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

Question 2 2. In a SWOT analysis, what should a company focus turning their weaknesses into?

Question 3 3. In a SWOT analysis, which of the following best describes the strengths of an organization?

Question 4 4. In SWOT analysis, what does SWOT stand for?

Question 5 5. What is a threat considered in SWOT Analysis?

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Question 6 6. Rational decision-making uses _____ to reach a decision.

Question 7 7. 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 8 8. Why is rational decision making considered to be a precise process?

Question 9 9. A manager is brainstorming potential solutions to a problem. According to the rational decision-making model, what is occurring?

Question 10 10. Selecting the best alternative in the rational decision-making process is called _____.

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Question 11 11. Which SWOT analysis involves those things which can negatively affect an organization's bottom line?

Question 12 12. According to the lesson, which of the following is NOT a listed threat for McDonald's?

Question 13 13. According to the lesson, which of the following recommendations would help McDonald's improve its competitiveness?

Question 14 14. What does SWOT stand for?

Question 15 15. According to the lesson, what else is SWOT useful for besides helping an organization identify competitive advantages?

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Question 16 16. How does having experience in a given field help us with decision making?

Question 17 17. What is an example of a temporary factor that may positively affect decision making?

Question 18 18. Why does it help to ask what has worked in the past when making a new decision?

Question 19 19. What is an example of a temporary factor that may negatively affect decision making?

Question 20 20. Why is creativity important for making good decisions about your business?

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 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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