CMAT Critical Thinking and Decision Making

Question 1

Which of the following best describes the concept of 'critical thinking'?

Accepted Answer

Evaluating arguments and evidence to form well-reasoned judgments

Answer

Memorizing facts and information for quick recall

Answer

Following established procedures without questioning them

Answer

Accepting information provided by authority figures

Question 2

In decision making, 'bounded rationality' refers to:

Accepted Answer

Making decisions within the limits of available information and cognitive capacity

Answer

Making decisions with unlimited and perfect information

Answer

Using only mathematical models to reach decisions

Answer

Always selecting the mathematically optimal solution

Question 3

Project A has a 70% chance of earning $100,000 and a 30% chance of losing $50,000. What is the expected monetary value of Project A?

Accepted Answer

$55,000

Answer

$50,000

Answer

$70,000

Answer

$85,000

Question 4

Which decision-making model assumes that decision makers have complete information and always select the best possible option?

Accepted Answer

Rational model

Answer

Bounded rationality model

Answer

Intuitive model

Answer

Political model

Question 5

'Confirmation bias' in decision making refers to the tendency to:

Accepted Answer

Seek information that confirms pre-existing beliefs

Answer

Confirm decisions through multiple stakeholder reviews

Answer

Use statistical methods to validate a hypothesis

Answer

Follow a structured multi-step confirmation process

Question 6

Which analytical tool helps decision makers evaluate options under uncertainty by mapping out possible choices and their outcomes?

Accepted Answer

Decision tree

Answer

Gantt chart

Answer

SWOT analysis

Answer

Fishbone diagram

Question 7

The 'devil's advocate' approach in group decision making is used to:

Accepted Answer

Challenge the prevailing view to improve the quality of analysis

Answer

Delay the decision-making process indefinitely

Answer

Appoint a single person to make all final decisions

Answer

Avoid interpersonal conflict within the group