Question 1:

If a requisite decision model is obtained this means that:

a. the decision makers intuitive preferences have been shown to be wrong

b. the model provides an exact representation of a decision makers preferences

c. an optimum solution has been obtained

d.the decision maker has enough guidance to reach a decision

Question 2:

A company has to choose a new location for its call centre. The costs and benefit scores for the three options are as follows:

Bradfield: cost, $7 million, benefit score, 30

Cardron: cost $11 million, benefit score 65

Delton: cost $4 million, benefit score 40

The locations on the efficient frontier will be:

a. Bradfield and Delton

b. Bradfield and Cardron

c. Bradfield, Cardron and Delton

d. Cardron and Delton