Think you're a pretty savvy decision-maker? Take this quiz, adapted from Why Decisions Fail: Avoiding the Traps and Blunders that Lead to Debacles (Berrett-Koehler, $22.95), by Paul C. Nutt. The author, who teaches management at the Fisher College of Business at Ohio State University, analyzed 400 decisions in U.S. companies over 20 years to see which ones didn't work out and what went wrong. Answer "true" or "false" to each of the following questions.

1. Spectacularly bad decisions get a lot of media attention, but in fact most decisions that companies make every day are sound ones.