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Decision Making Processes & Models 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. In the administrative model of decision making, which decision maker is willing to consider all criteria and all available alternatives?

Question 2 2. In the administrative model of decision making, what is the concept of settling for a less than perfect solution?

Question 3 3. According to the administrative model of decision making, what is the main benefit of making a decision after considering only a limited number of alternatives?

Question 4 4. What is an example of a temporary factor that may positively affect decision making?

Question 5 5. What is an example of a temporary factor that may negatively affect decision making?

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Question 6 6. Why is creativity important for making good decisions about your business?

Question 7 7. Why is rational decision making considered to be a precise process?

Question 8 8. Rational decision-making uses _____ to reach a decision.

Question 9 9. Selecting the best alternative in the rational decision-making process is called _____.

Question 10 10.

Read the scenario and identify which decision-making strategy was MOST likely utilized:

A project manager must decide by the end of the day which colleague to move to an important project with a looming deadline. One candidate is still in training, but has proven to be a quick study who brings fresh ideas to the project. The second candidate has worked at the company for ten years and is a dedicated and knowledgeable employee. The project manager chooses the new hire for the project.

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Question 11 11. What type of decision making uses analytics, facts and a step-by-step process to come to a solution?

Question 12 12. Another phrase for intuition is _____.

Question 13 13. What elements does your decision-making model need to contain to ensure you have a sound process?

Question 14 14. When you have to change your business plan because you lack the funds to move forward, what are you facing?

Question 15 15. If your project team needed to know how long it would take to deliver the project, what tool would be appropriate to do that analysis and make that decision?

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Question 16 16. How many phases does the incremental decision-making model suggest?

Question 17 17. What did Charles Lindblom call the process of moving between different steps of the incremental model?

Question 18 18. Which two alternative steps happen during the development phase of the incremental model?

Question 19 19. Which description best fits the classical decision-making model?

Question 20 20. Which of the following is a drawback of the classical decision-making model?

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Question 21 21. What is the first step of the decision-making process, as recommended by the classical model?

Question 22 22. In using the PACED model, what question should you answer during E: Evaluation step?

Question 23 23. In using the PACED model, which of the following is an alternative when deciding where to eat lunch?

Question 24 24. What is the first step of the PACED model?

Question 25 25. Which of the following might be caused by too much diversity when making a group decision?

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Question 26 26. What is a pitfall of making group decisions?

Question 27 27. Which of the following describes the rational decision model?

Question 28 28. According to the administrative model of decision making, why are decision makers willing to settle for a less than perfect solution?

Question 29 29. How does having experience in a given field help us with decision making?

Question 30 30. Julie has decided a change is needed in tracking the inventory at her store and decides to utilize the rational decision-making model as a tool to make these changes. Julie's first step is to _____.

Decision Making Processes & Models Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next question. You can skip questions if you would like and come back to them later with the "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. You will lose your work if you close or refresh this page. Good luck!

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