Planning - MCQs with answers - Part 11. Rearrange the steps in the decision- making process logically.
A. Identification of a problem
B. Identification of decision criteria
C. Allocation of weights to criteria
D. Development of alternatives
E. Analysis of alternatives
F. Selection of an alternative
G. Implementation of the alternative
d. GCDABEFView Answer / Hide Answer2. State true or false.
i. Managers when plan, organise, lead and control are called decision makers.
b. FalseView Answer / Hide Answer3. Which of the following is an assumption of rationality to rationale decision making?
a. Preferences are clear
b. Final choice will maximise payoff
c. The problem is clear and unambiguous
d. All of the aboveView Answer / Hide Answer
4. ___________ is accepting solutions that are "good enough".
ANSWER: d. All of the above
a. Bounded rationality
c. Escalation of commitment
d. None of the aboveView Answer / Hide Answer5. Making decisions on the basis of experience, feelings and accumulated judgement is called as __________.
a. Decision making
b. Structured problems
c. Intuitive decision making
d. None of the aboveView Answer / Hide Answer
6. Who is the CEO of Nike?
ANSWER: c. Intuitive decision making
a. D. Perez's
b. John. T. Chambers
c. Phil Knight
d. None of the aboveView Answer / Hide Answer7. Which of this is not mentioned in decision-making matrix?
d. Performance managementView Answer / Hide Answer
8. Which software provides key performance indicators to help managers monitor efficiency of projects and employees?
ANSWER: d. Performance management
a. Management Information System
b. Business Performance Management
c. Enterprise Application Software
d. Online analytical ProcessingView Answer / Hide Answer
9. ___________ is a rule of thumb that managers use to simplify decision making.
ANSWER: b. Business Performance Management
a. Sunk - costs
d. None of the aboveView Answer / Hide Answer10. State true or false.
i. Availability bias is when decisions makers tend to remember events that are most recent.
b. FalseView Answer / Hide Answer