Visual Quiz #5

In perceptive information gathering, analysis is partly done as the data collection progresses, so the
decision-making process is _____.
A. Faster
B. Non-optimal
C. Shorter
D. Finalized

Most management decisions are related to _____, which cannot be accurately defined or predicted.
A. Political behavior
B. Economic behavior
C. Human behavior
D. Marketing strategy

A decision is worthless if it cannot be _____.

A. Critiqued
B. Written
C. Reviewed
D. Implemented

It is a systematic approach to collecting facts and applying logical decision-making techniques, instead of
generalizing from experience, intuition, or trial-and-error.
A. SWOT Analysis
B. Decision-making
C. Routine Decision
D. None of the above

Management decision is difficult when information is incomplete, and this is caused by _____.
A. Uncertainty and risk
B. Time constraints and information costs
C. Ambiguous information
D. All of the above

When extremely necessary, a bad decision is better than no decision at all.

True

“Management decision-making is often an art rather than a science” is similar to everyday decision-making
in the sense that it only requires common sense from the manager.
False

A manager must see things from his/her own perspective, and assume that his/her own solution is right.
False

Unique problems require a solution and a decision every time they occur.
True

Managers proceed with uncertainty and continually check the consequences of their decisions, being
prepared to alter it if required by circumstances.
False