Effective Decision-Making Quiz

Identifying the issue to be addressed sets the stage for decision-making.

SWOT analysis involves assessing internal Strengths and Weaknesses along with external Opportunities and Threats.

Decisiveness entails thoughtful consideration and firmness in decision-making, contrasting with impulsiveness and lack of caution associated with recklessness.

Decision avoidance involves evading decision-making processes entirely, often due to fear, uncertainty, or indecision.

Autocratic decision-making involves unilateral decision-making after consulting others.

Groupthink refers to the tendency to conform to group consensus, often leading to poor decisions.

The rational model involves systematic steps to arrive at the most logical decision.

Sunk cost fallacy involves considering past investments rather than future outcomes in decision-making.

Decision fatigue results from the mental exhaustion caused by making numerous decisions, leading to poorer choices over time.

Consensus decision-making entails reaching an agreement through collaboration and mutual understanding.

Confirmation bias leads to favoring information that supports existing beliefs, potentially overlooking contrary evidence.

Intuition serves as a valuable complement to analytical thinking, providing insights and shortcuts.

The law of diminishing returns suggests that increasing resources may not always lead to proportional benefits.

Anchoring bias refers to the tendency to rely heavily on the first piece of information encountered when making decisions.

VUCA refers to the volatile, uncertain, complex, and ambiguous nature of the environment in decision-making.

Emotional intelligence improves self-awareness and interpersonal skills, aiding in making more informed and empathetic decisions.