Decision Making Process & Styles 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. A company wants to offer a new line of luxury products. This line is worth at least five million dollars. Which answer represents a potential alternative that the company could pursue instead?

Question 2 2. John, a CEO of a company, is trying to fix certain aspects of his company. He started by thinking about what factors prevent the company from growing. He then started developing potential alternatives for his company. Why should John stop and start over?

Question 3 3. Which of the following is the last step to occur in the decision-making process?

Question 4 4. A firm that works in marketing is using the decision-making process to decide on a new PR strategy. They have reached the final stage. What are they MOST likely trying to do?

Question 5 5. A department manager is trying to make a decision about a new line of products. He just finished determining limiting factors. What should he do next?

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Question 6 6. Why can using the directive style of decision making be very inefficient for a company?

Question 7 7. A team manager is brainstorming with his team in order to develop a new line of products for the company. He is consulting with them and providing them with all of the relevant information in order to develop a long-term plan. He is also consulting with other shareholders in order to negotiate the best deal possible. This process is very long and time consuming. Why is this an example of a behavioral decision-making style?

Question 8 8. Jane, the CEO of a company, is trying to resolve how a new marketing strategy should be conducted. She is taking into account the long-term future of the company, brainstorming with her team, and providing them all with key information. Which type of decision making style is she using?

Question 9 9. Identify which of the following is most likely an example of a CEO that uses a directive style:

Question 10 10. What is the main flaw of analytical decision making?

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Question 11 11. Which of the following is the final step in the decision-making process?

Question 12 12. Determining the feasibility, while assessing the costs and benefits comes into play during which phase of the decision-making process?

Question 13 13. An individual who utilizes a cognitive process to select a choice among several available options is engaging in a _____ process.

Question 14 14. Mark met with four physicians about having surgery on his foot. He has enough money saved to undergo surgery and is able to take off six weeks of paid leave from work. He has an additional two weeks of vacation time, and his mom will stay with him for the first two weeks to help out. Knowing this information, that he is being rational, and that he wants to be free of pain, which alternative should Mark choose?

Question 15 15. If Mark is considering having an experimental surgery on his foot to alleviate the pain he has while walking, which of the following is NOT part of the relevant information that he should collect in order to make an informed decision?

Decision Making Process & Styles 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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