Question: You have been assigned to a project. You have defined the problem by getting others opinions, feelings, and ideas, as well as the facts. You
You have been assigned to a project. You have defined the problem by getting others opinions, feelings, and ideas, as well as the facts. You generated alternatives. Over the weekend, while out for dinner with your friends and having casual conversation, you gain an insight into the solution. This refers to ______.
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| a. | preparation |
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| b. | illumination |
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| c. | innovation |
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| d. | evaluation |
Statements like its impossible, weve never done it, it wont work, and it costs too much are known as ______.
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| a. | loss aversion |
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| b. | creativity and innovation killers |
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| c. | synectics |
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| d. | self-efficacy |
The ______ involves using a series of confidential questionnaires to refine a solution.
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| a. | Delphi technique |
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| b. | brainstorming method |
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| c. | consensus mapping technique |
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| d. | nominal grouping technique |
A graphic decision-making tool used to evaluate decisions containing a series of steps is known as ______.
| a. | linear programming | |
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| b. | a decision tree |
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| c. | a break even analysis |
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| d. | capital budgeting |
Lisa just opened an indoor playground for kids. She wants to know how many kids have to visit the playground to make back her initial investment so she can start to turn a profit. Select the appropriate quantitative method to use ______.
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| a. | capital budgeting |
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| b. | break-even analysis |
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| c. | linear programming |
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| d. | queuing theory |
Mark is the teller manager at a local bank. He is responsible for scheduling employees. At times, employees hang around with no customers to wait on; at other times, they have long waiting lines. Select the appropriate quantitative method to use.
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| a. | linear programming |
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| b. | capital budgeting |
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| c. | queuing theory |
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| d. | break-even analysis |
Your neighbor has a construction business mainly focused on building decks. To carry all the equipment, he needs a truck. His truck has been having some issues and he needs to make a decision whether to buy a new truck or repair the existing one. Select the appropriate quantitative method to use in making this decision.
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| a. | queuing theory |
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| b. | capital budgeting |
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| c. | break-even analysis |
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| d. | linear programming |
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