#1
Which of the following is NOT a step in the decision-making process?
Implementing the first solution that comes to mind
ExplanationDecision-making involves considering multiple options before implementation.
#2
What is the primary purpose of strategic planning?
To allocate resources efficiently
ExplanationStrategic planning aims to optimize resource allocation for organizational goals.
#3
Which of the following is NOT a characteristic of effective decision-making?
Based solely on intuition
ExplanationEffective decision-making involves a balance of intuition and rational analysis.
#4
What is the purpose of decision-making in organizations?
To facilitate goal achievement
ExplanationDecision-making helps organizations achieve their objectives efficiently.
#5
Which of the following is NOT a step in the rational decision-making model?
Implementing the first solution that comes to mind
ExplanationRational decision-making involves systematic evaluation of alternatives before action.
#6
What is the primary purpose of operational planning?
To implement day-to-day tasks
ExplanationOperational planning focuses on the execution of routine activities to achieve organizational objectives.
#7
Which of the following is NOT a potential barrier to effective decision-making?
Diverse perspectives
ExplanationDiverse perspectives enhance decision-making by providing a broader range of insights and solutions.
#8
Which decision-making model emphasizes maximizing economic outcomes?
Rational decision-making model
ExplanationThis model prioritizes logical analysis to achieve the best economic results.
#9
What is 'bounded rationality' in decision-making?
Making decisions within constraints and limited information
ExplanationIt acknowledges the limitations in decision-making due to constraints and incomplete information.
#10
What is the purpose of SWOT analysis in strategic planning?
To evaluate internal and external factors
ExplanationSWOT analysis assesses strengths, weaknesses, opportunities, and threats to inform strategic decisions.
#11
Which type of decision-making involves relying on 'gut feelings' and intuition?
Intuitive decision-making
ExplanationIntuitive decision-making relies on instincts and feelings rather than explicit reasoning.
#12
Which of the following is a characteristic of a well-defined problem in decision-making?
Clear objectives
ExplanationWell-defined problems have clearly stated objectives and parameters.
#13
In decision-making, what does the acronym SMART stand for?
Specific, Measurable, Achievable, Relevant, Timely
ExplanationSMART criteria help ensure that objectives are well-defined and achievable.
#14
Which decision-making model emphasizes the importance of social and political factors?
Political decision-making model
ExplanationPolitical decision-making considers power dynamics and social influences in decision processes.
#15
Which of the following is a characteristic of group decision-making?
Usually faster than individual decision-making
ExplanationGroups can make decisions more quickly by pooling diverse perspectives.
#16
What is the 'satisficing' approach in decision-making?
Selecting an alternative that meets the minimum requirements
ExplanationIt involves choosing the first satisfactory option rather than seeking the optimal solution.
#17
Which of the following is a potential drawback of group decision-making?
Groupthink
ExplanationGroupthink occurs when group members prioritize harmony and conformity over critical evaluation of ideas.
#18
What is the role of a decision tree in decision-making?
To map out various decision alternatives and their potential outcomes
ExplanationDecision trees visually represent decision alternatives and their associated probabilities and outcomes.
#19
Which of the following is a key component of decision-making under uncertainty?
Risk assessment
ExplanationAssessing risks allows decision-makers to anticipate and manage uncertainties.
#20
Which of the following is a characteristic of decentralized decision-making?
Greater flexibility and adaptability
ExplanationDecentralized decision-making empowers local units with autonomy, fostering agility and responsiveness.
#21
Which of the following is a characteristic of effective implementation in decision-making?
Flexibility to adapt to changing circumstances
ExplanationEffective implementation requires agility to adjust strategies based on evolving conditions.