What Is a Decision Strategy in Business?


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question 1 of 3

In relation to business, which of the following best describes a decision strategy?

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1. Which of the following most accurately defines automatic decision making?

2. What chart does a decision strategy most resemble?

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About This Quiz & Worksheet

Business partnerships are vital to creating a thriving company, however individual decision-making skills may not be equitable. It is important, therefore, to have strategies for making business decisions. This quiz assesses your understanding of the best and worst decision-making strategies and their part in a business.

Quiz & Worksheet Goals

This assessment tests your understanding of:

  • Characteristics of good and bad decisions
  • Decision strategies
  • Decision strategy processes

Skills Practiced

  • Making connections - use understanding of the concept of decision strategies
  • Distinguishing differences - compare and contrast the characteristics of good and bad decisions
  • Information recall - access the knowledge you've gained regarding decision strategies and their attributes

Additional Learning

If you are curious to learn more about decision strategies, review the lesson titled What is a Decision Strategy in Business? This lesson further defines the basic concepts of decision making, including:

  • Decision strategies
  • Quantitative calculations
  • Good decision characteristics
  • Characteristics of bad decisions
  • Step-by-step process for decision strategies