth step of the decision making process is A) Gather information. B) Identify your options. C) Make a decision. D) Analyze your resources. Show Answer Correct Answer: A) Gather information. 11. Which of the following is a strategy for responsible decision making? A) Listing alternative decisions. B) Procrastination. C) Impulse decisions. D) Doing it on your own. Show Answer Correct Answer: A) Listing alternative decisions. 12. Which of the following is a quantitative model typically used by a DSS? A) Sensitivity analysis. B) What-if analysis. C) Goal-seeking analysis. D) All of the above. Show Answer Correct Answer: D) All of the above. 13. ..... are the fundamental guidelines for the decisions and actions of managers. A) Controlling. B) Executives. C) Management Principles. D) Planning. Show Answer Correct Answer: C) Management Principles. 14. The process of evaluating financial data that change under alternative courses of action is called.. A) Double entry analysis. B) Contribution margin analysis. C) Incremental analysis. D) Cost-benefit analysis. Show Answer Correct Answer: C) Incremental analysis. 15. A student who is trying to decide which career to choose is making which kind of decision? A) Minor. B) Routine. C) Major. D) Regular. Show Answer Correct Answer: C) Major. 16. A consequence is A) Something bad. B) A reward you can get. C) A punishment. D) The result of an action. Show Answer Correct Answer: D) The result of an action. 17. There are 3 types evaluating potential alternatives from consumers ..... A) The Evoked, The Inept, The Inert. B) The Evoked, The Inept, The Instinc. C) The Evoked, The Inept, The Avoid. D) The Disposed, The Inept, The Inert. Show Answer Correct Answer: A) The Evoked, The Inept, The Inert. 18. Situations requiring ..... decisions frequently represent new experiences for the nurse. They require more judgment or the "cognitive or thinking aspects of the decision-making process" A) Programmed. B) Nonprogrammed. C) Decision making. D) Uncontrolled. Show Answer Correct Answer: B) Nonprogrammed. 19. What is the study of the impact that changes in one (or more) parts of the model have on other parts of the model? A) Drill-down. B) Sensitivity analysis. C) Statistical analysis. D) Goal-seeking analysis. Show Answer Correct Answer: B) Sensitivity analysis. 20. You are more likely to notice a car like your own due to ..... A) Self-serving bias. B) Contrast Effect. C) Selective Perception. D) Halo Effect. Show Answer Correct Answer: C) Selective Perception. ← 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