This quiz works best with JavaScript enabled. Home > Decision Making > Information For Decision Making > Information For Decision Making – Quiz 18 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Information For Decision Making Quiz 18 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. How many steps are in the Simon's decision making process? A) Eight. B) Seven. C) Six. D) Five. Show Answer Correct Answer: B) Seven. 2. In making decisions, managers must first recognize the importance of ..... and not make decisions that are either too hasty or too delayed. A) Finances. B) Timing. C) Information. D) None of above. Show Answer Correct Answer: B) Timing. 3. Why is there no such thing as a free lunch? A) You could choke on the free hamburger and have to go to the hospital. B) You must pay for everything you eat. C) Every choice involves an opportunity cost. D) There is plenty of food for everyone. Show Answer Correct Answer: C) Every choice involves an opportunity cost. 4. The first step in making a decision is to know your personal ..... A) Worth. B) Opinions. C) Values. D) None of above. Show Answer Correct Answer: C) Values. 5. Choices that are consistent and value-maximizing within specified constraints. A) Rational Model. B) Bounded Rationality. C) Intuitive Decision Making. D) None of above. Show Answer Correct Answer: A) Rational Model. 6. Who said: "E-mail has some magical ability to turn off the politeness gene in a human being." A) Jeff Bezos. B) Elon Musk. C) Bill Gates. D) Karren Brady. Show Answer Correct Answer: A) Jeff Bezos. 7. When a managers has his/her subordinates to come up with as many different ideas as possible to help solve a problem he/she is using which technique? A) Brainstorming. B) Rational decision-making. C) Intuitive decision making. D) Team decision making. Show Answer Correct Answer: A) Brainstorming. 8. Developing a thorough plan of action prior to deciding what to do is called a ..... A) Complaint. B) Comparison Shopping. C) Decision-making Process. D) Budget. Show Answer Correct Answer: C) Decision-making Process. 9. A good decision is ..... A) Well thought out. B) Made quickly. C) Always the easiest to make. D) One that makes everyone happy. Show Answer Correct Answer: A) Well thought out. 10. What is the fourth and fifth process in decision making? A) Weighting Criteria; Developing Alternatives. B) Identifying Decision Criteria; Weighting Criteria. C) Developing Alternatives; Analyzing Alternatives. D) Identifying a Decision Problem; Identifying Decision Criteria. Show Answer Correct Answer: C) Developing Alternatives; Analyzing Alternatives. 11. Two start ups in the same industry plan to merge their assets and human capital to maximize their presence in the market. This planning is an example of A) Tactical planning. B) Operational Planning. C) Strategic planning. D) No planning needed. Merging is always good choice. Show Answer Correct Answer: C) Strategic planning. 12. What would not be an opportunity cost of spending your weekend sleeping? A) Getting plenty of sleep. B) Buying new clothes at the mall. C) Spending time with your friends. D) Getting exercise at the gym. Show Answer Correct Answer: A) Getting plenty of sleep. 13. In the employee evaluation, the section that tells what should be done is called the: A) Scope. B) Conclusion. C) Recommendation. D) Appendices. Show Answer Correct Answer: C) Recommendation. 14. The collected facts and figures. A) Information. B) Database. C) Data. D) Metrics. Show Answer Correct Answer: C) Data. 15. To practice within their full scope of practice of the profession it may require that individuals? or? their knowledge skills or competence. A) Update, increase. B) Retrain, downgrade. C) Don't change, refrain. D) None of above. Show Answer Correct Answer: A) Update, increase. 16. Compared to fully rational decision making, what is a major advantage of intuitive decision making? A) Thoroughness. B) Speed. C) Total reliability. D) Fully quantified. Show Answer Correct Answer: A) Thoroughness. 17. Which one of the following is the process by the employer and a union to resolve differences? A) Strike. B) Walkout. C) Cooling-off period. D) Collective bargaining. Show Answer Correct Answer: D) Collective bargaining. 18. Buying the same brand of goods is a result of which of the following types of information searching? A) Internal searching. B) External searching. C) Basic searching. D) Extensive searching. Show Answer Correct Answer: A) Internal searching. 19. Which type of visual aid should be in a document to show detailed information and exact figures? A) Photograph. B) Legend. C) Flowchart. D) Table. Show Answer Correct Answer: D) Table. 20. What is the first of the 6 steps in the rational decision make process? A) Planning how to go about making a decision. B) Collecting the information to make a well-informed decision. C) Identifying several possible decision options. D) Recognizing the need for a decision. Show Answer Correct Answer: D) Recognizing the need for a decision. ← 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