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Questions and Answers
Which discipline explicitly evaluates multiple conflicting criteria in decision making?
Which discipline explicitly evaluates multiple conflicting criteria in decision making?
- Management
- Statistics
- Economics
- Operations research (correct)
What are some of the main criteria considered when purchasing a car?
What are some of the main criteria considered when purchasing a car?
- Age, mileage, warranty, and style
- Brand, color, size, and speed
- Engine power, acceleration, handling, and technology features
- Cost, comfort, safety, and fuel economy (correct)
In portfolio management, what are managers interested in achieving?
In portfolio management, what are managers interested in achieving?
- No returns with no risks
- Low returns with low risks
- High returns while reducing risks (correct)
- High returns with high risks
What are some conflicting criteria in a service industry?
What are some conflicting criteria in a service industry?
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What are some typical conflicting criteria when evaluating options?
What are some typical conflicting criteria when evaluating options?
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