This quiz works best with JavaScript enabled. Home > Decision Making > Information For Decision Making > Information For Decision Making – Quiz 16 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Information For Decision Making Quiz 16 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The feeling that you should do something you wouldn't normally do because people your age want you to A) Values. B) Peer pressure. C) Decision making. D) Options. Show Answer Correct Answer: B) Peer pressure. 2. The step in the decision-making process in which managers analyze underlying causal factors associated with the decision situation. A) Opportunity. B) Diagnosis. C) Risk propensity. D) Implementation. Show Answer Correct Answer: B) Diagnosis. 3. Allison would like to bake a cake but realized she is out of milk. Which of the following stages of the consumer decision making process is this an example of? A) Need identification. B) Information searching. C) Alternative evaluation. D) Purchase decision. Show Answer Correct Answer: A) Need identification. 4. Thought process of a purchasing decision A) Cognitive dissonance. B) Consumer Decision Making. C) Target Market. D) None of above. Show Answer Correct Answer: B) Consumer Decision Making. 5. What is the last step in the decision making process? A) Measure consequences. B) Evaluate the decision. C) Execute the decision. D) Share your decision with friends. Show Answer Correct Answer: B) Evaluate the decision. 6. Consumer spending is likely to rise when: A) Unemployment is high. B) Interest rates are low. C) Taxes rise. D) . people are putting more money into savings accounts. Show Answer Correct Answer: B) Interest rates are low. 7. A choice made from available alternatives A) Decision. B) Risk. C) Certainty. D) Ambiguity. Show Answer Correct Answer: A) Decision. 8. Purchasing a home is an example of a/an ..... A) Major decision. B) Routine decision. C) Informed decision. D) Impulsive decision. Show Answer Correct Answer: A) Major decision. 9. A Democratic decision-making style is best used for low ..... and low to medium ..... decisions. A) Impact; risk. B) Value; risk. C) Risk; visibility. D) Risk; urgency. Show Answer Correct Answer: D) Risk; urgency. 10. Which would be the first step in the decision making process? A) Evaluation. B) Implementation. C) Recognition of a problem or decision requirement. D) List the alternatives. Show Answer Correct Answer: C) Recognition of a problem or decision requirement. 11. Decisions that recur infrequently and have no decision rules are ..... decisions A) Certain. B) Risk. C) Programmed. D) Nonprogrammed. Show Answer Correct Answer: D) Nonprogrammed. 12. Who would usually make organisational decisions? A) Chairman. B) Lower Management. C) Middle Management. D) None of above. Show Answer Correct Answer: B) Lower Management. 13. The ..... style focuses on a large amount of information but arrives at one alternative or solution. A) Trial and error. B) Controlled. C) Hierarchic. D) Flexible. Show Answer Correct Answer: C) Hierarchic. 14. What finds the inputs necessary to achieve a goal, such as a desired level of output? A) Drill-down. B) Sensitivity analysis. C) What-if analysis. D) Goal-seeking analysis. Show Answer Correct Answer: D) Goal-seeking analysis. 15. A ..... is a procedure used to evaluate the work and accomplishment of an employee and provide feedback on performance. A) Performance Review. B) Work Schedules. C) Work Coach. D) Management Principles. Show Answer Correct Answer: A) Performance Review. 16. Consumers reduce dissonance by: A) Seeking information that reinforces the purchase decision. B) Avoiding information that contradicts the purchase decision. C) Revoking the original decision by returning the product. D) All of the above. Show Answer Correct Answer: D) All of the above. 17. Condition in which goal is unclear, alternatives are hard to define and info on outcomes is unavialable A) Decision. B) Risk. C) Certainty. D) Ambiguity. Show Answer Correct Answer: D) Ambiguity. 18. Having too many products in inventory: A) Usually causes a company to loose sales. B) Increases employment. C) Decreases cost. D) Increases the risk that the products will become outdated before they are sold. Show Answer Correct Answer: D) Increases the risk that the products will become outdated before they are sold. 19. Who Said: "The business of business should not just be about money, it should be about responsibility. It should be about public good, not private greed." A) Jeff Bezos. B) Anita Roddick. C) Oprah Winfrey. D) Karren Brady. Show Answer Correct Answer: B) Anita Roddick. 20. Our values and behaviors are influenced by our family, friends, culture, media, ....., and ..... A) School, community. B) Eating, drinking habits. C) Time, space. D) None of above. Show Answer Correct Answer: A) School, community. ← 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