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Quantitative Analysis: Tutoring Solution Final Exam

Free Practice Test Instructions:

Choose your answer to the question and click 'Continue' to see how you did. Then click 'Next Question' to answer the next question. When you have completed the free practice test, click 'View Results' to see your results. Good luck!

Question 1 1. Which of the following best defines payback analysis?

Question 2 2. According to the Task and Bonus System, an employee _____.

Question 3 3. What is the third step in the decision making process?

Question 4 4. There are areas that you research when doing an environmental scan

Question 5 5. Pessimistic Time is defined as _____.

Question 6 6. What are key deliverables?

Question 7 7. Why is it important to develop a control and evaluation system?

Question 8 8. What are limiting factors?

Question 9 9. If we have an investment of $25,000, and will save $5,000 a year due to that investment, what is the payback time frame in years?

Question 10 10. Joe's supervisor has asked how long it will take for him to finish a project. Joe anticipates a 'best case' scenario of 4 hours, a 'worst case' scenario of 8 hours, and a 'probable' scenario of 5 hours. Using the formula to calculate 'Expected Time', Joe should tell his supervisor the project will take _____.

Question 11 11. What must be done before a PERT analysis can take place?

Question 12 12. Optimistic Time is defined as _____.

Question 13 13. You work in an IT company that, so far, has only produced relatively cheap computers. Your company is trying to decide whether or not to introduce a new line of products. Why would a decision tree be useful?

Question 14 14. The first step in the decision making process is to

Question 15 15. What are the main components of the strategic management process?

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Quantitative Analysis: Tutoring Solution Final Free Practice Test Instructions

Choose your answer to the question and click 'Continue' to see how you did. Then click 'Next Question' to answer the next question. When you have completed the free practice test, click 'View Results' to see your results. Good luck!

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