Decision Analysis MCQs (Chapterwise Multiple Choice Questions)

The rational model of decision making is also called the ________ model.

Nonrational

Classical

Rational

Answer & Explanation

Correct Answer: Classical

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An analysis that combines scenario analysis with sensitivity analysis is called _____ analysis.

Forecasting.

Combined.

Complex.

Simulation

Answer & Explanation

Correct Answer: Simulation

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When you write an unsolicited cover letter, ________.

Require more research than solicited letters.

Irritate the personnel office staff.

Are never read.

Almost never result in a job offer

Answer & Explanation

Correct Answer: Require more research than solicited letters.

Note: This Question is unanswered, help us to find answer for this one

In a(n) _____, team members prepare to lunge at each other to achieve their objectives.

Dodge

Resequencing

Scrum

Adaptation

Answer & Explanation

Correct Answer: Scrum

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A(n) _____ is a situation in which something is obviously wrong or has the potential to go wrong.

Performance threat

Root cause of the problem

Confirmation error

None of these

Answer & Explanation

Correct Answer: Performance threat

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Unstructured problems are ________.

Are easily solved

Present familiar circumstances

Force managers to deal with incomplete or ambiguous information

Are routine

Answer & Explanation

Correct Answer: Force managers to deal with incomplete or ambiguous information

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A decision tree is ____.

A structure of problem-solving ideas, with its roots based on the organization's mission

The hierarchy that must be followed when getting decisions approved

A graph of decisions and their possible consequences

A location used by Chinese philosopher Confucius in times of intense pressure

An organization's decision network

Answer & Explanation

Correct Answer: A graph of decisions and their possible consequences

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A person who satisfices fails to ________.

Maximize his or her decision

Understand his or her position

Accept the truth of a situation

Make any kind of decision

Answer & Explanation

Correct Answer: Maximize his or her decision

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_____ refers to the process of identifying problems and then resolving them.

Organizing

Controlling

Decision-making

Planning

Leading

Answer & Explanation

Correct Answer: Decision-making

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The classical model of decision making is based on _____ assumptions.

Philosophical

Irrational

Economic

Uncertainty

Technological

Answer & Explanation

Correct Answer: Economic

Note: This Question is unanswered, help us to find answer for this one

Decision Analysis Quick Quiz

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