Managerial Decision Making Quiz

An informal alliance among managers who support a specific goal or solution is called...

Which model uses the concepts of Bounded Rationality and Satisficing?

• Rational model

• Administrative model

• Political model

• Classical model

What is the first step in the managerial decision-making process?

• Recognition of decision requirement

• Evaluation and feedback

• Development of alternatives

• Diagnosis and analysis of causes

What does the term 'satisficing' refer to?

• Choosing without any criteria

• Choosing the best possible solution

• Choosing based on group consensus

• Choosing the first solution that meets minimum criteria

Which of the following is a characteristic of the political model of decision making?

• Clear-cut goals and certainty

• Ambiguous information and conflicting goals

• Full information about alternatives

• Rational choice for maximizing outcomes

What is groupthink?

• The ability to make quick decisions

• The process of brainstorming in groups

• The method of evaluating alternatives

• The tendency to suppress contrary opinions

What is the purpose of a devil's advocate in decision making?

• To support the majority opinion

• To challenge assumptions and assertions

• To facilitate group harmony

• To make the final decision

Which of the following is NOT a type of personal decision style?

• Analytical

• Directive

• Intuitive

• Conceptual

What is the main focus of evidence-based decision making?

• Relying on group consensus

• Following past experiences without question

• Making decisions based on the best available facts

• Using intuition to guide decisions

What does the term 'escalating commitment' refer to?

• Seeking diverse opinions in decision making

• Evaluating the effectiveness of a decision

• Making quick decisions without analysis

• Continuing to invest in a failing decision