Mastering Decision Making Skills

Which of the following is the first step in the decision-making process?

• Evaluating alternatives

• Identifying the problem

• Implementing the decision

• Gathering information

What is the primary purpose of gathering information during decision making?

• To delay the decision-making process

• To ensure all possible options are considered

• To make the decision more complex

• To avoid making a decision

Which of the following is a quantitative method used in decision making?

• SWOT analysis

• Cost-benefit analysis

• Brainstorming

• Delphi method

In decision making, what does the term "opportunity cost" refer to?

• The cost of the best alternative foregone

• The cost of implementing a decision

• The cost of gathering information

• The cost of evaluating alternatives

Which of the following is a common barrier to effective decision making?

• Having too much information

• Clear objectives

• A structured process

• Diverse perspectives

What is the role of intuition in decision making?

• It should be completely ignored

• It can complement analytical methods

• It is the only factor to consider

• It is irrelevant in complex decisions

Which of the following is an example of a decision-making model?

• The Waterfall model

• The Vroom-Yetton model

• The Agile model

• The Spiral model

What is the main advantage of group decision making?

• It is faster than individual decision making

• It eliminates all biases

• It brings diverse perspectives and ideas

• It requires less information

Which of the following is a technique used to generate creative solutions in decision making?

• Benchmarking

• Brainstorming

• Budgeting

• Forecasting

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

• Identifying the problem

• Gathering information

• Evaluating the decision

• Implementing the decision