Structuring occurs in which step of the decision analysis

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Reference no: EM131741418

1. "structuring" occurs in which step of the decision analysis process?

a) Assess

b) Model

c) Create

2. Dealing with "uncertainty" occurs in which step of the decision analysis process?

a) Model

b) Define

c) Create

3. Which of the following contributes to complexity in managerial decision making?

a) Possible course of action

b) possible outcomes

c) likelihood of outcomes

d) all of the above

4. In decision analysis, decision alternatives are

a) at a minimum, directly related to one fundamental objective

b) indirectly related to every fundamental objective

c) at a minimum, indirectly related to one fundamental objective

5. In PrecisionTree software, the "force" option is available for

a) Neither decision nor chance nodes

b) decision nodes only

c) both decision and chance nodes

Reference no: EM131741418

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