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C207 MGMT 6010 (DATA DRIVEN DECISION MAKING) COMPREHENSIVE FA REVIEW 2025

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C207 MGMT 6010 (DATA DRIVEN DECISION MAKING) COMPREHENSIVE FA REVIEW 2025C207 MGMT 6010 (DATA DRIVEN DECISION MAKING) COMPREHENSIVE FA REVIEW 2025C207 MGMT 6010 (DATA DRIVEN DECISION MAKING) COMPREHENSIVE FA REVIEW 2025











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Uploaded on
February 7, 2025
Number of pages
27
Written in
2024/2025
Type
Class notes
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C207 MGMT 6010

Data Driven Decision Making

Comprehensive FA Review (Qns & Ans)

2025



1. What is the primary benefit of using data-driven decision-
making in healthcare management?
- A) Increasing the number of patients
- B) Enhancing the accuracy of decisions
- C) Reducing employee workload
- D) Limiting patient care options
- ANS: B) Enhancing the accuracy of decisions

©/2025

, - Rationale: Data-driven decision-making enhances the
accuracy of decisions by leveraging data and analytics to provide
evidence-based insights.


2. Which of the following is a common tool used in data analysis
for decision-making?
- A) SWOT analysis
- B) Root cause analysis
- C) Data visualization software
- D) Five Forces analysis
- ANS: C) Data visualization software
- Rationale: Data visualization software is commonly used in
data analysis to help interpret complex data sets and present
findings in an understandable format.


Fill-in-the-Blank Questions


3. The __________ approach involves using historical data to
predict future trends and outcomes.
- ANS: predictive analytics
- Rationale: Predictive analytics uses historical data to predict
future trends and outcomes, helping organizations make informed
decisions.

©/2025

, 4. __________ is the process of gathering, cleaning, and
analyzing data to generate actionable insights for decision-
making.
- ANS: Data analysis
- Rationale: Data analysis involves gathering, cleaning, and
analyzing data to generate actionable insights that inform
decision-making.


True/False Questions


5. True or False: Data-driven decision-making eliminates the
need for human judgment in healthcare management.
- ANS: False
- Rationale: Data-driven decision-making complements
human judgment by providing evidence-based insights, but
human expertise and contextual understanding remain essential.


6. True or False: Machine learning algorithms can improve the
accuracy of predictive analytics in healthcare management.
- ANS: True
- Rationale: Machine learning algorithms can enhance the
accuracy of predictive analytics by identifying patterns and trends


©/2025

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