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Individual Decision Making in Business 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 "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!

Page 1

Question 1 1. What does SWOT stand for?

Question 2 2. According to the lesson, which of the following recommendations would help McDonald's improve its competitiveness?

Question 3 3. According to the lesson, what else is SWOT useful for besides helping an organization identify competitive advantages?

Question 4 4. According to the lesson, which of the following is NOT a listed threat for McDonald's?

Question 5 5. Which SWOT analysis involves those things which can negatively affect an organization's bottom line?

Page 2

Question 6 6. 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 _____.

Question 7 7. A manager is brainstorming potential solutions to a problem. According to the rational decision-making model, what is occurring?

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

Page 3

Question 11 11. What is an example of a temporary factor that may positively affect decision making?

Question 12 12. What is an example of a temporary factor that may negatively affect decision making?

Question 13 13. Why does it help to ask what has worked in the past when making a new decision?

Question 14 14. Why is creativity important for making good decisions about your business?

Question 15 15. How does having experience in a given field help us with decision making?

Page 4

Question 16 16. In a SWOT analysis, what should a company focus turning their weaknesses into?

Question 17 17. What is a threat considered in SWOT Analysis?

Question 18 18. In SWOT analysis, what does SWOT stand for?

Question 19 19. In a SWOT analysis, which of the following best describes the strengths of an organization?

Question 20 20. In a SWOT analysis, which of the following would be an example of an opportunity for a mobile phone company?

Individual Decision Making in Business 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 "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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