Mastering Decision Making Skills

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

• Analyze the consequences of the decision

• Evaluate the outcomes of the decision

• Gather information about the options

• Identify the decision to be made

Which of the following is a common barrier to effective decision making?

• Lack of information

• Cognitive bias

• Overconfidence

• Excessive time pressure

What does SWOT analysis stand for?

• Strengths, Weaknesses, Opportunities, Tactics

• Strengths, Weaknesses, Opportunities, Threats

• Strengths, Weaknesses, Opportunities, Trends

• Strengths, Weaknesses, Options, Threats

In decision making, what does the term 'risk' refer to?

• The likelihood of achieving a positive outcome in decision making.

• The certainty of success in a given situation.

• The process of evaluating all possible choices without any uncertainty.

• The potential for loss or negative outcomes in decision making.

Which decision-making style is characterized by a high level of involvement from others?

• Consensus decision-making style

• Laissez-faire decision-making style

• Participative (Democratic) decision-making style

• Autocratic decision-making style

What is the purpose of brainstorming in decision making?

• The purpose of brainstorming in decision making is to generate diverse ideas and solutions collaboratively.

• To limit the number of ideas generated.

• To focus solely on individual opinions.

• To eliminate all but one solution quickly.

Which of the following is NOT a type of decision-making model?

• intuitive judgment

• random choice

• logical reasoning

• analytical thinking

What is the role of intuition in decision making?

• Intuition is solely based on logical reasoning.

• Intuition eliminates the need for any prior knowledge.

• Intuition is always accurate and never leads to mistakes.

• Intuition aids in quick decision making by leveraging past experiences and subconscious knowledge.

How can setting clear goals improve decision making?

• Setting clear goals complicates decision making by adding unnecessary steps.

• Setting clear goals leads to indecision and confusion about priorities.

• Setting clear goals has no impact on the decision-making process.

• Setting clear goals improves decision making by providing focus, clarity, and a framework for evaluating options.

What is a common technique for evaluating options in decision making?

• Cost-benefit analysis

• Decision matrix

• Brainstorming

• SWOT analysis