Decision-Making Process Quiz

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

• Identify alternatives

• Define the problem

• Make a decision

• Evaluate the outcome

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

• Time available

• Available resources

• Both a and b

• None of the above

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

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

Which of the following describes "delayed gratification"?

• Seeking immediate satisfaction

• Waiting for a better reward later

• Making impulsive decisions

• Choosing the quickest option

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

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

Which of the following is an example of a trade-off?

• Saving money instead of spending it

• Choosing between two job offers

• Spending time with family instead of working overtime

• All of the above

In decision-making, why is it important to define the problem clearly?

• It helps to avoid making any decision

• It allows for better evaluation of alternatives

• It speeds up the process

• It reduces the need for alternatives

When considering alternatives, what should you focus on?

• The easiest option

• The costliest option

• The potential outcomes and consequences

• The option with the most support