Decision Science Quiz
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Questions and Answers

What is the process of assigning probabilities to outcomes known as?

  • Uncertainty (correct)
  • Risk
  • Certainty
  • Bounded rationality

    • What is an increased commitment to a previous decision despite negative information known as?

  • Representative heuristic
  • Availability heuristic
  • Optimal decision making
  • Escalation of commitment (correct)

    • Why do many decisions fail after the final choice has been made?

  • Satisficing occurred (correct)
  • It was the wrong choice
  • The decision criteria weights were incorrect
  • People affected failed to accept the solution

    • What is a simple approach to assigning weights to criteria?

    <p>Assign equal weights to the rest of the criteria</p> Signup and view all the answers

    What type of problem is it when the secretary is sent to Wal-Mart to pick up an extra case of paper until the supplier's order arrives?

    <p>Non-programmed</p> Signup and view all the answers

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