This quiz works best with JavaScript enabled. Home > Decision Making > Information For Decision Making > Information For Decision Making – Quiz 7 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Information For Decision Making Quiz 7 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. A ..... is an experienced manager who meets regularly with a new manager to provide feedback and advice. A) Controlling. B) Administrative Management. C) Work Coach. D) Organizing. Show Answer Correct Answer: C) Work Coach. 2. The process of identifying problems and opportunities and then resolving them A) Social responsibility. B) Ambiguity. C) Decision making. D) Certainty. Show Answer Correct Answer: C) Decision making. 3. Policy, Procedure and Rule are considered when making A) Programmed decision. B) Non-programmed decision. C) Risky decision. D) Ambiguous decision. Show Answer Correct Answer: A) Programmed decision. 4. Purpose of the decision making framework is to: A) To foster consistency across jurisdictions. B) Demonstrate principles and concepts. C) Regulate public safety. D) To organise relevant information and define alternatives. Show Answer Correct Answer: A) To foster consistency across jurisdictions. 5. A year ago James could purchase 4 limes for one dollar. Today he can purchase 2 limes for the same dollar. This indicates A) Deflation. B) Inflation. C) Interest rates. D) The effects of a trade war with China. Show Answer Correct Answer: B) Inflation. 6. Choosing the first alternative that satisfies minimal decision criteria, even if better solutions are presumed to exist. A) Bounded rationality. B) Intuition. C) Coalition. D) Satisficing. Show Answer Correct Answer: D) Satisficing. 7. Brain damaged patients could not move away from which pack? A) High immediate risk, high immediate reward. B) Low immediate reward, high long term gain. C) High immediate reward, low long term gain. D) Low long term risk, low immediate reward. Show Answer Correct Answer: C) High immediate reward, low long term gain. 8. Which decision style is used by people who prefer simple, clear-cut solutions to problems? A) Analytical style. B) Conceptual style. C) Behavioral style. D) Directive style. Show Answer Correct Answer: D) Directive style. 9. A computer-based system that stores, organizes, and provides information about a business is a A) Database management network. B) Decision-making matrix. C) SWOT analysis. D) Management information system. Show Answer Correct Answer: D) Management information system. 10. The name of the model involving System 1 & 2 A) The Two Systems Processing Model. B) Thinking Fast and Slow Model. C) Dual Systems Model. D) Dual Processing Model. Show Answer Correct Answer: D) Dual Processing Model. 11. Managers encourage creativity in their staff through A) Brainstorming. B) Brainwriting. C) A wish list. D) All of these answers. Show Answer Correct Answer: D) All of these answers. 12. What is a special-purpose knowledge-based information system that accomplishes specific tasks on behalf of its users? A) Intelligent system. B) Artificial intelligence. C) Neural network. D) Intelligent agent. Show Answer Correct Answer: D) Intelligent agent. 13. Decision makers exhibiting ..... take credit for their successes and blame failures on outside factors. A) The randomness bias. B) The sunk costs error. C) Self-serving bias. D) The hindsight bias. Show Answer Correct Answer: C) Self-serving bias. 14. Generally, a ..... is a difficult situation requiring a solution A) Problem. B) Clue. C) Research. D) Companies. Show Answer Correct Answer: A) Problem. 15. A person who satisfices fails to ..... A) Maximize his or her decision. B) Understand his or her position. C) Accept the truth of a situation. D) Make any kind of decision. Show Answer Correct Answer: A) Maximize his or her decision. 16. People, places, or information you may use t make a decision or achieve goal A) Options. B) Values. C) Resources. D) Consequences. Show Answer Correct Answer: C) Resources. 17. Decision-making strategy in which you hand over control or let someone else decide A) Trade-Off. B) Compliance. C) Escape. D) None of above. Show Answer Correct Answer: B) Compliance. 18. ..... and social values most affect decision making. A) Personal. B) Compromise. C) Economic. D) None of above. Show Answer Correct Answer: C) Economic. 19. You purchased baseball tickets last month when your team was doing well. You paid $ 75 for the non-refundable tickets. The team is doing poorly and a friend offered you $ 30 for the ticket. The opportunity cost of going to the game is A) $ 30. B) $ 45. C) $ 75. D) $ 105. Show Answer Correct Answer: A) $ 30. 20. An unwillingness to give up something now in return for something later. A) Agony. B) Delayed Gratification. C) Instant Gratification. D) None of above. Show Answer Correct Answer: C) Instant Gratification. ← 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 8Information For Decision Making Quiz 9Information For Decision Making Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books