LOMA 335: Module 2 (Chapters 5-9)
Exam Questions and Answers 100%
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Decision Analysis - ✔✔Formal process for defining a decision problem and evaluating
decision alternatives, and it encompasses all efforts and activities leading up to a
decision.
Decision Criteria - ✔✔Simple to understand rules a decision maker uses to evaluate
decision alternatives.
Authorization Decision Process - ✔✔Decision process that relies on the decision maker
to dictate a choice.
Democratic Decision Process - ✔✔A decision process that requires involving a whole
group in a structured choice format with a binding commitment to implement the
majority choice under a "one person, one vote" format.
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, Collaborative Decision Process - ✔✔A decision process that requires a leader to obtain
group contributions but allows the leader to select the decision that has reasonable
acceptance in the relevant group.
Consensus Decision Process - ✔✔A decision process that requires all group members to
understand and accept a solution jointly before jointly choosing the course of action.
Intuitive Decision Process - ✔✔A mental process that leads to a satisfactory choice.
Scientific Method - ✔✔A process of obtaining useful information by following
systematic and rigorous research procedures.
Evidenced-Based Management Approach - ✔✔A decision process that asks the decision
maker to look at the readily available objective evidence and make a reasonable
decision in a reasonable timeframe.
Benchmark Study - ✔✔A comparison study of expenses and other measure of
operational performance for several companies.
Exploratory Research - ✔✔Type of research that involves collecting background
information to refine the statement of the research purpose, reviewing existing
literature, and understanding the need for further research steps, and finding reports
discussing a similar situation to current management problem.
Research framework - ✔✔An explanation of the reason for a research project.
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Exam Questions and Answers 100%
Pass
Decision Analysis - ✔✔Formal process for defining a decision problem and evaluating
decision alternatives, and it encompasses all efforts and activities leading up to a
decision.
Decision Criteria - ✔✔Simple to understand rules a decision maker uses to evaluate
decision alternatives.
Authorization Decision Process - ✔✔Decision process that relies on the decision maker
to dictate a choice.
Democratic Decision Process - ✔✔A decision process that requires involving a whole
group in a structured choice format with a binding commitment to implement the
majority choice under a "one person, one vote" format.
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, Collaborative Decision Process - ✔✔A decision process that requires a leader to obtain
group contributions but allows the leader to select the decision that has reasonable
acceptance in the relevant group.
Consensus Decision Process - ✔✔A decision process that requires all group members to
understand and accept a solution jointly before jointly choosing the course of action.
Intuitive Decision Process - ✔✔A mental process that leads to a satisfactory choice.
Scientific Method - ✔✔A process of obtaining useful information by following
systematic and rigorous research procedures.
Evidenced-Based Management Approach - ✔✔A decision process that asks the decision
maker to look at the readily available objective evidence and make a reasonable
decision in a reasonable timeframe.
Benchmark Study - ✔✔A comparison study of expenses and other measure of
operational performance for several companies.
Exploratory Research - ✔✔Type of research that involves collecting background
information to refine the statement of the research purpose, reviewing existing
literature, and understanding the need for further research steps, and finding reports
discussing a similar situation to current management problem.
Research framework - ✔✔An explanation of the reason for a research project.
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