Decision Making Quiz

What is the first stage in rational decision making?

• Identify the Problem or Opportunity

• Think Up Alternative Solutions

• Evaluate Alternatives and Select a Solution

• Implement and Evaluate the Solution Chosen

Which decision-making style relies on intuition and has a long-term perspective?

• Conceptual Style

• Behavioral Style

• Analytical Style

• Directive Style

What is a common decision-making bias where one seeks information to support their point of view?

• Confirmation Bias

• Overconfidence Bias

• Sunk-Cost Bias

• Availability Bias

What is a drawback of group decision making?

• Deeper commitment to the decision

• Different perspectives

• Greater pool of knowledge

• Groupthink

What is the road map to ethical decision making called?

• Ethical Compass

• Decision Tree

• Moral Guide

• Decision Matrix

Which type of AI is based on a person's explicit and tacit knowledge?

• Engaging Customers and Employees

• Data Analysis

• Holistic Hunch

• Automated Business Processes

What is the main hindrance to perfectly rational decision making?

• Different Priorities

• Imperfect Information

• Time and Money Constraints

• Complexity

What is the last stage in rational decision making?

• Identify the Problem or Opportunity

• Implement and Evaluate the Solution Chosen

• Think Up Alternative Solutions

• Evaluate Alternatives and Select a Solution

Which decision-making style is action-oriented and focuses on facts?

• Directive Style

• Analytical Style

• Conceptual Style

• Behavioral Style

What is a benefit of evidence-based decision making?

• Increased Overconfidence

• Enhanced Decision Making

• Less Data Analysis

• Decreased Use of AI