Business Decision Making Quiz

When is the individual decision-making method applicable? (3.5.1)

• When the problem is complicated and difficult to define

• When democracy is a crucial requirement for decision-making

• When complex analysis and calculations are necessary

• When the problem-solving method is clear and simple

Which of the following is the ability to make considered decisions or come to sensible conclusions

• judgment

• Creativeness

• Experience

• Quality ability

What is an advantage of the group decision-making method? (3.5.2)

• Lack of information

• More complete information knowledge

• Quick decision-making

• Clear responsibility for decisions

''The first phase in decision-making process is to identify alternatives which need to be solved"(3.4.1.1)

• True

• False

What is an advantage of quantitative methods in decision-making? (3.5.3)

• Difficulty in building a true-to-reality model

• Uncertainty in important management determinants

• Providing a clear quantitative basis

• Creating a gap between administrators and mathematicians

Which one below is an example of objective factors that influence the decision making process?

• Creativeness

• Economic changes

• Judgment

• Experience

Which statement is not a base of management decision making?

• Organization presets goals

• Law and social norms

• General factors

• Effectiveness

How many phases did most authors say about the decision implementation process ? (3.4.2)

• 7

• 6

• 5

• 8

''Business decisions are divided into two types: Programmed decisions and non-programmed decisions.''

• True

• False

Which of the following are/is not (a) subjective factor(s) affecting the decision making process?

• Experience

• The ability to analyze and conclude based on facts

• Economic changes

• The ability to interpret the meaning in mathematics