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CAT Introduction to Decision Making - Practice Questions & MCQ

Edited By admin | Updated on Sep 25, 2023 25:47 PM | #CAT

Quick Facts

  • 11 Questions around this concept.

Solve by difficulty

Directions for question :

A word and number arrangement machine when given an input line of words and numbers rearranges them following a particular rule in each step. The following is an illustration of an input and its rearrangement :

Input : world 65 32 95 bottle forth 46 hollow 28 15 give comment

Step I : 95 65 32 bottle forth 46 hollow 28 15 give comment world

Step II : 15 95 65 32 bottle forth 46 28 give comment world hollow

Step III : 65 15 95 32 bottle forth 46 28 comment world hollow give

Step IV : 28 65 15 95 32 bottle 46 comment world hollow give forth

Step V : 46 28 65 15 95 32 bottle world hollow give forth comment

Step VI : 32 46 28 65 15 95 world hollow give forth comment bottle (final output)

Answer the following questions based on the following input in the above word and number arrangement machine :

‘fire  89  amend  the  28  16  bullet  crowd  35  53  here  68’

Question :

Which of the following would be Step II ?

Directions for question :

A word and number arrangement machine when given an input line of words and numbers rearranges them following a particular rule in each step. The following is an illustration of an input and its rearrangement :

Input : world 65 32 95 bottle forth 46 hollow 28 15 give comment

Step I : 95 65 32 bottle forth 46 hollow 28 15 give comment world

Step II : 15 95 65 32 bottle forth 46 28 give comment world hollow

Step III : 65 15 95 32 bottle forth 46 28 comment world hollow give

Step IV : 28 65 15 95 32 bottle 46 comment world hollow give forth

Step V : 46 28 65 15 95 32 bottle world hollow give forth comment

Step VI : 32 46 28 65 15 95 world hollow give forth comment bottle (final output)

Answer the following questions based on the following input in the above word and number arrangement machine :

‘fire  89  amend  the  28  16  bullet  crowd  35  53  here  68’

Question :

Which element is exactly between ‘89’ and ‘bullet’ in Step IV ?

Directions for question:

The film director Mr Rohit Shetty wants an actress for the lead role of Meenamma in his film, who perfectly fits the description that appears in the original screenplay. He is not willing to consider actresses who do not resemble the character as she is described in the screenplay, no matter how talented they are. 

The screenplay describes Meenamma as a slim, thirty something brunette, with average height, deep brown eyes, very fair skin, and a brilliant smile. 

The casting agent has four actresses in mind :

Actress 1 is a stunning brunette beauty who is 5'9" and in her mid-twenties. Her eyes are brown and she has an olive complexion.

Actress 2 has black hair, big brown eyes, and a fair complexion. She is in her mid-thirties and is 5'5".

Actress 3 is 5'4" and of medium build. She has black hair, brown eyes, and is in her early thirties.

Actress 4 is a blue-eyed brunette in her early twenties. She's of very slight build and stands at 5'.

Mr Rajat Mohta owns West Bengal’s largest plastic and packaging unit M/s Shashi Plastics. He is on friendly terms with West Bengal’s environment minister, Mr Manas Ranjan Bhunia. However, with the recent declaration that India would be committed to be a plastic free country, the country has decided to reduce plastic and plastic packaging by fifty percent over the next decade as plastic bags are non-biodegradable. Mr Bhunia is under great pressure from the central government to shut down all plastic packaging units in his state. However he stands firm and decides not to do so. Mr Mohta is most ecstatic about this decision and promises to help Mr Bhunia in any way he can. After a few months, Mr Bhunia requests Mr Mohta that his nephew be inducted in Mr Mohta’s company as a Manager. Mr Bhunia’s nephew has just passed his graduation in Commerce and has no work experience.  The corporate rules at M/s Shashi Plastics dictate that employees should have at least eight to ten years of prior experience before he/she can be considered for a manager’s position. 

Question:

What should Mr Mohta do?

Directions for question:

The selection committee of a company laid down the following criteria of selection for the post of Manager – Accounts :

1) The candidate must be a postgraduate in Commerce

2) The candidate must have completed 21 years and should not be more than 35 years as on 31.07.2022

3) If the candidate does not satisfy the criterion in (1) above but has completed his CA examination he/she will referred to Director – Finance, who can allow the candidate to appear in the interview if otherwise eligible

4) If the candidate fulfils all the criteria mentioned in (1) and (2) above, he/she will be called for group discussion

5) The candidate must get 50% marks to qualify in the group discussion

6) If the candidate qualified in the group discussion he/she will be called for interview

7) The candidate must get 30% marks in the interview (out of 50) to get finally selected

Based on the above criteria, decide which of the following courses of action should be taken in case of candidates described in each of the following questions :

Question:

Mr. Sengupta, whose date of birth is 14.11.1989, is a postgraduate with Commerce and has obtained 60% marks in the interview. 

 

Concepts Covered - 1

Introduction to Decision Making

Decision Making is a critical aspect of data interpretation and problem-solving. It involves assessing available information, evaluating options, and choosing the most suitable course of action to achieve specific goals or solve a problem effectively.

Key Concepts in Decision Making:

  • Information Analysis: Decision Making begins with gathering and analyzing relevant information. This information can be factual data, expert opinions, or past experiences.
  • Options Evaluation: Once the information is analyzed, various options or alternatives are assessed based on predefined criteria.
  • Rational Choice: Decision Making aims to make rational choices that maximize benefits, minimize risks, and align with the desired outcomes.

Interpreting Decision Making: Decision Making scenarios require you to:

  • Analyze the provided information.
  • Consider the available options.
  • Evaluate the pros and cons of each option.
  • Make a reasoned and informed decision.

Example Decision Making:

Let's explore a detailed example of a Decision Making scenario to illustrate these concepts:

Scenario: Buying a New Car

Given Information: You are in the market for a new car. You have researched various car models, and you have the following information:

  • Car Model A is known for its fuel efficiency, but it has a higher upfront cost.
  • Car Model B is more affordable initially, but it has higher maintenance costs.
  • Car Model C has a good balance between cost and fuel efficiency.

Logical Questions:

  • Decision Criteria:
    • What factors are essential to consider when choosing a new car?
  • Option Evaluation:
    • Assess the advantages and disadvantages of each car model (A, B, and C) based on your criteria.
  • Rational Choice:
    • Which car model would you choose, considering your priorities and preferences?

Answers:

  • Decision Criteria:
    • Factors to consider when choosing a new car may include fuel efficiency, upfront cost, maintenance costs, safety features, brand reputation, and personal preferences.
  • Option Evaluation:
    • Car Model A: High fuel efficiency, higher upfront cost, average maintenance costs.
    • Car Model B: Affordable upfront cost, higher maintenance costs, average fuel efficiency.
    • Car Model C: Good balance of cost and fuel efficiency, reasonable upfront cost, and maintenance costs.
  • Rational Choice:
    • Based on your priorities and preferences, you might choose Car Model C because it offers a reasonable balance between cost and fuel efficiency.

Conclusion:

Decision Making is a crucial skill for solving real-life problems and making informed choices. It involves a systematic approach to assessing information, evaluating options, and selecting the best course of action based on predefined criteria. Proficiency in Decision Making empowers individuals to make sound decisions in various personal and professional contexts.

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