Decision Making Vocabulary

What does the term 'Bias' mean in decision making?

• A tendency to favor certain outcomes or perspectives

• A method to ensure fairness in decisions

• A random choice without any preference

• A systematic approach to decision making

Explain the concept of 'Theory' in the context of decision making.

• A systematic framework for understanding and analyzing decision-making processes.

• A random guess made during decision making.

• An unstructured approach to decision making.

• A personal opinion about decision making.

What is 'Model' in decision making?

• A representation of a system or process used to analyze and make decisions

• A type of decision that is made without any data

• A random choice made during decision making

• An emotional response to a decision

Define 'Principle' as it relates to decision making.

• A fundamental truth or proposition that serves as the foundation for a system of belief or behavior or for a chain of reasoning.

• A detailed plan or procedure for achieving a specific goal.

• A random choice made without any reasoning.

• An unimportant rule that can be ignored.

What is meant by 'Effect' in decision making?

• The outcome of a decision

• The process of making a decision

• The tools used in decision making

• The people involved in decision making

Describe 'Information' in the context of decision making.

• Information is data that has been processed to be useful in decision making.

• Information is a random collection of data points.

• Information is irrelevant to decision making.

• Information is only useful in historical analysis.

Likelihood in decision making refers to:

• The probability of an event occurring

• The impact of a decision

• The cost associated with a decision

• The time taken to make a decision

Explain 'Commitment' in decision making.

• Commitment in decision making refers to the dedication to a chosen course of action.

• Commitment in decision making is the ability to change decisions frequently.

• Commitment in decision making means avoiding any decision-making process.

• Commitment in decision making is unrelated to the decision-making process.

What is 'Credibility' in decision making?

• The quality of being trusted and believed in

• The ability to make decisions quickly

• The process of evaluating alternatives

• The act of choosing the best option

Motivation as it pertains to decision making is defined as:

• The process of making choices by identifying a decision, gathering information, and assessing alternative resolutions.

• The reason or reasons one has for acting or behaving in a particular way.

• A mental process resulting in the selection of a course of action among several alternatives.

• The act of choosing between two or more possibilities.