Chapter 5 Test For Principles Of Management Quiz

12 Questions | Total Attempts: 433

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Principles Of Management Quizzes & Trivia

Chapter 5 test for principles of management tuesday


Questions and Answers
  • 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