Home > Management 101 > Quizzes > Management 101: Decision Making
Management 101: Decision Making
Fast practice, instant feedback. Timer auto-submits when time’s up.
Avg score: 45% • Most missed: “A series of sequential steps used to respond to a well-structured problem”
Management 101: Decision Making
Time left 00:00
20 Questions

1. An increased commitment to a previous decision despite evidence it may have been wrong

2. The systematic use of the best available evidence to improve management practice

3. Problems that are new or unusual and for which information is ambiguous or incomplete

4. Unique and nonrecurring decisions that require a custom-made solution

5. Rules of thumb that managers use to simplify decision making

6. Overconfidence; Immediate gratification; Anchoring effect; Selective perception; Confirmation; Framing; Availability; Representation; Randomness; Sunk costs; Self-serving; Hindsight

7. Describes choices that are logical and consistent and maximize value

8. A guideline for making decisions

9. An explicit statement that tells managers what can or cannot be done

10. 1: Identifying a problem; 2: Identifying decision criteria; 3: Allocating weights to the criteria; 4 Developing alternatives; 5 Analyzing alternatives; 6: Selecting an alternative; 7: Implementing the alternative; 8: Evaluating decision effectiveness

11. Subconscious mental processing; Values or ethics-based decisions; Experience-based decisions; Affect-initiated decisions; Cognitive-based decisions

12. Making decisions on the basis of experience - feelings - and accumulated judgment

13. Straightforward - familiar - and easily defined problems

14. A situation in which the decision maker is able to estimate the likelihood of certain outcomes

15. A choice among two or more alternatives

16. A series of sequential steps used to respond to a well-structured problem

17. An obstacle that makes it difficult to achieve a desired goal or purpose

18. A situation in which a manager can make accurate decisions because all outcomes are known

19. A repetitive decision that can be handled by a routine approach

20. A situation that a decision maker has neither certainty nor reasonable probability estimates available

⚡ Recently practiced quizzes in this topic
Live quiz activity
Management Practice Test: The Management Environment Logistics Management Practice Test E-Supply Chains and Logistics Practice Test Management Practice Test: Foundations of Decision Making Business Relationship Management (BRM) Practice Test Questions Digital Business Practice Test Questions Penn Foster BUS 101 Introduction to Business Core Finance Questions Entrepreneurship Development Practice Test Production and Operations Management Practice Test Questions
 
❤ If you liked Fatskills, consider supporting us by checking out The Life Manuals You Never Got.

🌈  Our mission is to help improve your scores in any subject and exam withonline quizzes, practice tests, study guides, & advice for students. Since 2018.
About | Explore | User Guide | Topics | Subjects | Doubt Solver | Career Aptitude Test | Answers | Free Tools | OSHA Basics Quiz | What Should We Know?
Privacy | Terms |
Without work one finishes nothing. - Ralph Waldo Emerson
© 2026 Fatskills.com

All trademarks, logos and brand names are the property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, trademarks and brands does not imply endorsement.