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Basics of Decision Making in Management Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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Question 1 1. Which is an example of a satisficing type of decision making?

Question 2 2. Which is an example of intuitive decision making?

Question 3 3. Which type of decision making uses lists, pros, and cons?

Question 4 4. Which decision type relies on chance?

Question 5 5. Which is an example of emotional decision making?

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Question 6 6. Jane, the CEO of a pharmaceutic company, has delegated the task of determining whether a new line of obesity reducing pills should be launched. She instructed her subordinate to take a look at the situation of the firm, define what all of the variables are, and focus only on the issue of launching a new line to ultimately weigh the risk against the uncertainty of the outcome. Why was this UNCOMMON to a usual procedure of weighing risk?

Question 7 7. In which one of the following scenarios did the manager NOT have the proper motivation for making an informed decision?

Question 8 8. One of the biggest mistakes a manager can make is to _____.

Question 9 9. You run one of the departments in a large company that works in government bonds, futures, and other financial papers. One of your coworkers is being tasked with deciding whether or not to invest in an African country that has had a civil war recently, and has been mostly closed off to the media. What would you advise that he do first as he prepares to make his decision?

Question 10 10. Which of the following are we trying to determine when we talk about weight risk?

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Question 11 11. Which of the following is NOT a business skill for effective decision making?

Question 12 12. What are technical skills?

Question 13 13. Deciding to void (or stop) a business check out of fear until other business bills are paid, is an example of which type of business skill?

Question 14 14. Which of the following is an example of a cognitive skill?

Question 15 15. The skills that do NOT concern themselves with critical thinking, but deal with the behaviors and attitudes that people display are known as what?

Basics of Decision Making in Management Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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