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
22. The Herbert Simon Model does not go beyond the
a. Decision Phase
b. Design Phase
c. Choice Phase
d. Intelligence 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
24. Information helps decision making by minimizing the element of ________ and uncertainty.
a. Confusion
b. Risk
c. Surprise
d. Misunderstanding
25. Data warehouse is a central ________ of integrated data from multiple remote OLTP systems.
a. Repository
b. Data holder
c. Table
d. Database
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
