Decision Making MCQ
Making decisions together with others can be easier because it allows you to __________.
Answer
Correct Answer:
Seek advice from others about the decision
Note: This Question is unanswered, help us to find answer for this one
Positive support mechanisms after a loss include __________.
Answer
Correct Answer:
Both A and C
Note: This Question is unanswered, help us to find answer for this one
The first step in preparing successful marketing and sales messages is ____________________.
Answer
Correct Answer:
Motivating action
Note: This Question is unanswered, help us to find answer for this one
One fundamental difference between a process chart and a process map is that __________.
Answer
Correct Answer:
The process chart is more like a table, while the process map is more like a schematic diagram
Note: This Question is unanswered, help us to find answer for this one
In order to compare and evaluate choices, there must be a set of ______.
Answer
Correct Answer:
None of the above
Note: This Question is unanswered, help us to find answer for this one
What is the definition of evaluation?
Answer
Correct Answer:
Putting a number to a judgment, not necessarily a preference judgment, e.g., assessing a probability.
Note: This Question is unanswered, help us to find answer for this one
What is the equivalent substitute of "assessor"?
Note: This Question is unanswered, help us to find answer for this one
What does enhancement mean?
Answer
Correct Answer:
Judgment made more rational.
Note: This Question is unanswered, help us to find answer for this one
What does the enhancement of judgment mean?
Answer
Correct Answer:
More rational decisions
Note: This Question is unanswered, help us to find answer for this one
What is emulation?
Answer
Correct Answer:
Aid that mimics some expert's judgment
Note: This Question is unanswered, help us to find answer for this one
What is the name given to decisions that have an accepted way to generate and analyze information for decision-making purposes?
Answer
Correct Answer:
Empirical decisions
Note: This Question is unanswered, help us to find answer for this one
What is an empirical decision?
Answer
Correct Answer:
Information-poor decision that has an accepted way to generate and analyze information for decision-making purposes.
Note: This Question is unanswered, help us to find answer for this one
If emotions are not effectively managed, what will happen?
Answer
Correct Answer:
They can intensify a conflict
Note: This Question is unanswered, help us to find answer for this one
What is emotional inoculation?
Answer
Correct Answer:
A technique used to reduce stakeholders’ fears about decision outcomes over which they have no control.
Note: This Question is unanswered, help us to find answer for this one
What is elimination by aspects?
Answer
Correct Answer:
A technique used with multicriteria to speed decision making in short-fuse situations.
Note: This Question is unanswered, help us to find answer for this one
What is the purpose of an elicitor?
Answer
Correct Answer:
To determine someone else's judgment
Note: This Question is unanswered, help us to find answer for this one
What is an Elicitor?
Answer
Correct Answer:
Determines someone else's judgment, e.g., of uncertainty or preference.
Note: This Question is unanswered, help us to find answer for this one
What distinguishes between decision nodes and chance nodes?
Answer
Correct Answer:
Decision nodes have options which branch off while chance nodes have states which are associated with alternative decisions
Note: This Question is unanswered, help us to find answer for this one
What are the nodes from which decision options branch off called in a decision tree?
Answer
Correct Answer:
Decision nodes
Note: This Question is unanswered, help us to find answer for this one
What does Decision Tree refer to?
Answer
Correct Answer:
The use of the network-theoretical concept of tree to the uncertainty-related structuring of decision options
Note: This Question is unanswered, help us to find answer for this one
What is Decision Tree Analysis?
Answer
Correct Answer:
A method for evaluating how users make decisions in performing their tasks
Note: This Question is unanswered, help us to find answer for this one
What is the best possible consequence of the maxmin rule?
Answer
Correct Answer:
The worst possible consequence of the chosen alternative is better than the best possible consequence of any other alternative.
Note: This Question is unanswered, help us to find answer for this one
What is the main focus of decision theory?
Answer
Correct Answer:
To reveal preferences and introduce them into models of decision
Note: This Question is unanswered, help us to find answer for this one
What is the difference between decision under risk and decision under uncertainty?
Answer
Correct Answer:
When the probability distributions are unknown, one speaks about decision under uncertainty.
Note: This Question is unanswered, help us to find answer for this one
What is a Decision Support System?
Answer
Correct Answer:
A computer based system that helps the decision maker utilize data and models to solve unstructured problems.
