Decision Making: Check for Understanding

Decision Making: Check for Understanding

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Question 1 of 4

1. Question
1. What is the purpose of the “Consider all the alternatives” step in the DECIDE model?
- To identify the best alternative
- To establish specific criteria for evaluating options
- To develop a plan of action
- To narrow down the decision's focus
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Question 2 of 4

2. Question
What is “analysis paralysis” as a psychological barrier to decision-making?
- Relying too heavily on past experiences
- Prioritizing agreement over critical thinking
- Becoming mentally exhausted from making too many decisions
- Becoming paralyzed and unable to make a decision due to analyzing too much information
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Question 3 of 4

3. Question
Which of the following best describes the sunk cost fallacy?
- The tendency to seek out information that confirms existing beliefs.
- The tendency to continue investing in a decision or project because of time, money, or resources already invested, even if it no longer makes sense to do so.
- The belief that we have more control over a situation than we actually do.
- The tendency to underestimate risks and not prepare adequately for potential outcomes.
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Question 4 of 4

4. Question
What is the purpose of assigning weights to each criterion in a decision matrix?
- To identify the criteria that need to be evaluated
- To score each potential solution on each criterion using a numerical scale
- To calculate the total score for each potential solution
- To prioritize the criteria based on their relative importance
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