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Decision-Making Process Quiz

Authored by Ticey Little

Business

9th Grade

Used 9+ times

Decision-Making Process Quiz
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45 questions

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1.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

What is the first step in the decision-making process?

Identify alternatives

Define the problem

Make a decision

Evaluate the outcome

2.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Which of the following is essential when considering alternatives in decision-making?

Time available

Available resources

Both a and b

None of the above

3.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

After making a decision, what is the next step in the decision-making process?

Forgetting about it

Evaluating the decision

Identifying new problems

Seeking feedback

4.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

What is "instant gratification"?

Choosing an immediate reward over a potentially greater reward later

Delaying a reward for a better outcome

Ignoring rewards altogether

Evaluating all possible rewards

5.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Which of the following describes "delayed gratification"?

Seeking immediate satisfaction

Waiting for a better reward later

Making impulsive decisions

Choosing the quickest option

6.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

A "trade-off" occurs when:

You gain something without losing anything

You give up one thing to gain another

You avoid making a decision

You make a decision without considering alternatives

7.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

What is "opportunity cost"?

The money saved during a decision

The value of the next best alternative not chosen

The cost of implementing a decision

The risk of making a wrong decision

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