SMPS CPSM QUESTIONS AND ANSWERS SET A+
✔✔Utility - ✔✔Approach to ethics that favors the opinion that will bring the greatest net
benefit to society as a whole
✔✔Justice - ✔✔Approach to ethics that emphasizes fairness - an equal distribution of
the costs and benefits among those affected by a decision.
✔✔Rights - ✔✔Approach to ethics where emphasis is placed on individual welfare
rather than the consequences of a decision
✔✔Research Objective - ✔✔A short statement that expresses the result you hope to
achieve through the use of information obtained through a particular research project.
✔✔Audit - ✔✔Practice of assessing your current position - where your firm stands right
now in terms of finances, visibility within a market sector, your competition, and a variety
of other measures.
✔✔Research Request Agreement - ✔✔A document clearly stating the research problem
to be addressed, including a background of the problem that needs to be researched,
how the information collected will be used, who this information will be gathered from,
and other logistics.
✔✔Decision Problem - ✔✔The basic question to which your research is intended to
provide an answer
✔✔Literature Search - ✔✔Method of exploratory research where information is
gathered from various secondary sources.
✔✔Data Mining - ✔✔Technique of sifting through vast amounts of information to find
statistical patterns amidst data sets.
✔✔Knowledge Management - ✔✔Process by which organization knowledge is
captured, stored and disseminated within a company.
✔✔Utility - ✔✔Approach to ethics that favors the opinion that will bring the greatest net
benefit to society as a whole
✔✔Justice - ✔✔Approach to ethics that emphasizes fairness - an equal distribution of
the costs and benefits among those affected by a decision.
✔✔Rights - ✔✔Approach to ethics where emphasis is placed on individual welfare
rather than the consequences of a decision
✔✔Research Objective - ✔✔A short statement that expresses the result you hope to
achieve through the use of information obtained through a particular research project.
✔✔Audit - ✔✔Practice of assessing your current position - where your firm stands right
now in terms of finances, visibility within a market sector, your competition, and a variety
of other measures.
✔✔Research Request Agreement - ✔✔A document clearly stating the research problem
to be addressed, including a background of the problem that needs to be researched,
how the information collected will be used, who this information will be gathered from,
and other logistics.
✔✔Decision Problem - ✔✔The basic question to which your research is intended to
provide an answer
✔✔Literature Search - ✔✔Method of exploratory research where information is
gathered from various secondary sources.
✔✔Data Mining - ✔✔Technique of sifting through vast amounts of information to find
statistical patterns amidst data sets.
✔✔Knowledge Management - ✔✔Process by which organization knowledge is
captured, stored and disseminated within a company.
