This quiz works best with JavaScript enabled. Home > Decision Making > Information For Decision Making > Information For Decision Making – Quiz 8 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Information For Decision Making Quiz 8 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which of the following is NOT a sign of well-constructed clothing? A) Attention to detail. B) Well-fitted. C) Reliable stitching and assembly. D) Several snags and pulls. Show Answer Correct Answer: D) Several snags and pulls. 2. What is one of the mentioned methods for problem solving? A) Brainstorming. B) Convergent Thinking. C) Unique Thoughts. D) Brains Rain. Show Answer Correct Answer: A) Brainstorming. 3. Which of the following represents market basket analysis? A) Analyzes Web site information. B) Analyzes checkout scanner information. C) Detects customers' buying behavior. D) All of the above. Show Answer Correct Answer: D) All of the above. 4. Economic is baout: A) Money. B) Choices. C) Inexpensive items. D) Jobs. Show Answer Correct Answer: B) Choices. 5. Which of the following defines a problem in the decision-making process? A) A discrepancy between what exists and what the decision maker desires to exist. B) A discrepancy between the ideal and the practical. C) Something that causes irritation. D) Something that calls for attention. Show Answer Correct Answer: A) A discrepancy between what exists and what the decision maker desires to exist. 6. A thing which is regarded as more important than others A) Expectation. B) Values. C) Priorities. D) Compliance. Show Answer Correct Answer: C) Priorities. 7. These are the things we desire to have. A) Wants. B) Goals. C) Opportunity Costs. D) None of above. Show Answer Correct Answer: A) Wants. 8. Which of the following is a 'Strategic' decision? A) Increase price of plastic bags to 20p across. B) Arrange for uplifting of bins. C) Open 5 new stores across the UK over the next 2 years. D) Hire new supervisor for Paisley store. Show Answer Correct Answer: C) Open 5 new stores across the UK over the next 2 years. 9. Redirecting resources from one area to another is called ..... A) Opportunity costs. B) Rationing. C) Reallocation. D) Alternative. Show Answer Correct Answer: C) Reallocation. 10. Investments that may be difficult to convert to cash quickly have a high ..... risk. A) Inflation. B) Economic. C) Income. D) Liquidity. Show Answer Correct Answer: D) Liquidity. 11. Participatory decision-making reduces the ..... of the decision. in TRUE or FALSE A) Urgency. B) Effectiveness. C) Impact. D) Risk. Show Answer Correct Answer: D) Risk. 12. Decision-making strategy in which you delay making the decision until someone else makes the decision or until options disappear; deciding "by default" A) Agony. B) Opportunity Cost. C) Procrastination. D) None of above. Show Answer Correct Answer: C) Procrastination. 13. Who is the author of the administrative model? A) Taylor. B) Fayol. C) Simon. D) Druker. Show Answer Correct Answer: C) Simon. 14. Which of the following is NOT a part of critical thinking? A) Consider logical connections between ideas. B) Consider every possible option. C) Delay making a decision. D) Identify relevance. Show Answer Correct Answer: C) Delay making a decision. 15. Which of the following is an example of an unstructured problem? A) Finding the list price of different copy machines. B) Comparing gas mileage for different car models. C) Measuring pollution levels in a power plant. D) Choosing the best wardrobe for an executive. Show Answer Correct Answer: C) Measuring pollution levels in a power plant. 16. When a decision is made by an entire group that includes a manager and subordinate with management style is being employed. A) Autocratic. B) Accommodating. C) Collaborative. D) Leading. Show Answer Correct Answer: B) Accommodating. 17. The larger the gap between expectations and performance, the more ..... the consumer is likely to be. A) Satisfied. B) Dissatisfied. C) Cautious. D) Impressed. Show Answer Correct Answer: B) Dissatisfied. 18. Lean manufacturing is defined best by which one of the following? A) Reduced number of facilities. B) Small inventory balance. C) Reduced material cost of parts. D) Quick delivery. Show Answer Correct Answer: B) Small inventory balance. 19. This decision making model describes "The process includes the consideration of alternative decisions, so all possible courses of action are included and the business will undertake a full analysis before making any decisions" . A) Intuitive. B) Operational. C) Strategic. D) Scientific. Show Answer Correct Answer: D) Scientific. 20. The fifth step of the decison making process is A) Define your needs and wants. B) Evaluate your options. C) Plan how to reach your goal. D) Identify your options. Show Answer Correct Answer: B) Evaluate your options. ← 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 9Information For Decision Making Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books