MCQs > Finance & Management > Business Management MCQs > Managing Effective Decisions MCQs

Managing Effective Decisions MCQ

Managing Effective Decisions MCQ

1. Effective decision makers are able to ______.

Answer

Correct Answer: All of the above

Note: This Question is unanswered, help us to find answer for this one

2. Effective business messages help businesses provide __________.

Answer

Correct Answer: Early warnings of potential problems

Note: This Question is unanswered, help us to find answer for this one

3. In expectancy theory, ____ is the perceived relationship between effort and performance.

Answer

Correct Answer: Expectancy

Note: This Question is unanswered, help us to find answer for this one

4. Communicating through e-mail provides ________.

Answer

Correct Answer: A host of nonverbal cues to understand the message better

Note: This Question is unanswered, help us to find answer for this one

5. _____ is the degree to which people focus on tasks and technical concerns or people and social concerns.

Answer

Correct Answer: Value orientation

Note: This Question is unanswered, help us to find answer for this one

6. Tolerance for ambiguity is the extent to which people have a strong need for structure or control in their lives.

Answer

Correct Answer: True

Note: This Question is unanswered, help us to find answer for this one

7. _____ is when people continue a certain behavior because they have already invested too much money in it.

Answer

Correct Answer: Sunk cost bias

Note: This Question is unanswered, help us to find answer for this one

8. Satisficing is choosing an acceptable solution rather than an optimal solution.

Answer

Correct Answer: True

Note: This Question is unanswered, help us to find answer for this one

9. _____ is the tendency to make judgments based on our own mental models and stereotypes.

Answer

Correct Answer: Representativeness heuristic

Note: This Question is unanswered, help us to find answer for this one

10. Reasoned judgment is a decision based on extensive information _____ of alternatives.

Answer

Correct Answer: All of these

Note: This Question is unanswered, help us to find answer for this one

11. _____ is a decision based on preestablished rules in response to a recurring situation.

Answer

Correct Answer: Programmed decision

Note: This Question is unanswered, help us to find answer for this one

12. Production blocking is a loss in productivity during a brainstorming session because individuals are overwhelmed by the number of possibilities being generated.

Answer

Correct Answer: True

Note: This Question is unanswered, help us to find answer for this one

13. _____ is a decision based on reason and/or intuition in response to a unique situation that requires a tailored response.

Answer

Correct Answer: Nonprogrammed decision

Note: This Question is unanswered, help us to find answer for this one

14. A group decision-making process in which individuals rate proposed solutions and the total tally determines the final decision is called?

Answer

Correct Answer: Nominal group technique

Note: This Question is unanswered, help us to find answer for this one

15. Intuition is a decision based on _____.

Answer

Correct Answer: All of these

Note: This Question is unanswered, help us to find answer for this one

16. _____ is the propensity to overestimate an outcome that could not have possibly been predicted.

Answer

Correct Answer: Hindsight bias

Note: This Question is unanswered, help us to find answer for this one

17. Heuristics is a set of informal rules used to _____ the decision making process.

Answer

Correct Answer: All of these

Note: This Question is unanswered, help us to find answer for this one

18. Groupthink is a usually conscious mode of group decision-making in which individuals prioritize agreement over analysis.

Answer

Correct Answer: True

Note: This Question is unanswered, help us to find answer for this one

19. _____ is a cognitive bias where decisions are influenced by the way information is presented rather than the facts themselves.

Answer

Correct Answer: Framing bias

Note: This Question is unanswered, help us to find answer for this one

20. Escalation of commitment is when people increase their level of commitment to a decision despite receiving negative information about it.

Answer

Correct Answer: True

Note: This Question is unanswered, help us to find answer for this one

21. _____ is a method of decision-making in which a group of experts propose and question ideas until a consensus is reached.

Answer

Correct Answer: Delphi technique

Note: This Question is unanswered, help us to find answer for this one

22. Decision-making style is the way in which a group perceives information and analyzes solutions.

Answer

Correct Answer: False

Note: This Question is unanswered, help us to find answer for this one

23. Decision making is the action or process of identifying a strategy to resolve problems.

Answer

Correct Answer: True

Note: This Question is unanswered, help us to find answer for this one

24. _____ is the inclination to seek out information to support our views while disregarding information that does not.

Answer

Correct Answer: Confirmation bias

Note: This Question is unanswered, help us to find answer for this one

25. _____ is the tendency to place more importance on information held by the majority of people while failing to take into account views held by the minority.

Answer

Correct Answer: Common-information bias

Note: This Question is unanswered, help us to find answer for this one

26. Classical model is a normative model of decision-making that leads to an _____ and rationality of the decision-maker.

Answer

Correct Answer: All of the above

Note: This Question is unanswered, help us to find answer for this one

27. _____ is a normative model of decision-making that leads to an optimal decision, assuming full availability of information, sufficient time, and rationality of the decision-maker.

Answer

Correct Answer: Classical Model

Note: This Question is unanswered, help us to find answer for this one

28. Brainstorming is creating as many alternatives as possible, without making value judgments about any idea.

Answer

Correct Answer: True

Note: This Question is unanswered, help us to find answer for this one

29. Bounded rationality is rational decision-making that is limited by _____.

Answer

Correct Answer: All of these

Note: This Question is unanswered, help us to find answer for this one

30. _____ is making judgments on certain events based on how easily an example springs to mind.

Answer

Correct Answer: Availability heuristics

Note: This Question is unanswered, help us to find answer for this one

31. _____ is the tendency for people to base decisions on the first piece of information before adjusting it.

Answer

Correct Answer: Both a and b

Note: This Question is unanswered, help us to find answer for this one

32. Adaptive management is an approach to decision-making that requires managers to use _____ to make nonprogrammed decisions.

Answer

Correct Answer: All of these

Note: This Question is unanswered, help us to find answer for this one

search
Business Management Subjects