Gr 11 Math Lit: Ch 3.7 Compare two Options

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Questions and Answers

What is the primary purpose of gathering data in the comparison process?

  • To collect all relevant information for each option (correct)
  • To establish criteria for the decision
  • To identify potential risks of each option
  • To calculate the cost-benefit ratio

Which of the following is not a step in the comparison process?

  • Documenting and presenting the findings
  • Assessing risks
  • Defining the options
  • Conducting market research (correct)

What is the purpose of using mathematical tools in the comparison process?

  • To establish criteria for the decision
  • To identify potential risks of each option
  • To calculate the total cost of each option
  • To organize the data and calculate key metrics (correct)

What is the primary goal of comparing the options based on the criteria, costs, benefits, and risks?

<p>To make an informed decision about which option is more advantageous (D)</p>
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What should be included in the documentation of the comparison process?

<p>All calculations and rationales (A)</p>
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What is the purpose of presenting the findings in a clear and logical manner?

<p>To support the analysis with visual aids (C)</p>
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What is the primary purpose of identifying the options in the comparison process?

<p>To clearly define the two options and gather relevant data (C)</p>
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Which of the following is an example of an indirect cost?

<p>Time spent on training (D)</p>
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What is the purpose of conducting a risk assessment?

<p>To evaluate the potential risks associated with each option (C)</p>
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What is the cost-benefit ratio used to determine?

<p>The benefits of each option in relation to the costs (D)</p>
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What is the purpose of using mathematical tools and techniques?

<p>To organize and visualize the data (C)</p>
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What is the primary goal of the comparison process?

<p>To make an informed decision about which option is more advantageous (C)</p>
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What is the purpose of establishing the criteria for comparison?

<p>To ensure the comparison is relevant and comprehensive (B)</p>
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What is the benefit of using tables, graphs, and equations in the comparison process?

<p>To organize and visualize the data (B)</p>
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What is the primary purpose of calculating the total cost of each option?

<p>To compare the costs of each option and make an informed decision (A)</p>
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What is the primary advantage of using visual aids such as charts and graphs in the presentation of findings?

<p>To make the findings more concise and easy to understand (D)</p>
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Why is it important to consider both direct and indirect costs when calculating the total cost of each option?

<p>Because both direct and indirect costs can have a significant impact on the overall cost of each option (D)</p>
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What is the primary purpose of establishing the criteria for comparison?

<p>To ensure that all important aspects of the decision are considered (D)</p>
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What is the primary advantage of using mathematical tools and techniques in the comparison process?

<p>To make the decision more objective and based on data (A)</p>
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What is the primary purpose of comparing the options based on the criteria, costs, benefits, and risks?

<p>To make an informed decision about which option is more advantageous (C)</p>
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What is the primary focus of the cost analysis in comparing two options?

<p>Calculating the total cost associated with each option (A)</p>
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What is the purpose of evaluating the benefits of each option in the comparison process?

<p>To determine the cost-benefit ratio of each option (B)</p>
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Which of the following is an example of a direct cost?

<p>The cost of purchasing a piece of equipment (C)</p>
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What is the primary goal of establishing the criteria for comparison?

<p>To ensure that the comparison is relevant and comprehensive (D)</p>
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How do mathematical tools and techniques contribute to the comparison process?

<p>By organizing and visualizing the data (B)</p>
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What is the primary purpose of conducting a risk assessment in the comparison process?

<p>To identify potential risks and assess their likelihood and impact (D)</p>
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What is the primary focus of the benefit analysis in comparing two options?

<p>Identifying and quantifying the benefits of each option (C)</p>
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What is the ultimate goal of comparing two options based on the established criteria, costs, benefits, and risks?

<p>To make an informed decision about which option is more advantageous (D)</p>
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When establishing the criteria for comparison, what should be considered to ensure comprehensive coverage of the decision-making process?

<p>Relevant and comprehensive aspects of the options (B)</p>
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What is the primary purpose of calculating the total cost associated with each option?

<p>To compare the costs with the benefits of each option (C)</p>
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Which of the following is an example of a non-monetary benefit of an option?

<p>Improved quality of life (B)</p>
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What is the primary purpose of using mathematical tools and techniques in the comparison process?

<p>To organize and analyze the data to facilitate decision-making (C)</p>
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What is the primary focus of the risk assessment in the comparison process?

<p>Assessing the potential risks associated with each option (D)</p>
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Which of the following is a common criterion used to compare options?

<p>The convenience of each option (D)</p>
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What is the primary goal of comparing the options based on the established criteria, costs, benefits, and risks?

<p>To make an informed decision about which option is more advantageous (B)</p>
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What is the purpose of quantifying the benefits of each option in the comparison process?

<p>To compare the benefits with the costs of each option (D)</p>
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What is the main reason for distinguishing between direct and indirect costs in the cost analysis?

<p>To provide a more accurate representation of the costs (D)</p>
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What is the main advantage of using visual aids in the presentation of findings?

<p>To provide a clear and concise summary of the results (B)</p>
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What is the primary purpose of quantifying the benefits of each option?

<p>To compare the options based on their potential outcomes (B)</p>
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What is the main advantage of using mathematical tools and techniques in the comparison process?

<p>To provide a more accurate representation of the data (C)</p>
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What is the primary purpose of documenting the comparison process?

<p>To provide a record of the decision-making process (D)</p>
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