and Critical Thinking Exam Questions with All Questions
Accurately Answered 2025/2026
What does a decision grid allow the decision maker to do?
A) Examine alternatives visually and compare each against the same
criteria
B) Quantify information
C) Plot a decision over time
D) Predict when events must take place to complete a project on time -
correct answer Ans: A
Feedback:
A decision grid allows one to visually examine the alternatives and compare
each
Against the same criteria. Although any criteria may be selected, the same
criteria are
Used to analyze each alternative.
What statement regarding management decision-making aides is true?
A) They are subject to human error
B) They ensure good decision making
C) They eliminate uncertainty and risk
D) They tend to save management time - correct answer Ans: A
Feedback:
Management decision-making aides are subject to human error. Some of
these aides
Encourage analytical thinking, others are designed to increase intuitive
reasoning, and a
, Few encourage the use of both hemispheres of the brain. Despite the
helpfulness of these
Tools, there is a strong tendency for managers to favor first impressions
when making a
Decision, and a second tendency, called confirmation biases, often follows.
What is heuristics?
A) Discrete, unconscious process to allow individuals to solve problems
quickly
B) Set of rules to encourage learners to discover solutions for themselves
C) Formal process and structure in the decision-making process
D) Trial-and-error method or rules-of-thumb approach - correct answer
Ans: A
Feedback:
Most individuals rely on discrete, often unconscious processes known as
heuristics,
Which allows them to solve problems more quickly and to build upon
experiences they
Have gained in their lives. Thus, heuristics use trial-and-error methods or a
rules-ofthumb
Approach, rather than set rules, and in doing so, encourages learners to
discover
Solutions for themselves.
Which statement is true regarding an economic man style manager?
A) Lacks complete knowledge and generates few alternatives
B) Makes decisions that may not be ideal but result in solutions that have
an adequate