This quiz works best with JavaScript enabled. Home > Decision Making > Information For Decision Making > Information For Decision Making – Quiz 2 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Information For Decision Making Quiz 2 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which part of the buyer decision is most closely aligned with Maslow's hierarchy? A) Purchase decision. B) Evaluation of alternatives. C) Need recognition. D) Post-purchase behavior. Show Answer Correct Answer: C) Need recognition. 2. When the decision making situation has certain limitations A) Rationality. B) Bounded Rationality. C) Risky. D) Ambiguous. Show Answer Correct Answer: B) Bounded Rationality. 3. Intuition decision making is based on A) Manager's past experiences. B) Manager's feelings or emotions. C) Manager makes decision on ethical values/culture. D) All of the above. Show Answer Correct Answer: D) All of the above. 4. An act of making a choice or coming to a solution is a ....., A) Precaution. B) Problem. C) Decision. D) Conclusion. Show Answer Correct Answer: C) Decision. 5. In order for information to be relevant, the decision to be made must have an effect on: A) Future cost or revenues. B) Past cost or revenues. C) The timeliness of information. D) None of above. Show Answer Correct Answer: A) Future cost or revenues. 6. Which of the following is an 'Operational' decision? A) Sack the entire Marketing department. B) Refill water fountain in the staff room. C) Introduce a new line of products. D) None of above. Show Answer Correct Answer: B) Refill water fountain in the staff room. 7. A decision tree model is used when making decisions in conditions A) Certainty. B) Uncertainty. C) Ambiguity. D) Risk. Show Answer Correct Answer: D) Risk. 8. Decision Making A) Consequence. B) Theprocess of arriving at a conclusion or solution, or making a choice. C) Describing an alternative. D) None of above. Show Answer Correct Answer: B) Theprocess of arriving at a conclusion or solution, or making a choice. 9. Today many top companies make key decisions by using A) Entry level managers. B) Decision-making software. C) Teams. D) None of the above. Show Answer Correct Answer: C) Teams. 10. Procrastination is a decision making strategy in which a person does which of the following? A) Let someone else make the decision. B) Consider every possible option. C) Delay making a decision. D) Pick the option with the lowest level of risk. Show Answer Correct Answer: C) Delay making a decision. 11. Which of the following is an example of an organizing activity? A) Monitoring employees' work. B) Dividing employees into work teams. C) Creating an operating budget. D) Enrolling in management courses. Show Answer Correct Answer: B) Dividing employees into work teams. 12. The Noncontrolled and controlled information source are part of which step A) Need recognition. B) Information search. C) Evaluation of Alternatives and Purchase. D) None of the above. Show Answer Correct Answer: B) Information search. 13. A manager being sent a report which contains codes they do not understand is an example of information not being ..... A) Complete. B) Understandable. C) Accurate. D) Up To Date. Show Answer Correct Answer: B) Understandable. 14. Good managers make decisions A) Rationally. B) Intuitively. C) Both a and b. D) None. Show Answer Correct Answer: C) Both a and b. 15. Which of the following factors is not influenced by values? A) Individual's choice of friends. B) Individual's financial decisions. C) Individual's life cycle position. D) Individual's daily decisions. Show Answer Correct Answer: C) Individual's life cycle position. 16. Includes others in the decision making, even if an individual must make the final decision. A) Perspective, alternatives. B) Clarifies, solutions, evaluates, implements. C) Participative decision-making. D) Systematic. Show Answer Correct Answer: C) Participative decision-making. 17. Marketers need to understand the ..... consumers go through to evaluate alternatives. A) Choices. B) Research. C) Steps. D) Experiences. Show Answer Correct Answer: C) Steps. 18. Decision-making strategy in which you go with your first reaction A) Escape. B) Impulse. C) Agony. D) None of above. Show Answer Correct Answer: B) Impulse. 19. Which of the following is the most enduring judgment of good or bad? A) Opinion. B) Value. C) Belief. D) None of above. Show Answer Correct Answer: B) Value. 20. A person with good decision-making skills: A) Waits until the problem has been defined by others. B) Evaluates all the information before making the decision. C) Always makes the right decision. D) Makes decisions based on feelings. Show Answer Correct Answer: B) Evaluates all the information before making the decision. ← PreviousNext →Related QuizzesDecision Making QuizzesInformation For Decision Making Quiz 1Information 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 9Information For Decision Making Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books