Practice Introduction of Decision Making Questions and Answers

• As per the behavioural theory of decision making by Herbert Simon, there are three essential stages in the act of problem solving and decision making. What...
• Chandra is planning a team-building weekend trip and wants the trip to take place at Goa. However, he is unable to find a venue that can accommodate the te...
• When the decision maker chooses the optimal solution to a problem that maximises the outcome, after careful analysis, it is known as ________
• Which of the following is a not feature of a programmed decision?
• A decision taken in response to a problem that has already taken place, is known as _____________
• As per Herbet Simon’s bounded rationality theory, the decision made is ______ in nature.
• Decision Matrix is a type of __________ technique of decision making.
• After a below normal monsoon season, the farmers suffered loss in the actual harvest for the year. The government released relief package for the farmers o...
• In a democratic decision-making style, the decision is based on inputs from _____
• Which of the following best describes a decision tree?
• Leaders use specific and different styles when contemplating decisions. One such style is the directive decision making style. Which of the following is/ar...
• Which of the following is NOT one of the biases in decision making?
• Rational decision making is a multi-step process starting with defining the problem. What is the next step in this process?
• Non-Programmed decisions address the _________ problems.
• Which of the following correctly defines decision making?
• Decision making process first requires identification of problem. Which of the following types of problems can be considered here?
• Which of the following style of decision-making focuses on long term?
• Which of the following is not a disadvantage of group decision making?
• A company is deciding on whether to buyout its competitor or not. One group is analysing all the pros of buying out while another group is listing down all...
• Which of the following style of decision-making is likely to conflict with bounded rationality theory?
• _____________ refer to decisions that employees make each day to make the organization run.
• The bounded rationality model can be used in the following situations except when __________
• SWOT analysis is done by managers to help evaluate various options and make a decision. What does O in SWOT stand for?
• Which of the following is not a quantitative technique of decision making?
• As per Herbert’s Decision-making theory, the stage in which the final decision is made is referred to as ______
• The tendency to blame others when things go wrong, instead of looking objectively at the situation is known as __________ bias.
• What is the first step in the decision-making process?
• Why is it crucial to clearly define the problem in decision-making?
• What is the purpose of identifying possible solutions in decision-making?
• How does brainstorming contribute to identifying possible solutions?
• What criterion is essential when selecting the best solution in decision-making?
• How does prioritizing criteria contribute to selecting the best solution?
• Why is it necessary to eliminate other solutions in the decision-making process?
• What can be a consequence of not eliminating other solutions before making a decision?
• What does the final step, making the decision, involve?
• How does effective communication contribute to the decision-making process?
• What is a common barrier to accurately identifying a problem?
• What is the significance of involving relevant stakeholders in problem identification?
• Why is it important to consider ethical implications when identifying possible solutions?
• What is a potential drawback of relying solely on intuition when identifying possible solutions?