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Management : Chapter 5 - Managerial Decision Making
Prepared by Joshi Paul, Sarvodayam VHSS Aryampadam, Thrissur.
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1. Short term decisions are also known as
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1 point
Strategic decisions
Tactical decisions
Rational decisions
Programmed decisions
2. Expansion, modernisation, & diversification are ......... decisions
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1 point
Short term decisions
Tactical decisions
Irrational decisions
Strategic decisions
Match the following
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3 points
Programmed
Irrational
Rational
3. cost – benefit analysis
4. Custom, Beliefs & Faith
5. Stock market
Programmed
Irrational
Rational
3. cost – benefit analysis
4. Custom, Beliefs & Faith
5. Stock market
6. Capital Budgeting decisions are ....... decisions.
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1 point
Long term decision
Short term
Medium term
None of these
7. Decisions are automatically taken :
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1 point
Programmed
Tactical
Policy
Non programmed
8. Find the odd one
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1 point
Short term decisions
Rational decisions
Programmed decisions
Supervisory decisions
9. Find the odd one
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1 point
Recognise the need for decision making
Define the problem
Inform the government
Identify & evaluate alternatives
10. Policy decisions are taken by ............. level management.
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1 point
Middle level management
Top level management
Lower level management
None of these
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