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HL - Chapter 06

Total questions: 14

Worksheet time: 7mins

Name
Class
Date
1.

What is the main topic of Chapter 06?

a)

Financial Management

b)

Organizational Planning Tools

c)

Marketing Strategies

d)

Human Resources Management

2.

Which of the following is a characteristic of scientific decision-making?

a)

Based on experience

b)

Uses data analysis

c)

Relies on gut feeling

d)

Spontaneous choices.

3.

What is the first step in the scientific decision-making process?

a)

Control and review

b)

Set Objectives

c)

Gather Data

d)

Consider all options.

4.

What is the purpose of gathering data in scientific decision-making?

a)

To make spontaneous decisions

b)

To rely on gut feeling

c)

To analyze problems and find solutions

d)

To skip the decision process.

5.

Which step involves evaluating all possible options in scientific decision-making?

a)

Set Objectives

b)

Consider all options

c)

Plan & implement the decision

d)

Control and review

6.

What is the final step in the scientific decision-making process?

a)

Decide between

b)

Plan & implement the decision

c)

Control and review

d)

Gather Data

7.

Which decision-making process uses a formal framework?

a)

Intuitive decision-making

b)

Scientific decision-making

c)

Spontaneous decision-making

d)

Emotional decision-making

8.

What does the step 'Decide between' involve in scientific decision-making?

a)

Setting objectives

b)

Choosing the best option

c)

Gathering data

d)

Reviewing the decision.

9.

What problem is being analyzed in the Fishbone diagram?

a)

Late for Work

b)

Early for School

c)

Missing a Meeting

d)

Losing a Job

10.

Which of the following is a potential cause listed under 'Environment' in the Fishbone diagram?

a)

Traffic Jam

b)

Bonus

c)

Children

d)

Alarm Clock

11.

Which of the following is a potential cause listed under 'Materials' in the Fishbone diagram?

a)

Petrol

b)

Children

c)

Alarm Clock

d)

Traffic Jam

12.

Which of the following is a potential cause listed under 'Measurement' in the Fishbone diagram?

a)

Bonus

b)

Fog

c)

Children

d)

Petrol

13.

What is the main problem addressed by the Fishbone diagram in the image?

a)

Late for Work

b)

Early for School

c)

Missing a Flight

d)

Losing a Wallet

14.

What is the investment cost for the 'Just an investment' decision?

a)

$33,333.33

b)

$800,000.00

c)

$1,000,000.00

d)

$550,000.00