Decision Making Heuristics Quiz
12 Questions
1 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

Which factor is NOT included in the 4 M's of Management?

  • Men
  • Management Body (correct)
  • Machinery
  • Material

    • Which skill is mentioned in the text as essential for a manager to identify key factors?

  • Decision making skills
  • Political skills
  • Interpersonal skills
  • Analytical skills (correct)

    • Is it true that the amount of time and efforts given for planning and organizing the activities are equal at all levels of management?

  • Partially true
  • False (correct)
  • True
  • Cannot be determined

    • What is the most important resource of any organization according to the text?

    <p>Manpower</p> Signup and view all the answers

    What is a heuristic?

    <p>A shortcut or rule of thumb that is used for decision making</p> Signup and view all the answers

    Which of the following is NOT assumed in a rational decision?

    <p>A clear and unambiguous problem</p> Signup and view all the answers

    Systems are primarily used to help what kinds of decision makers?

    <p>Lower-level managers</p> Signup and view all the answers

    How often do managers typically use intuitive decision making?

    <p>More than half of the time</p> Signup and view all the answers

    Who first used the concept of Division of Labour?

    <p>Adam Smith</p> Signup and view all the answers

    Is the statement 'A leader is always a perfectionist' true or false according to the text?

    <p>False</p> Signup and view all the answers

    Which management theorist defined 'Division of Labour' as the division of work among different individuals?

    <p>Adam Smith</p> Signup and view all the answers

    What does 'Division of Labour' in management principle involve?

    <p>Separation of Labour</p> Signup and view all the answers

    More Like This

    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser