This quiz works best with JavaScript enabled. Home > Decision Making > Information For Decision Making > Information For Decision Making – Quiz 5 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Information For Decision Making Quiz 5 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which of the following does NOT affect when people make a purchase? A) Time pressure. B) Discount sales. C) Certain holidays. D) Store atmosphere. Show Answer Correct Answer: D) Store atmosphere. 2. One basis for making programmed decisions is ..... A) A lack of information. B) A set of decision rules. C) Movement. D) Group formation. Show Answer Correct Answer: B) A set of decision rules. 3. The final step of the decision-making process is: A) Evaluating the results. B) Gathering information. C) Identifying the problem. D) Selecting the best course of action. Show Answer Correct Answer: A) Evaluating the results. 4. The act of committing to a choice or coming to a solution is a called ....., A) Creating a Vision. B) Managing Change. C) Decision Making. D) Ending Conclusion. Show Answer Correct Answer: C) Decision Making. 5. ..... is an important choice requiring careful thought because it affects a person's career and personal life A) Routine decision. B) Aggressive decision. C) Major decision. D) Life decision. Show Answer Correct Answer: C) Major decision. 6. When are we more likely to use System 1 thinking? A) When we have practiced something a lot. B) When we have too much information to process. C) When the problem is highly abstract. D) When we need to transfer information from one situation to another. Show Answer Correct Answer: B) When we have too much information to process. 7. What does System-1 thinking do? A) Involves Patience, logic, and effort. B) Quick, automatic, and biased. C) Math solving and arts. D) Involves logic and facts. Show Answer Correct Answer: B) Quick, automatic, and biased. 8. Recognition of an unfulfilled need and develop a product that will satisfy it A) Need recognition. B) Want. C) Stimulus. D) None of above. Show Answer Correct Answer: A) Need recognition. 9. What letter is the only letter that does not appear in the name of a US state? A) Y. B) X. C) Z. D) Q. Show Answer Correct Answer: D) Q. 10. A behavior or a situation that could harm self or others A) Decision. B) Healthful behavior. C) Risky behavior. D) Goal. Show Answer Correct Answer: C) Risky behavior. 11. They often only involve you, and they have few possible negative consequences A) Minor Decisions. B) Major Decisions. C) Prefrontal Cortex. D) Criteria. Show Answer Correct Answer: A) Minor Decisions. 12. After isolating the decision to be made, the next step is to gather ..... A) Multiple opinions. B) Information. C) Your thoughts. D) Family input. Show Answer Correct Answer: B) Information. 13. Taking steps to support those with protected characteristics to overcome barriers to participation so they have the same chances as everyone else. A) Intervention. B) Positive Action. C) Alternative routes. D) Informational vetting. Show Answer Correct Answer: B) Positive Action. 14. What is the first step that should be followed when studying tables, charts, and graphs? A) Read the title carefully. B) Study all of the data carefully. C) Examine the type of data being reported. D) Review the data labels and legends. Show Answer Correct Answer: A) Read the title carefully. 15. The process of talking to other people about their jobs is called: A) Mentoring. B) Pestering. C) Shadowing. D) Networking. Show Answer Correct Answer: D) Networking. 16. Managers who exhibit bounded rationality are likely to be A) Operating under time constraints. B) Limited in their capacity to acquire and process information. C) Subject to cognitive biases. D) All of the above. Show Answer Correct Answer: D) All of the above. 17. The things you enjoy and want to learn more about. A) Interests. B) Goal. C) Values. D) Options. Show Answer Correct Answer: A) Interests. 18. You can earn a higher wage rate by A) Building skills that are scarce in the labor market. B) Working more hours each week. C) Beginning a job immediately after high school. D) Working for your family. Show Answer Correct Answer: A) Building skills that are scarce in the labor market. 19. Non-financial information that management might evaluate in making a decision would not include.. A) Employees morale. B) Contribution margin. C) The environment. D) The corporate profile in the community. Show Answer Correct Answer: B) Contribution margin. 20. Which of the following is a decision making tool that rates each alternative? A) Decision-making. B) SWOT. C) PERT. D) ABC Analysis. Show Answer Correct Answer: D) ABC Analysis. ← 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 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