MIS Online Test Questions Part 5

21. Which of the following is one of the more commonly used and essential quantitative technique of decision-making?

a. Game Theory
b. Decision Tree
c. Payoff Matrix
d. Decision Tables

Answer: d. Decision Tree

22. The Herbert Simon Model does not go beyond the

a. Decision Phase
b. Design Phase
c. Choice Phase
d. Intelligence Phase

Answer: a. Decision Phase

23. What are advantages of Group Decision-making?

i] Least consideration of the problems and related issues
ii] Better group understanding of the problem and rationale for the decision
iii] Greater Group Commitment to the decision
iv] Improved communication to the implementers ensuring better implementation

a. i and ii
b. ii and iii
c. ii, iii and iv
d. All the above

Answer: c. ii, iii, and iv

24. Information helps decision making by minimizing the element of ________ and uncertainty.

a. Confusion
b. Risk
c. Surprise
d. Misunderstanding

Answer: b. Risk

25. Data warehouse is a central ________ of integrated data from multiple remote OLTP systems.

a. Repository
b. Data holder
c. Table
d. Database

Answer: a. Repository