This quiz works best with JavaScript enabled. Home > Decision Making > Information For Decision Making > Information For Decision Making – Quiz 15 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Information For Decision Making Quiz 15 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. A decision making model based on the assumption that managers should make logical decisions that will be in the organization's best economic interests is A) Administrative model. B) Classical model. C) Political model. D) None of above. Show Answer Correct Answer: B) Classical model. 2. Incremental analysis is synonymous with.. A) Difficult analysis. B) Derivative analysis. C) Gross profit analysis. D) Differential analysis. Show Answer Correct Answer: D) Differential analysis. 3. Which one of the following is NOT one of the functions of management? A) Controlling. B) Organizing. C) Evaluating. D) Planning. Show Answer Correct Answer: C) Evaluating. 4. This kind of questions not only ask why it happens but also provide recommendations regarding actions that will take. A) Descriptive. B) Predictive. C) Prescriptive. D) Transcriptive. Show Answer Correct Answer: C) Prescriptive. 5. A choice that you make about a situation in your life A) Left brain. B) Decision. C) Perspective. D) Decision making model. Show Answer Correct Answer: B) Decision. 6. Who said:The world is divided into three types of people in business:those who make things happen, those who watch things happen, and those who wonder what happened. A) Jeff Bezos. B) Elon Musk. C) Bill Gates. D) Karren Brady. Show Answer Correct Answer: D) Karren Brady. 7. Changes in the buying power of the dollar are measured by: A) The unemployment rate. B) The money supply. C) The consumer price index. D) Interest rates. Show Answer Correct Answer: C) The consumer price index. 8. Combination of surroundings, conditions or influences A) Impulse. B) Environment. C) Spacial reference. D) Values. Show Answer Correct Answer: B) Environment. 9. While processing data, what factors can lead to errors? A) Renaming variables. B) Human error. C) Over fitting. D) Synchronizing the database. Show Answer Correct Answer: B) Human error. 10. A decision that is made on a hunch is said to be a(n) ..... decision. A) Team. B) Rational. C) Intuitive. D) International. Show Answer Correct Answer: C) Intuitive. 11. Post-purchase anxiety caused by the doubt of whether a correct purchase decision has been made. A) Internal Search. B) Perception. C) Cognitive Dissonance. D) None of above. Show Answer Correct Answer: C) Cognitive Dissonance. 12. Being asked to develop a plan to increase international sales of a product is an example of the types of ..... problems that managers must be prepared to deal with. A) Routine. B) Unstructured. C) Crisis. D) Structured. Show Answer Correct Answer: B) Unstructured. 13. The first step of decision making is A) List your options. B) Outline the consequences. C) Identify the problem. D) Make the decision. Show Answer Correct Answer: C) Identify the problem. 14. A decision made in response to a situation that is unique, is poorly defined and unstructured, and has important consequences A) Nonprogrammed decision. B) Programmed decision. C) Rational decision. D) Classical decision. Show Answer Correct Answer: A) Nonprogrammed decision. 15. What are various commercial applications of artificial intelligence? A) Drill-down. B) Sensitivity analysis. C) Digital dashboard. D) Intelligent system. Show Answer Correct Answer: D) Intelligent system. 16. Where can a car buyer find the value of a particular model? A) Kelley Blue Book (KBB). B) Underwriter's Laboratories (UL). C) Better Business Bureau (BBB). D) American Auto Association (AAA). Show Answer Correct Answer: A) Kelley Blue Book (KBB). 17. A ..... is something that happens as a result of a particular action or set of conditions A) Technology. B) Warranty. C) Resource. D) Consequence. Show Answer Correct Answer: D) Consequence. 18. Which best describes System 2? A) Slow, long. B) Often incorrect. C) Quick, intuitive. D) Deliberate, effortful. Show Answer Correct Answer: D) Deliberate, effortful. 19. Decision making is most affected by A) A manager's ability. B) A project's necessity. C) Available time. D) A manager's values. Show Answer Correct Answer: D) A manager's values. 20. Which of the following is a 'Tactical' decision? A) Diversify product offering over the next 10 years. B) Decide on appropriate premises for new stores to be opened. C) Close stores in EU after Brexit. D) None of above. Show Answer Correct Answer: B) Decide on appropriate premises for new stores to be opened. ← 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