Note: This Question is unanswered, help us to find answer for this one
What is a decision rule?
Answer
Correct Answer:
Procedure that is set in advance for making a prospective decision, in the event of a specified development.
Note: This Question is unanswered, help us to find answer for this one
What is the role of the decider in relation to the decision?
Answer
Correct Answer:
The decider is responsible for making the decision.
Note: This Question is unanswered, help us to find answer for this one
What is the decision making process?
Answer
Correct Answer:
The decision making process is the process that is used to make a decision.
Note: This Question is unanswered, help us to find answer for this one
What is a decision maker?
Answer
Correct Answer:
A person who makes the final choice among the alternatives.
Note: This Question is unanswered, help us to find answer for this one
What is the correct definition of a decision level?
Answer
Correct Answer:
A level corresponds to increases in the complexity of decisions, as assumptions about future conditions become more ambiguous.
Note: This Question is unanswered, help us to find answer for this one
What is the definition of a "decision level"?
Answer
Correct Answer:
A level that corresponds to increases in the complexity of decisions, as assumptions about future conditions become more ambiguous.
Note: This Question is unanswered, help us to find answer for this one
What is the purpose of decision analysis?
Answer
Correct Answer:
To promote insight that leads to learning
Note: This Question is unanswered, help us to find answer for this one
What is a decision aider?
Answer
Correct Answer:
A person who provides aid to the decision-maker
Note: This Question is unanswered, help us to find answer for this one
What is the main purpose of a decision aider?
Answer
Correct Answer:
Provides decision analyst or other aid to decision-maker.
Note: This Question is unanswered, help us to find answer for this one
What does a decision aid do?
Answer
Correct Answer:
Help with decision-maker by providing some insight to the decision problem.
Note: This Question is unanswered, help us to find answer for this one
What is the definition of a "decider"?
Answer
Correct Answer:
Person responsible for making choices and committing resources.
Note: This Question is unanswered, help us to find answer for this one
What is the meaning of "current decision"?
Answer
Correct Answer:
A decision that needs to be made now, before learning anything new.
Note: This Question is unanswered, help us to find answer for this one
What is a culminating prospect?
Answer
Correct Answer:
Possible places that an incremental commitment strategy may lead to.
Note: This Question is unanswered, help us to find answer for this one
What does the word "criterion" mean?
Answer
Correct Answer:
A rule or standard by which to rank the alternatives in order of desirability
Note: This Question is unanswered, help us to find answer for this one
What does criterion score mean?
Answer
Correct Answer:
To assign a score to a criterion or attribute.
Note: This Question is unanswered, help us to find answer for this one
What is the definition for 'Criterion Domain'?
Answer
Correct Answer:
The proxy measure selected to capture a criterion, such as a morale survey that is used to measure satisfaction.
Note: This Question is unanswered, help us to find answer for this one
What is a criterion domain?
Answer
Correct Answer:
The proxy measure selected to capture a criterion
Note: This Question is unanswered, help us to find answer for this one
What does the term "Criteria" mean in the context of making comparisons?
Answer
Correct Answer:
The means used to make a comparison among alternatives
Note: This Question is unanswered, help us to find answer for this one
What is the definition of criteria?
Answer
Correct Answer:
The means used to make a comparison among alternatives such as cost and quality.
Note: This Question is unanswered, help us to find answer for this one
What does "criteria weight" mean?
Answer
Correct Answer:
A quantitative value that specifies the relative important criteria.
Note: This Question is unanswered, help us to find answer for this one
What does "covaries" mean?
Answer
Correct Answer:
Depends on
Note: This Question is unanswered, help us to find answer for this one
What does Cost-benefit Analysis assess?
Answer
Correct Answer:
Whether the cost of an intervention is worth the benefit
Note: This Question is unanswered, help us to find answer for this one
What is the definition for "core problem"?
Answer
Correct Answer:
The most important and most central problem provoking action, which can be difficult to identify.
Note: This Question is unanswered, help us to find answer for this one
What is the Core model?
Answer
Correct Answer:
A coarse model addressing the target evaluation directly.
Note: This Question is unanswered, help us to find answer for this one
What is a contributor?
Answer
Correct Answer:
Attribute of interest because it influences some criterion but is not itself a criterion.
Note: This Question is unanswered, help us to find answer for this one
What is the main purpose of a consultant?
