Decision-Making Skills Quiz

The initial phase involves recognizing and defining the issue or challenge.

Effective decision-makers acknowledge and manage risks rather than avoiding them.

Intuitive decisions rely on unconscious knowledge and experience rather than explicit reasoning.

SMART criteria guide goal-setting by ensuring objectives are Specific, Measurable, Achievable, Relevant, and Time-bound.

Anchoring bias involves giving excessive importance to the first piece of information encountered when making decisions.

While important, implementing the solution is not a step in the problem-solving process, which typically involves defining, analyzing, and generating solutions.

Decision trees visually display options and outcomes, aiding in a comprehensive decision-making process.

SWOT analysis assesses Strengths, Weaknesses, Opportunities, and Threats by listing the positive and negative aspects.

Overconfidence can hinder effective decision-making by leading individuals to overestimate their abilities or the accuracy of their judgments.

Confirmation bias involves favoring information that supports one's preexisting beliefs or values.

VUCA describes the challenging aspects of decision-making in a volatile, uncertain, complex, and ambiguous environment.

Collaborative decision-making aims to achieve agreement and alignment among all relevant parties.

Delphi technique aims to achieve consensus by gathering input from a panel of experts anonymously.

The rational decision-making model proposes a systematic approach with six steps for making optimal decisions.

Risk management in decision-making focuses on identifying, assessing, and minimizing potential risks.

The behavioral decision-making model recognizes the role of emotions and intuition in influencing decisions.

The rational decision-making model suggests that individuals make decisions by systematically weighing the costs and benefits of each available option.