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1.Multiple-choicequestions(10questions,2pointseach)1.Whichisacommondecision-makingtool?A.SWOTanalysisB.PERTchartC.GanttchartAnswer:A2.Whenchoosingaproject,whichfactorismostimportant?A.CostB.TimeC.AlignmentwithgoalsAnswer:C3.Whatdoes“opportunitycost”referto?A.ThecostofseizinganopportunityB.ThecostofnotchoosingthenextbestalternativeC.ThecostofimplementingaplanAnswer:B4.Ifaprojecthasahighriskbutpotentiallyhighreturn,itisa(n)____choice.A.ConservativeB.AggressiveC.NeutralAnswer:B5.Whichmethodcanbeusedtoevaluatealternatives?A.Cost-benefitanalysisB.BrainstormingC.FishbonediagramAnswer:A6.Adecisiontreeismainlyusedfor____.A.PresentingdataB.Analyzingrisksindecision-makingC.TeamcommunicationAnswer:B7.Whenconsideringdifferentalternatives,thevariablecosts____.A.RemainthesameB.ChangewiththelevelofactivityC.ArefixedovertimeAnswer:B8.Whatisthefirststepinthedecision-makingprocess?A.IdentifyalternativesB.DefinetheproblemC.EvaluatealternativesAnswer:B9.“Sunkcosts”shouldbe____indecision-making.A.ConsideredcarefullyB.IgnoredC.GivenmoreweightAnswer:B10.Ifyouwanttochooseanalternativewiththeleastregret,youmayuse____.A.MinimaxregretmethodB.MaximinmethodC.MaximaxmethodAnswer:A2.Multiple-selectquestions(10questions,2pointseach)1.Whichofthefollowingareimportantfactorsinchoosingamarketingstrategy?()A.TargetmarketB.CompetitoranalysisC.CompanyresourcesAnswer:ABC2.Whenchoosinganewtechnologyforacompany,whatshouldbeconsidered?()A.CompatibilityB.CostC.TrainingrequirementsAnswer:ABC3.Elementsofagooddecision-makingprocessinclude()A.CleargoalsB.SufficientinformationC.EvaluationofalternativesAnswer:ABC4.Whichtoolscanhelpingeneratingalternatives?()A.BrainstormingB.DelphimethodC.BenchmarkingAnswer:ABC5.Risksassociatedwithabusinessdecisionmayinclude()A.MarketrisksB.TechnologicalrisksC.RegulatoryrisksAnswer:ABC6.Whenselectingasupplier,factorstoconsiderare()A.QualityofproductsB.PriceC.DeliverytimeAnswer:ABC7.Inprojectselection,keyperformanceindicatorsmayinvolve()A.ProfitabilityB.CustomersatisfactionC.ProjectcompletiontimeAnswer:ABC8.Whatarethebenefitsofgroupdecision-making?()A.DiverseperspectivesB.MorecreativityC.HigheracceptanceofdecisionsAnswer:ABC9.Whenchoosinganinvestmentoption,youneedtoconsider()A.ReturnoninvestmentB.LiquidityC.RisklevelAnswer:ABC10.Whichaspectsshouldbeevaluatedinabusinessexpansiondecision?()A.MarketpotentialB.FinancialresourcesC.HumanresourcesAnswer:ABC3.TrueorFalsequestions(10questions,2pointseach)1.Thebestdecisionalwaysresultsinmaximumprofit.(False)2.Qualitativefactorsarenotimportantindecision-making.(False)3.Cost-benefitanalysisonlyfocusesonfinancialcostsandbenefits.(False)4.Onceadecisionismade,itcannotbechanged.(False)5.Intuitionhasnoplaceinmoderndecision-making.(False)6.Indecision-making,fixedcostsarealwaysrelevant.(False)7.Adecisiontreecanclearlyshowallpossibleoutcomesofadecision.(True)8.TheDelphimethodismainlyusedforevaluatingalternatives.(False)9.Opportunitycostisalwayseasytomeasure.(False)10.Whenchoosinganalternative,onlytheshort-termimpactneedstobeconsidered.(False)4.Shortanswerquestions(4questions,5pointseach)1.Question:Brieflydescribethestepsofcost-benefitanalysis.Answer:First,identifyallcosts(direct,indirect,etc.)andbenefits(financial,non-financial)relatedtothedecision.Then,assignmonetaryvaluestothemasmuchaspossible.Finally,comparethetotalcostsandtotalbenefitstodecideiftheoptionisviable.2.Question:Whyisitimportanttoconsideropportunitycostindecision-making?Answer:Opportunitycosthelpsusunderstandthetrade-offs.Byconsideringit,wecanseewhatwearegivingupwhenchoosingonealternativeoverothers,whichleadstomoreinformedandefficientdecision-making.3.Question:Nametwocommonbiasesthatcanaffectdecision-making.Answer:Confirmationbias,wherepeopleseekinformationthatsupportstheirexistingbeliefs.Anotherissunkcostfallacy,wherepeoplemakedecisionsbasedonpast,non-recoverablecostsratherthanfutureprospects.4.Question:HowcanaSWOTanalysisassistinchoosingabusinessstrategy?Answer:SWOTanalysishelpsidentifyinternalstrengthsandweaknesses,andexternalopportunitiesandthreats.Byunderstandingthese,acompanycanalignitsstrategiestocapitalizeonstrengths,addressweaknesses,seizeopportunities,andcounterthreats.5.Discussionquestions(4questions,5pointseach)1.Question:Discusstheadvantagesanddisadvantagesofindividualdecision-makingcomparedtogroupdecision-making.Answer:Individualdecision-makingisfastandcanbedecisive.There'snoconflictofopinions.However,itmaylackdiverseperspectives.Groupdecision-makingbenefitsfrommultipleviewpoints,leadingtomorecreativesolutions.Butitcanbetime-consumingandsubjecttogroupthink,wheremembersconformtoadominantview.2.Question:Inwhatsituationsmightyouchooseaconservativedecision-makingapproachoveranaggressiveone?Answer:Insituationswithhighuncertaintyandpotentialforlargelosses,likeinavolatilemarketorwhenacompanyhaslimitedresourcesandcannotaffordmajorsetbacks.Aconservativeapproachhelpsminimizerisksandmaintainstability.3.Question:Howdoestheavailabilityofinformationimpactthedecision-makingprocess?Answer:Sufficientand
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