Unit 3 - 1.6 Factors that affect quality of decision making

Unit 3 - 1.6 Factors that affect quality of decision making

11th - 12th Grade

10 Qs

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Unit 3 - 1.6 Factors that affect quality of decision making

Unit 3 - 1.6 Factors that affect quality of decision making

Assessment

Quiz

Business

11th - 12th Grade

Practice Problem

Medium

Created by

Michael Yates

Used 10+ times

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10 questions

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1.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Which factor that improves the quality of decision-making finds the right balance of too little and too much information?

Access to relevant information

Access to decision-making tools

Availability of finance

Key personnel

Training of managers in decision-making skills

2.

MULTIPLE SELECT QUESTION

15 mins • 1 pt

Select all the challenges of access to relevant information:

It is sometimes too difficult to obtain information

Too much information can be overwhelming

Too much information can introduce inaccuracies

None of the answers

3.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Multi-voting and decision trees are examples of

Decision-making tools

Consultation

Finance

Power differentials

Key personnel

4.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

True or False. Decision-making tools can help to increase the speed of decisions and improve the effectiveness and quality of decisions.

True

False

5.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

True or False. The more funds a business has access to --> the less options can be adopted.

True

False

6.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Fill in the blank. Staff with knowledge, skills, and experience help to ________ the likelihood of a successful outcome.

Increase

Decrease

Equilibriate

None of the answers

7.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Fill in the blank. If managers are familiar with the decision-making process, then a business is more likely to adopt a __________ approach to solving problems and finding solutions

Systematic

Chaotic

Organic

Randomised

None of the answers

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