SUBJECTS
|
BROWSE
|
CAREER CENTER
|
POPULAR
|
JOIN
|
LOGIN
Business Skills
|
Soft Skills
|
Basic Literacy
|
Certifications
About
|
Help
|
Privacy
|
Terms
|
Email
Search
Test your basic knowledge |
Management 101: Decision Making
Start Test
Study First
Subject
:
business-skills
Instructions:
Answer 26 questions in 15 minutes.
If you are not ready to take this test, you can
study here
.
Match each statement with the correct term.
Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.
This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.
1. A situation that a decision maker has neither certainty nor reasonable probability estimates available
Evidence-based management (EBMgt)
Escalation of commitment
Uncertainty
Decision-making process
2. A series of sequential steps used to respond to a well-structured problem
Heuristics
Uncertainty
What is intuition?
Procedure
3. Decision style characterized by a person's preference for using external data and facts and processing this information through rational - logical thinking
Uncertainty
Heuristics
Decision criteria
Linear thinking style
4. A choice among two or more alternatives
Satisfice
Problem
Unstructured problems
Decision
5. Rules of thumb that managers use to simplify decision making
Nonlinear thinking style
Heuristics
Escalation of commitment
Structured problems
6. Unique and nonrecurring decisions that require a custom-made solution
Problem
Nonlinear thinking style
Rational decision making
Nonprogrammed decisions
7. Straightforward - familiar - and easily defined problems
Policy
Heuristics
Programmed decision
Structured problems
8. Decision making that's rational - but limited (bounded) by an individual's ability to process information
Unstructured problems
Bounded rationality
Nonprogrammed decisions
Programmed decision
9. Overconfidence; Immediate gratification; Anchoring effect; Selective perception; Confirmation; Framing; Availability; Representation; Randomness; Sunk costs; Self-serving; Hindsight
Decision-making errors and biases
Nonlinear thinking style
Decision criteria
Escalation of commitment
10. An increased commitment to a previous decision despite evidence it may have been wrong
Unstructured problems
Intuitive decision making
Satisfice
Escalation of commitment
11. A situation in which the decision maker is able to estimate the likelihood of certain outcomes
Policy
Risk
Satisfice
Decision
12. An obstacle that makes it difficult to achieve a desired goal or purpose
Problem
Escalation of commitment
Effective decision making in today's world
Procedure
13. The systematic use of the best available evidence to improve management practice
Evidence-based management (EBMgt)
Heuristics
Structured problems
Certainty
14. Decision style characterized by a person's preference for internal sources of information and processing this information with internal insights - feelings and hunches
Nonlinear thinking style
Programmed decision
Risk
Intuitive decision making
15. A repetitive decision that can be handled by a routine approach
Programmed decision
Decision
Decision-making process
Linear thinking style
16. A situation in which a manager can make accurate decisions because all outcomes are known
Problem
Certainty
Risk
Escalation of commitment
17. Accept solutions that are 'good enough'
Decision
Heuristics
Certainty
Satisfice
18. Criteria that define what's important or relevant to resolving a problem
Problem
Decision criteria
Decision-making process
Decision-making errors and biases
19. Understand cultural differences; Know when it's time to call it quits; Use an effective decision-making process; Build an organization that can spot the unexpected and quickly adapt to the changed environment
Warning
: Invalid argument supplied for foreach() in
/var/www/html/basicversity.com/show_quiz.php
on line
183
20. Making decisions on the basis of experience - feelings - and accumulated judgment
Structured problems
Programmed decision
Risk
Intuitive decision making
21. Subconscious mental processing; Values or ethics-based decisions; Experience-based decisions; Affect-initiated decisions; Cognitive-based decisions
Problem
Decision-making process
What is intuition?
Nonlinear thinking style
22. Problems that are new or unusual and for which information is ambiguous or incomplete
Unstructured problems
Rational decision making
Nonprogrammed decisions
Risk
23. Describes choices that are logical and consistent and maximize value
Effective decision making in today's world
Rule
Heuristics
Rational decision making
24. An explicit statement that tells managers what can or cannot be done
Decision criteria
Rule
Escalation of commitment
Uncertainty
25. A guideline for making decisions
Policy
Escalation of commitment
Nonlinear thinking style
Risk
26. 1: Identifying a problem; 2: Identifying decision criteria; 3: Allocating weights to the criteria; 4 Developing alternatives; 5 Analyzing alternatives; 6: Selecting an alternative; 7: Implementing the alternative; 8: Evaluating decision effectiveness
Decision-making process
What is intuition?
Structured problems
Decision