Chapter 5 Test For Principles Of Management Quiz
Chapter 5 test for principles of management tuesday
- 1.What is the first step in the decision making process?
- A.
Evaluation decision effectiveness
- B.
Analysing alternatives
- C.
Implementation of alternative
- D.
Identification of a problem
- E.
Selection of alternative
- 2.Decision makers are:
- A.
Measurable and quantifiable
- B.
Always know the outcome
- C.
Rational, logical, and objective
- D.
Never know the outcome
- 3.Maximax means:
- A.
Maximizing the maximum profit
- B.
Maximizing the minimum profit
- C.
Minimizing maximum regret
- D.
Maximizing maximum regret
- 4.Maximin means:
- A.
Maximizing the maximum profit
- B.
Maximizing the minimum profit
- C.
Minimizing maximum regret
- D.
Maximizing maximum regret
- 5.Minimax means:
- A.
Maximizing the maximum profit
- B.
Maximizing the minimum profit
- C.
Minimizing maximum regret
- D.
Maximizing maximum regret
- 6.A structured problem is
- A.
Repetitive and uses a routine approach
- B.
A series of interrelated steps
- C.
Statement that limits what a manager can or cannot do
- D.
Clear goals, familiar, easy and completely defined
- E.
A guideline for decision making
- 7.A programmed decision is a
- A.
Repetitive and uses a routine approach
- B.
A series of interrelated steps
- C.
Statement that limits what a manager can or cannot do
- D.
Clear goals, familiar, easy and completely defined
- E.
A guideline for decision making
- 8.A procedure is
- A.
Repetitive and uses a routine approach
- B.
A series of interrelated steps
- C.
Statement that limits what a manager can or cannot do
- D.
Clear goals, familiar, easy and completely defined
- E.
A guideline for decision making
- 9.A rule is
- A.
Repetitive and uses a routine approach
- B.
A series of interrelated steps
- C.
Statement that limits what a manager can or cannot do
- D.
Clear goals, familiar, easy and completely defined
- E.
A guideline for decision making
- 10.A policy is
- A.
Repetitive and uses a routine approach
- B.
A series of interrelated steps
- C.
Statement that limits what a manager can or cannot do
- D.
Clear goals, familiar, easy and completely defined
- E.
A guideline for decision making
- 11.Unstructured problems are
- A.
New problems
- B.
Unusual problems
- C.
Information is incomplete
- D.
All of the above
- 12.These decisions are unique, nonrecurring, and custom made
- A.
Structured decisions
- B.
Programmed decisions
- C.
Unstructured decisions
- D.
Non programmed decisions
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