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Quantitative Decision Making and Risk Analysis Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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Question 1 1. There are areas that you research when doing an environmental scan

Question 2 2. What is the purpose of analyzing alternatives?

Question 3 3. What are the main components of the strategic management process?

Question 4 4. Why is it important to develop a control and evaluation system?

Question 5 5. What are key deliverables?

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Question 6 6. What is the third step in the decision making process?

Question 7 7. In the strategic management process, which step comes after environmental scanning?

Question 8 8. Which of the following best defines payback analysis?

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. What are limiting factors?

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Question 11 11. Define how to develop a strategy.

Question 12 12. Why do managers use decision-making tools?

Question 13 13. Why are simulations useful?

Question 14 14. 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 15 15. The first step in the decision making process is to

Quantitative Decision Making and Risk Analysis Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

Business 116: Quantitative Analysis  /  Business Courses
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