Question 11(1 point)

A decision maker may determine different PISPs as utilities associated with two alternatives even if the decision-maker's PPs for the two alternatives are identical.

Question 11 options:

	True
	False

Question 12(1 point)

Which one of the following statements is WRONG aboutUtilityin decision analysis?

Question 12 options:

	Utility should reflect the decision-maker's preferences
	Utility should be quantitively measured
	Utility can be different for different decision makers even in the same decision-making scenario.
	Assigning utilities must be based on empirical data observations

Question 13(1 point)

Which of the following statements about good decision is CORRECT?

Question 13 options:

	A good decision is the one with high figure of merit that is calculated as multiplying the best outcome with its probability and then divided by its cost.
	A good decision is one that has the higher chance of getting the best outcome.
	The same decision can be either good or bad based on different standards.
	A good decision is one that produces the best outcome.

Question 14(1 point)

Which of the followings is the MOST important reason for many decision makings being challenging

Question 14 options:

	Too many possible choices for consideration
	Ambiguous definition for decision making
	Uncertainty involved
	Many different standards for good decision

Question 15(1 point)

To commit to a actionable decision, a decision maker must consider

Question 15 options:

	logical decision rules
	multiple alternative choices
	preferences
	possible constraints on decision

Question 16(1 point)

Match each of the following elements of decision quality with its relevant question.

Question 16 options:

12345	What decision problem should I formulate?
12345	What can I possibly do for my decision?
12345	Do I think straight about my decision?
12345	What do I know for making my decision?
12345	What do I care about in my decision?

1.	A frame
2.	Alternatives from which to choose
3.	Preferences
4.	Information
5.	The logic by which the decision is made