Answer
Correct Answer:
To provide professional advise relating to a decision problem of an individual, group or organization.
Note: This Question is unanswered, help us to find answer for this one
What is a constraint?
Answer
Correct Answer:
A mathematical representation of some situational factors that must be taken into consideration when optimizing a value function
Note: This Question is unanswered, help us to find answer for this one
What is the definition of a constituent?
Answer
Correct Answer:
Interested party on whose behalf decision-maker is expected to act
Note: This Question is unanswered, help us to find answer for this one
What are conspicuous alternatives?
Answer
Correct Answer:
Traditional or habitual ways of responding to core problems that arise early in a decision process.
Note: This Question is unanswered, help us to find answer for this one
What are the consequences of a decision-maker's actions?
Answer
Correct Answer:
They might be any defined outcomes or ill-defined.
Note: This Question is unanswered, help us to find answer for this one
What is conflict?
Answer
Correct Answer:
Disagreement among people with different interests, views, or agendas, causing emotional disturbance and stress.
Note: This Question is unanswered, help us to find answer for this one
What is probability based on knowledge of other events called?
Answer
Correct Answer:
Conditional probability
Note: This Question is unanswered, help us to find answer for this one
What is conditional probability?
Answer
Correct Answer:
Given some specified possibility based on knowledge of other events.
Note: This Question is unanswered, help us to find answer for this one
What are the building blocks of theories?
Note: This Question is unanswered, help us to find answer for this one
What is Comprehensive coherence?
Answer
Correct Answer:
Decision maker judgments are logically consistent; he/she is fully rational.
Note: This Question is unanswered, help us to find answer for this one
What does "complex model" mean?
Answer
Correct Answer:
A model with an elaborate structure.
Note: This Question is unanswered, help us to find answer for this one
What is the process of changing the value of a variable in a model called?
Answer
Correct Answer:
Comparative statics
Note: This Question is unanswered, help us to find answer for this one
What does the word "coherent" mean?
Answer
Correct Answer:
Obeys logical rules of consistency.
Note: This Question is unanswered, help us to find answer for this one
What is a coarse model?
Answer
Correct Answer:
A model with simpler structure
Note: This Question is unanswered, help us to find answer for this one
What does Clairvoyance refer to?
Answer
Correct Answer:
Having perfect information
Note: This Question is unanswered, help us to find answer for this one
What does it mean to have perfect information?
Answer
Correct Answer:
Knowing everything about a situation
Note: This Question is unanswered, help us to find answer for this one
What is an example of a civic decision?
Answer
Correct Answer:
A government policy
Note: This Question is unanswered, help us to find answer for this one
What is the process of selecting among identified options called?
Note: This Question is unanswered, help us to find answer for this one
What is Choice?
Answer
Correct Answer:
Selecting among identified options, a phase of the decision process.
Note: This Question is unanswered, help us to find answer for this one
What does a "Choice Fork" represent?
Answer
Correct Answer:
Branches are options, i.e., act fork.
Note: This Question is unanswered, help us to find answer for this one
What is a certainty equivalent?
Answer
Correct Answer:
Single quantity, judgmentally equated to a gamble, i.e., certainty equivalent in construction of a utility function.
Note: This Question is unanswered, help us to find answer for this one
One factor that can contribute to the production or prevention of another is known as a:
Answer
Correct Answer:
Causal factor
Note: This Question is unanswered, help us to find answer for this one
What is the relationship between variables called?
Answer
Correct Answer:
Causality
Note: This Question is unanswered, help us to find answer for this one
What is the name of the statistical concept that is described in the text?
Answer
Correct Answer:
Casual Dependence
Note: This Question is unanswered, help us to find answer for this one
What is Casual Dependence?
Answer
Correct Answer:
Co-variation where direction matters to determine the influence.
Note: This Question is unanswered, help us to find answer for this one
What does casual attributes mean?
Answer
Correct Answer:
The assignment of causes to outcomes or events that are observed.
Note: This Question is unanswered, help us to find answer for this one
What does the word "Binary" mean?
Answer
Correct Answer:
Having two possibilities
Note: This Question is unanswered, help us to find answer for this one
What is Bias?
Answer
Correct Answer:
Partiality or prejudice in interpreting information and applying it to a decision situation.
Note: This Question is unanswered, help us to find answer for this one
What is behavioral economics?
