2024 MOST RECENT UPDATE
EXAM PRACTICE MOST TESTED COMPREHENSIVE
QUESTIONS AND VERIFIED CORRECT ANSWERS GET
IT 100% RIGHT GRADE A+ ALL PASSED 2O24 /2025
EDITION
which of the following analytical techniques helps us
arrive at the best decision?
a. predictive analytics
b. data mining
c. prescriptive analytics
d. descriptive analytics - (correct answer) c.
prescriptive analytics
__________ is the most critical step of the decision
making process
a. choosing an alternative
b. identifying and defining the problem
,c. evaluating the alternatives
d. determining the set of alternatives - (correct answer)
b. identifying and defining the problem
data-driven decision making tends to decrease a firm's
_______
a. market value
b. productivity
c. risk
d. profit - (correct answer) c. risk
the decision variables of a model are also known as the
_________
a. uncontrollable output
b. controllable inputs
c. environmental factors
d. projected results - (correct answer) b. controllable
inputs
, decision criteria ________________
a. are the choices faced by the decision maker
b. are the problems faced by the decision maker
c. are the ways to evaluate the choices faced by the
decision maker
d. must be unique for a problem - (correct answer) c.
are the ways to evaluate the choices faced by the
decision maker
Tables should be used instead of charts when
a. the reader needs relative comparisons of data
b. there are more than two columns of data
c. the values being displayed have different units or very
different magnitudes
d. the reader need not differentiate the columns and
rows - (correct answer) c. the values being displayed
have different units or very different magnitudes