Managing Effective Decisions MCQs
Managing Effective Decisions MCQs
Try to answer these 30+ Managing Effective Decisions MCQs and check your understanding of the Managing Effective Decisions subject. Scroll down and let's begin!
1: Adaptive management is an approach to decision-making that requires managers to use _____ to make nonprogrammed decisions.
A. Critical thinking
B. Collaboration
C. Reflection skills
D. All of these
2: _____ is the tendency for people to base decisions on the first piece of information before adjusting it.
A. Anchoring heuristics
B. Adjustment heuristics
C. Availability heuristics
D. Both a and b
3: _____ is making judgments on certain events based on how easily an example springs to mind.
A. Anchoring heuristics
B. Adjustment heuristics
C. Availability heuristics
D. Both a and b
4: Bounded rationality is rational decision-making that is limited by _____.
A. Time
B. Cognitive abilities
C. Available information
D. All of these
5: Brainstorming is creating as many alternatives as possible, without making value judgments about any idea.
A. True
B. False
6: _____ 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.
A. Mechanistic model
B. Organic model
C. Situational leadership model
D. Classical Model
7: Classical model is a normative model of decision-making that leads to an _____ and rationality of the decision-maker.
A. Optimal decision
B. Assuming full availability of information
C. Sufficient time
D. All of the above
8: _____ 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.
A. Common-information bias
B. Confirmation bias
C. Hindsight bias
D. Sunk cost bias
9: _____ is the inclination to seek out information to support our views while disregarding information that does not.
A. Common-information bias
B. Confirmation bias
C. Hindsight bias
D. Sunk cost bias
10: Decision making is the action or process of identifying a strategy to resolve problems.
A. True
B. False
11: Decision-making style is the way in which a group perceives information and analyzes solutions.
A. True
B. False
12: _____ is a method of decision-making in which a group of experts propose and question ideas until a consensus is reached.
A. Nominal group technique
B. Delphi technique
C. Both a and b
D. None of these
13: Escalation of commitment is when people increase their level of commitment to a decision despite receiving negative information about it.
A. True
B. False
14: _____ is a cognitive bias where decisions are influenced by the way information is presented rather than the facts themselves.
A. Framing bias
B. Confirmation bias
C. Hindsight bias
D. Sunk cost bias
15: Groupthink is a usually conscious mode of group decision-making in which individuals prioritize agreement over analysis.
A. True
B. False
16: Heuristics is a set of informal rules used to _____ the decision making process.
A. Simplify
B. Expedite
C. Dispatch
D. All of these
17: _____ is the propensity to overestimate an outcome that could not have possibly been predicted.
A. Framing bias
B. Confirmation bias
C. Hindsight bias
D. Sunk cost bias
18: Intuition is a decision based on _____.
A. Feelings
B. Previous experience
C. Existing knowledge
D. All of these
19: A group decision-making process in which individuals rate proposed solutions and the total tally determines the final decision is called?
A. Delphi technique
B. Nominal group technique
C. Both a and b
D. None of these
20: _____ is a decision based on reason and/or intuition in response to a unique situation that requires a tailored response.
A. Nonprogrammed decision
B. Programmed decision
C. Both a and b
D. None of these
21: Production blocking is a loss in productivity during a brainstorming session because individuals are overwhelmed by the number of possibilities being generated.
A. True
B. False
22: _____ is a decision based on preestablished rules in response to a recurring situation.
A. Nonprogrammed decision
B. Programmed decision
C. Both a and b
D. None of these
23: Reasoned judgment is a decision based on extensive information _____ of alternatives.
A. Gathering
B. Careful analysis
C. Generation of alternatives
D. All of these
24: _____ is the tendency to make judgments based on our own mental models and stereotypes.
A. Representativeness heuristic
B. Anchoring heuristics
C. Adjustment heuristics
D. Availability heuristics
25: Satisficing is choosing an acceptable solution rather than an optimal solution.
A. True
B. False
26: _____ is when people continue a certain behavior because they have already invested too much money in it.
A. Framing bias
B. Confirmation bias
C. Hindsight bias
D. Sunk cost bias
27: Tolerance for ambiguity is the extent to which people have a strong need for structure or control in their lives.
A. True
B. False
28: _____ is the degree to which people focus on tasks and technical concerns or people and social concerns.
A. Type A orientation
B. Type B orientation
C. Value orientation
D. Both a and b
29: Communicating through e-mail provides ________.
A. A host of nonverbal cues to understand the message better
B. The best means to convey negative information.
C. A cheaper alternative to the conventional communication through letters.
D. A secure communication link that nobody else can access.
E. An option to hold real-time meetings with people in different locations.
30: In expectancy theory, ____ is the perceived relationship between effort and performance.
A. Referents
B. Goal
C. Expectancy
D. Instrumentality
31: Effective business messages help businesses provide __________.
A. Early warnings of social problems
B. Early warnings of potential problems
C. Early warnings of environmental problems
D. Early warnings of geological problems
32: Effective decision makers are able to ______.
A. Predict most or all consequences of actions
B. Implement plans of action
C. Identify the resources available to them
D. List all realistic choices they can make
E. All of the above
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Managing Effective Decisions MCQs
