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Managerial Decision Making Quiz

Authored by NOORDIANA SUKUR

Social Studies

University

Used 1+ times

Managerial Decision Making Quiz
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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary focus of decision making in management?

Maximizing profits

Increasing employee satisfaction

Minimizing costs

Responding to opportunities and threats

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of decision is characterized by routine and automatic processes?

Non-programmed decision

Programmed decision

Strategic decision

Operational decision

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an example of a programmed decision?

Responding to a sudden market change

Launching a new product line

Hiring new workers when overtime increases by 10%

Addressing a customer complaint

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of decision making occurs in response to unpredictable opportunities?

Programmed decision

Non-programmed decision

Strategic decision

Routine decision

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the term 'bounded rationality' refer to?

The process of evaluating all alternatives

The use of intuition in decision making

Cognitive limitations in decision making

The ability to make perfect decisions

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a reason for incomplete information in decision making?

Overconfidence

Information costs

Time constraints

Lack of access to data

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does 'satisficing' mean in the context of decision making?

Choosing the best possible option

Making decisions based on intuition

Searching for a satisfactory response

Evaluating all possible alternatives

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