This quiz works best with JavaScript enabled. Home > Decision Making > Information For Decision Making > Information For Decision Making – Quiz 20 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Information For Decision Making Quiz 20 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. A range is always expressed as A) A single number. B) Two numbers. C) A series of numbers. D) Ratio. Show Answer Correct Answer: B) Two numbers. 2. Using the PACED decision-making model, which alternative will not be a reasonable solution to the problem of where to eat dinner? A) Bread and Butter. B) Fuji. C) Sonic. D) Shoe Carnival. Show Answer Correct Answer: D) Shoe Carnival. 3. A sign or indication that something appears to be a problem is A) An alternative. B) A symptom. C) A solution. D) A problem-solving process. Show Answer Correct Answer: B) A symptom. 4. Which of the following stages in the family life cycle does a family typically downsize their house? A) Newlywed. B) Early parenthood. C) Late parenthood. D) Retirement. Show Answer Correct Answer: D) Retirement. 5. Based on your analysis of all possible options, ..... the best option and act on it. A) Discover. B) Choose. C) Modify. D) Present. Show Answer Correct Answer: B) Choose. 6. Which is the best definition for opportunity cost? A) Giving up one item for another. B) Buying and using two items. C) Using butter and margarine. D) Having multiple items at the same time. Show Answer Correct Answer: A) Giving up one item for another. 7. An example of a want: A) Food. B) Shelter. C) Water. D) X-box 360. Show Answer Correct Answer: D) X-box 360. 8. The functional area of business with the most extensive use of mathematics is A) Accounting and finance. B) Marketing. C) Production and operations. D) Human resources. Show Answer Correct Answer: A) Accounting and finance. 9. When making the decision, you should consider your ..... A) Values. B) Decision. C) Problem. D) Mother. Show Answer Correct Answer: A) Values. 10. Steps in the buyer decision process are ..... skipped. A) Never. B) Rarely. C) Often. D) Always. Show Answer Correct Answer: C) Often. 11. The first step in the decision making process is A) List your options. B) Define the problem. C) Evaluate your choice. D) Weigh the consequences. Show Answer Correct Answer: B) Define the problem. 12. A good data scientist should? A) Be sceptical. B) Use complicated models. C) Only use big data. D) Calculate confidence intervals. Show Answer Correct Answer: A) Be sceptical. 13. When a conflict arises you sometimes have to make a(n): A) Start goal-setting. B) Compromise. C) Quit. D) Get over yourself. Show Answer Correct Answer: B) Compromise. 14. Which of the following is considered as best decision making approach? A) Expert system approach. B) Devil's advocate approach. C) Dialectical inquiry approach. D) External analysis approach. Show Answer Correct Answer: C) Dialectical inquiry approach. 15. The style of a manager who has a deep concern for employees as individuals, likes to talk to people one on one and understand their feelings A) Directive style. B) Analytical sytle. C) Conceptual style. D) Behavioral style. Show Answer Correct Answer: D) Behavioral style. 16. What is the sixth and last process in decision making? A) Identifying Decision Criteria; Weighting Criteria. B) Developing Alternatives; Analyzing Alternatives. C) Weighting Criteria; Developing Alternatives. D) Selecting the Best Alternative; Implementing the Decision. Show Answer Correct Answer: D) Selecting the Best Alternative; Implementing the Decision. 17. Which one of the following is pictured atop the hierarchical pyramid? A) Employees. B) Executive. C) Upper management. D) Management. Show Answer Correct Answer: B) Executive. 18. Jana finally decides which sport she is going to sign up for in the Spring. What step is this in the decision-making model? A) Step 2-consider your options. B) Step 3-Consider the consequences. C) Step 4-Identify your values. D) Step 5-Decide and act. Show Answer Correct Answer: D) Step 5-Decide and act. 19. A person's principles of standards of behavior; one's judgment of what is important in life A) Priorities. B) Values. C) Escape. D) Expectations. Show Answer Correct Answer: B) Values. 20. The achievement of a goal A) Values. B) Success. C) Evaluate. D) Decision making. Show Answer Correct Answer: B) Success. ← 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