Management Decision-Making Quiz
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Questions and Answers

What is the key to success in management and career?

  • Effective decision making (correct)
  • Networking
  • Risk-taking
  • Innovation
  • How many steps are there in the decision-making process described in the text?

  • Six
  • Ten
  • Eight (correct)
  • Five
  • What is the definition of a decision according to the text?

  • A choice among two or more alternatives (correct)
  • A choice between two alternatives
  • A choice among three or more alternatives
  • A choice between multiple alternatives
  • What does the text emphasize as relevant to both personal and corporate decisions?

    <p>The decision-making process</p> Signup and view all the answers

    What is described as affecting decision making in the text?

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

    Study Notes

    Management Fifteenth Edition, Global Edition Chapter 2 Making Decisions

    • The text covers eight steps in the decision-making process and five approaches managers can use when making decisions.
    • It also discusses the classification of decisions and decision-making styles.
    • The impact of biases on decision making is described.
    • The text identifies cutting-edge approaches for improving decision making.
    • The key to success in management and career is effective decision making.
    • A decision is defined as a choice among two or more alternatives.
    • Exhibit 2.1 shows the eight steps in the decision-making process, relevant to personal and corporate decisions.
    • The decision-making process is crucial for both personal and corporate decisions.
    • The text emphasizes the relevance of the decision-making process to personal and corporate decisions.
    • It highlights the importance of being an effective decision maker for success in management and career.
    • The text underlines that the decision-making process is applicable to personal as well as corporate decisions.
    • The exhibit demonstrates the relevance and applicability of the decision-making process to both personal and corporate decisions.

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    Description

    Test your understanding of the decision-making process in management with this quiz based on Chapter 2 of "Management Fifteenth Edition, Global Edition." Explore the eight steps in the decision-making process, the five approaches managers can use when making decisions, decision classification, biases' impact, and cutting-edge decision-making approaches.

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