WorksheetsIMS555 - Chapter 1 (Recap)
Total questions: 10
Worksheet time: 8mins
The act of committing to a choice or coming to a solution is a called________________
Creating a Vision
Managing Change
Ending Conclusion
Decision Making
The decision-making process starts with gathering information.
True
False
What is the FIRST step of the decision-making process?
make a plan!
make a decision
identify the problem
evaluate choices
When you make a decision, you should first define your problem. Next you should_________________________.
make a decision
gather information
generate alternatives
evaluate your choice
_________________ is a choice made between alternative courses of action in a situation of uncertainty.
Judgement
Resolution
Decision
Action
Descriptive decision theory is all about
I. Shows people process their problem
II. Shows how people do actually make decisions
III. Shows either people behave differently or that there is something wrong with
normative theories
IV. People frequently act in ways deemed to be irrational by decision theorists
I and II
II, III and IV
I, II and IV
III and IV
Problem solving is a set of actions designed to analyze
I. situation timely
II. create solutions
III. situation systematically
IV. impose solutions
V. evaluate solutions
I, II and III
II, III and V
I, IV and V
All above
Unstructured decision problem can be described as below EXCEPT
Non-programmed decision
Existing classic mathematical models
Fuzzy, uncertain and vague
Human intuition as basis in decision making
Decision analysis bridges the gap between descriptive observations of the way people do make choices and the normative guidelines for how they should make choices.
This statement best described ____________.
Normative Decision Theory
Bayesian Theory
Descriptive Decision Theory
Prescriptive Decision Theory
Which of the following best described the development of a theory?
Theory > Experiment > Observation > Theory
Theory > Prediction > Experiment > Observation > Theory
Experiment > Observation > Theory > Prediction
Theory > Experiment > Observation
