Decision-Making in Business Leadership Quiz

Systematic approach to decision-making based on logic and analysis.

Criteria for setting objectives that are clear, measurable, and attainable within a defined timeframe.

Inability to make decisions due to excessive analysis or consideration of options.

Theory describing how individuals evaluate and choose between different options subject to risk and uncertainty.

Process where employees are involved in making decisions, often resulting in higher commitment and satisfaction.

To assess strengths, weaknesses, opportunities, and threats to inform strategic decision-making.

Decision-making style characterized by autocratic decision-making by an individual.

Provides insights and aids decision-making alongside analytical reasoning.

Tool to systematically compare alternatives based on criteria to aid decision-making.

Theory advocating actions that produce the greatest balance of pleasure over pain for all affected parties.

Restrictions on human rationality when making decisions, typically due to limited information and cognitive capabilities.

Conditions characterized by volatility, uncertainty, complexity, and ambiguity that affect decision-making.

Phenomenon where group cohesion leads to poor decision-making due to pressure to conform.

Method for multicriteria decision-making using pairwise comparisons to determine relative importance.

Mistake of continuing an endeavor because of already invested resources, ignoring current costs and benefits.

Leadership style where leaders provide minimal guidance, allowing subordinates to make decisions.

Points in a decision tree where choices must be made.

Mental shortcuts or simplified decision-making rules used to expedite the decision process.

Approach to decision-making based on instinct, intuition, or heuristics rather than systematic analysis.