Answer
Correct Answer:
A description of how decision makers act when making decisions without the aid of normative tactics.
Note: This Question is unanswered, help us to find answer for this one
What is the alternative name for "Behavioral"?
Answer
Correct Answer:
Descriptive
Note: This Question is unanswered, help us to find answer for this one
What is a bad decision?
Answer
Correct Answer:
A failure to deal with a foreseeable event.
Note: This Question is unanswered, help us to find answer for this one
What is background knowledge?
Answer
Correct Answer:
In addition to any specified recent knowledge.
Note: This Question is unanswered, help us to find answer for this one
What is the average value?
Answer
Correct Answer:
The sum of the possible values multiplied by the probability.
Note: This Question is unanswered, help us to find answer for this one
What is the availability heuristic?
Answer
Correct Answer:
A rule of thumb that is used to acquire information in which easily accessible information is treated as diagnostic.
Note: This Question is unanswered, help us to find answer for this one
What is an attribute?
Answer
Correct Answer:
Any property, descriptive or prescriptive, of possibility distinction.
Note: This Question is unanswered, help us to find answer for this one
What is an assessor?
Answer
Correct Answer:
Judger of a factual possibility based on empirical frequency function.
Note: This Question is unanswered, help us to find answer for this one
What does assessment updating refer to?
Answer
Correct Answer:
Bayesian updating of prior to obtain the posterior probabilities
Note: This Question is unanswered, help us to find answer for this one
What does Arena refer to in the context of decision making?
Answer
Correct Answer:
The context in which a decision is made that captures background and motivating information that characterize a decision
Note: This Question is unanswered, help us to find answer for this one
What is an arbitrary assumption?
Answer
Correct Answer:
An assignment of value or probability, without reference to its realism, e.g., for analytic convenience.
Note: This Question is unanswered, help us to find answer for this one
What is the approximate equivalent of the phrase "substitute close enough to be useful"?
Answer
Correct Answer:
Approximate equivalent
Note: This Question is unanswered, help us to find answer for this one
What does "approximate equivalent" mean?
Answer
Correct Answer:
Substitute close enough to be useful.
Note: This Question is unanswered, help us to find answer for this one
What is the Anchor effect?
Answer
Correct Answer:
The failure to make adjustments after the initial estimate has been proved incorrect.
Note: This Question is unanswered, help us to find answer for this one
What does it mean to analyze?
Answer
Correct Answer:
To break into component parts and study those parts to gain a better understanding of the whole.
Note: This Question is unanswered, help us to find answer for this one
How many steps are there in the analytical decision process?
Note: This Question is unanswered, help us to find answer for this one
What does the process of analysis involve?
Answer
Correct Answer:
Separating or breaking up the component parts needed to value alternatives.
Note: This Question is unanswered, help us to find answer for this one
What does ambiguity refer to?
Answer
Correct Answer:
The inability to characterize or describe important aspects of a decision
Note: This Question is unanswered, help us to find answer for this one
What is ambiguity?
Answer
Correct Answer:
The inability to characterized or describe important aspects of a decision.
Note: This Question is unanswered, help us to find answer for this one
What is the definition of an "alternative"?
Answer
Correct Answer:
One of the mutually exclusive courses of action attaining the objectives.
Note: This Question is unanswered, help us to find answer for this one
What is an aiding method?
Answer
Correct Answer:
A Variation of a decision tool.
Note: This Question is unanswered, help us to find answer for this one
What is an additive component?
Answer
Correct Answer:
Elements of a quantity, e.g. utility partitioned into additive criteria.
Note: This Question is unanswered, help us to find answer for this one
What is the opposite of hypothetical judgment?
Answer
Correct Answer:
Actual judgment
Note: This Question is unanswered, help us to find answer for this one
What is actor learning?
Answer
Correct Answer:
Determining the accuracy of information offered by experts in a decision process
Note: This Question is unanswered, help us to find answer for this one
What is the main focus of active listening?
Answer
Correct Answer:
What the other person is saying
Note: This Question is unanswered, help us to find answer for this one
What does "action" mean?
Answer
Correct Answer:
Committing resources, usually following a choice.
Note: This Question is unanswered, help us to find answer for this one
What is action learning?
Answer
Correct Answer:
Learning focused on outcomes and the future conditions that should have been foreseeable and that produced these outcomes
Note: This Question is unanswered, help us to find answer for this one