Search Header Logo

Decision-Making Process Quiz

Authored by Natalie L

Business

University

Used 14+ times

Decision-Making Process Quiz
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

27 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

Determine the decision alternatives

Evaluate the costs and benefits of the alternatives

Identify the decision problem

Make the decision

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which step involves evaluating the costs and benefits of the alternatives?

Step 1

Step 2

Step 3

Step 4

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the final step in the decision-making process?

Make the decision

Review the results of the decision

Identify the decision problem

Determine the decision alternatives

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are relevant costs also known as?

Fixed costs

Sunk costs

Differential, incremental, or avoidable costs

Overhead costs

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a criterion for relevant cost classification?

Must occur in the past

Must be the same across all alternatives

Must occur in the future

Must be a fixed cost

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Relevant costs must differ between what?

Different time periods

Decision alternatives

Various departments

Budget constraints

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are irrelevant costs?

Costs that do not have the potential to influence a decision.

Costs that are crucial for decision-making.

Costs that vary with each decision.

Costs that are future-oriented.

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?