This quiz works best with JavaScript enabled. Home > Decision Making > Information For Decision Making > Information For Decision Making – Quiz 6 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Information For Decision Making Quiz 6 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Unstructured problems are ..... A) Perfectly rational. B) Clear and straightforward. C) Situations in which all options are known. D) Situations in which all options are not known. Show Answer Correct Answer: D) Situations in which all options are not known. 2. The source of data to serve as inputs in incremental analysis is generated by.. A) Market analysts. B) Engineers. C) Accountants. D) All of the above. Show Answer Correct Answer: D) All of the above. 3. What does "brand loyalty" mean? A) The brand is recognizable. B) You buy this brand no matter what. C) You and the brand are friends. D) This is when brands compete against one another. Show Answer Correct Answer: B) You buy this brand no matter what. 4. The stars-and-stripes flag is an example of which of the following cultural elements? A) Ritual. B) Value. C) Symbol. D) Hero. Show Answer Correct Answer: C) Symbol. 5. Which is not one of the steps in Rational Decision making process A) Defining the problem. B) Identifying the decision criteria. C) Rating alternatives. D) Selecting the decision that satisfices. Show Answer Correct Answer: D) Selecting the decision that satisfices. 6. There are two different problem recognition styles ..... A) Actual & Desired State Types. B) Budget & Actual State Types. C) Desired & Planning State Types. D) All answers are incorrect. Show Answer Correct Answer: A) Actual & Desired State Types. 7. Strategy in which a person considers every detail of every option over and over again A) Impulse. B) Agony. C) Compliance. D) Escape. Show Answer Correct Answer: B) Agony. 8. What is the second step in the decision making process? A) Consider the alternatives. B) Implement the decision. C) Establish long term and short term goals. D) Evaluate the results. Show Answer Correct Answer: C) Establish long term and short term goals. 9. Improving your job performance and accepting a job promotion is considered to be a A) Routine decision. B) Work decision. C) Independent decision. D) Major decision. Show Answer Correct Answer: B) Work decision. 10. Compliance is a decision making strategy in which a person ..... 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: A) Let someone else make the decision. 11. Once a problem has been identified, a manager should A) Solve it. B) Gather relevant information. C) Make a decision. D) Analyze the problem. Show Answer Correct Answer: B) Gather relevant information. 12. An opportunity cost is defined as: A) The profit of the next best alternative foregone. B) The additional (incremental) cost of accepting the order. C) The additional revenue if we do not drop the product. D) None of above. Show Answer Correct Answer: A) The profit of the next best alternative foregone. 13. They require serious thought and should be made in an orderly way, these decisions have a greater impact on your life A) Values. B) Limbic System. C) Minor Decisions. D) Major Decisions. Show Answer Correct Answer: D) Major Decisions. 14. Strategy in which a person avoids a decision or makes up an answer to deflect an injury A) Compliance. B) Escape. C) Impulse. D) Play it safe. Show Answer Correct Answer: B) Escape. 15. Situation where all the information the decision maker needs is fully available A) Decision. B) Risk. C) Certainty. D) Ambiguity. Show Answer Correct Answer: C) Certainty. 16. A ..... is a computer-based system that stores, organizes and provides information about a business. A) Symptom. B) Problem. C) Management. D) Management Information System (MIS). Show Answer Correct Answer: D) Management Information System (MIS). 17. In incremental analysis.. A) Only costs are analyzed. B) Only revenues are analyzed. C) Both costs and revenues may be analyzed. D) Both costs and revenues that stay the same between alternate courses of action will be analyzed. Show Answer Correct Answer: C) Both costs and revenues may be analyzed. 18. Who Said: "Only make decisions that support your self-image, your self esteem and your self-worth" A) Jeff Bezos. B) Anita Roddick. C) Oprah Winfrey. D) Karren Brady. Show Answer Correct Answer: C) Oprah Winfrey. 19. This kind of question is base on what could happen in the future. A) Descriptive. B) Predictive. C) Prescriptive. D) Transcriptive. Show Answer Correct Answer: B) Predictive. 20. A(n) ..... thinker approaches problems in a rational and analytic fashion. A) Systematic. B) Intuitive. C) Internal. D) External. Show Answer Correct Answer: A) Systematic. ← 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 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