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 repetitive decision that can be handled by a routine approach
Problem
Programmed decision
Rule
Evidence-based management (EBMgt)
2. A situation in which a manager can make accurate decisions because all outcomes are known
Certainty
Decision criteria
Decision
Intuitive decision making
3. Straightforward - familiar - and easily defined problems
Certainty
Bounded rationality
Decision-making process
Structured problems
4. 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
5. An obstacle that makes it difficult to achieve a desired goal or purpose
Programmed decision
Problem
Satisfice
Risk
6. An increased commitment to a previous decision despite evidence it may have been wrong
Decision-making process
Escalation of commitment
Risk
Problem
7. Decision style characterized by a person's preference for using external data and facts and processing this information through rational - logical thinking
What is intuition?
Linear thinking style
Bounded rationality
Heuristics
8. Decision making that's rational - but limited (bounded) by an individual's ability to process information
Evidence-based management (EBMgt)
Linear thinking style
Bounded rationality
Decision-making process
9. Criteria that define what's important or relevant to resolving a problem
Heuristics
Decision criteria
What is intuition?
Risk
10. A situation that a decision maker has neither certainty nor reasonable probability estimates available
Uncertainty
Structured problems
Decision-making process
Satisfice
11. A choice among two or more alternatives
Rational decision making
Intuitive decision making
Decision
What is intuition?
12. A series of sequential steps used to respond to a well-structured problem
Decision-making process
Procedure
Rational decision making
Uncertainty
13. The systematic use of the best available evidence to improve management practice
Bounded rationality
Evidence-based management (EBMgt)
Escalation of commitment
Intuitive decision making
14. A guideline for making decisions
Structured problems
Unstructured problems
Policy
Decision
15. Decision style characterized by a person's preference for internal sources of information and processing this information with internal insights - feelings and hunches
Policy
Decision criteria
Nonlinear thinking style
Intuitive decision making
16. Making decisions on the basis of experience - feelings - and accumulated judgment
Intuitive decision making
Decision
Satisfice
Procedure
17. A situation in which the decision maker is able to estimate the likelihood of certain outcomes
Policy
Evidence-based management (EBMgt)
Decision criteria
Risk
18. Accept solutions that are 'good enough'
Nonprogrammed decisions
Risk
Intuitive decision making
Satisfice
19. Problems that are new or unusual and for which information is ambiguous or incomplete
Rule
Procedure
Unstructured problems
Bounded rationality
20. Rules of thumb that managers use to simplify decision making
Heuristics
Risk
Nonlinear thinking style
Decision-making errors and biases
21. Describes choices that are logical and consistent and maximize value
Rational decision making
Satisfice
Decision-making errors and biases
Certainty
22. An explicit statement that tells managers what can or cannot be done
Decision-making errors and biases
Programmed decision
Structured problems
Rule
23. Unique and nonrecurring decisions that require a custom-made solution
Programmed decision
Risk
Nonprogrammed decisions
Satisfice
24. Overconfidence; Immediate gratification; Anchoring effect; Selective perception; Confirmation; Framing; Availability; Representation; Randomness; Sunk costs; Self-serving; Hindsight
Decision-making errors and biases
Evidence-based management (EBMgt)
Procedure
Bounded rationality
25. 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
Programmed decision
Decision-making process
Effective decision making in today's world
26. Subconscious mental processing; Values or ethics-based decisions; Experience-based decisions; Affect-initiated decisions; Cognitive-based decisions
Bounded rationality
What is intuition?
Decision criteria
Decision-making errors and biases