
CHAPTER 3 DECISION MAKING MGT162
Authored by wani zol
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Devil's advocacy approach refer to a technique that uses the experts to make predictions and forecasts about future events without meeting face to face.
true
false
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the brainstorming technique, ideas will be criticized and evaluated quickly during the session.
true
false
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Amran want to buy a house. He collects the local real estate market data and financial data. Based on the data, he develop some cases, such as buying a small house close to the downtown or buying a bigger house in a suburb area. After making cases, it is time to predict what happens in each case. If he buys a house in a suburb, he has more room, access to nature, more friendly community, but the house appreciation will probably not be too much. In the other case, he might have a smaller house, access to more restaurants and nightlife events, and his house will appreciate significantly in the current market. This refer to which decision making situation
Risk
Uncertainty
Certainty
Ambiguity
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Uncertainty is a condition where there is no knowledge about the future events while risk refer to the probability of winning or losing something worthy.
true
false
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
A man lost his job and is unable to pay his rent. Because of this, he makes the choice to steal money from the local convenience store. In this situation, the man makes decision under _______situation whereby he already knew the potential of the outcome.
certainty
risk
uncertainty
ambiguity
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Programmed decision involves making _______decision
routine
unique
unusual
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Barkoba wanted to purchase a new car. He has surveyed some of the car models and evaluated those which fits to his criteria. In the decision making process, this refer to which steps?
Step 3: generating alternatives
Step 2: identifying objectives
Step 4: evaluating alternatives
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