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Practice Quiz
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1
There are four stages in the _________ model of decision making, the first of which is to identify the problem or opportunity.
A)satisficing
B)incremental
C)classical
D)bounded
E)intuitive
2
Which of the following is an assumption of the rational decision-making model?
A)Incomplete information about alternatives
B)Uncertainty about outcomes
C)Choice is the best decision for the organization and not the individual
D)Use of incremental short-term steps to alleviate the problem
E)Choice is the first alternative that meets all decision criteria
3
In the implementation of evidence-based management, the best diagnostic question is, "What story will sell this idea?"
A)True
B)False
4
Big Data refers to stores of data so vast that conventional database management systems cannot handle them and so very sophisticated analysis software and supercomputing-level hardware are required.
A)True
B)False
5
______ reflects the extent to which a person focuses on either task and technical concerns or people and social concerns when making decisions.
A)Task propensity
B)Value orientation
C)Goal assessment
D)Activity preference
E)Tolerance for ambiguity
6
People with a(n) ______ decision-making style are careful decision makers who take longer to make decisions but who also respond well to new or uncertain situations.
A)analytical
B)methodical
C)directive
D)conceptual
E)behavioral
7
A decision tree is a graph of decisions and
A)the related decision-making model.
B)the related legal requirements.
C)the reactions of shareholders.
D)their possible outcomes.
E)their total costs.
8
Relaxed change is a form of satisficing used as a response to problem recognition.
A)True
B)False
9
Customers prefer meat that is labeled as "85% lean" instead of "15% fat," though both are technically the same. This is an example of a(n) ________ bias.
A)framing
B)availability
C)confirmation
D)representative
E)anchoring and adjustment
10
Deferring judgment, building on the ideas of others, and encouraging wild ideas are suggestions to improve
A)deciding to decide.
B)brainstorming.
C)heuristics.
D)predictive modeling.
E)intuition.





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