Decision Making Heuristics Quiz
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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 (D)</p> Signup and view all the answers

What is a heuristic?

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

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

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

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

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

How often do managers typically use intuitive decision making?

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

Who first used the concept of Division of Labour?

<p>Adam Smith (B)</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 (A)</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 (B)</p> Signup and view all the answers

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

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

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