SmartExpert

(118)

$30/per page/Negotiable

About SmartExpert

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Accounting,Business & Finance See all
Accounting,Business & Finance,Economics,English,HR Management,Math Hide all
Teaching Since: Apr 2017
Last Sign in: 2 Days Ago
Questions Answered: 7512
Tutorials Posted: 7294

Education

  • BS,MBA, PHD
    Adelphi University/Devry
    Apr-2000 - Mar-2005

Experience

  • HOD ,Professor
    Adelphi University
    Sep-2007 - Apr-2017

Category > Business & Finance Posted 02 Aug 2023 My Price 5.00

Business 302 Foundations of Leadership Chapter 5 Quiz 2 The Decision Analysis Approach to Decision Making in Business - Quiz & Worksheet

1. Sheridan is analyzing whether it is worth it to take on additional staff or not. She calculates that hiring two new salespeople could increase her annual sales by $500,000. This value of the decision to hire new staff is called a:

  1. State of nature
  2. Payoff
  3. Uncertainty
  4. Decision alternative

2. In decision analysis, any future events not under the control of the decision maker are called:

  1. States of nature
  2. Payoffs
  3. Decision alternatives
  4. Values

3. Ira is doing a decision analysis to decide whether to restructure his company or not. To deal with the uncertainties in his analysis, he should:

  1. Calculate the value of the total number of states of nature
  2. Ignore any uncertainties except states of nature
  3. Calculate only the value of certain outcomes
  4. Assign probabilities to each possible outcome

4. Henry is trying to decide between two different suppliers. In decision analysis, the two suppliers (or options) he's considering are called:

  1. Payoffs
  2. States of nature
  3. Decision alternatives
  4. Values

5. In decision analysis, money is called:

  1. States of nature
  2. Uncertainty
  3. Decision alternatives
  4. Value

Answers

(118)
Status NEW Posted 02 Aug 2023 09:08 AM My Price 5.00

Bus-----------ine-----------ss -----------302----------- Fo-----------und-----------ati-----------ons----------- of----------- Le-----------ade-----------rsh-----------ip -----------Cha-----------pte-----------r 5----------- Qu-----------iz -----------2 T-----------he -----------Dec-----------isi-----------on -----------Ana-----------lys-----------is -----------App-----------roa-----------ch -----------to -----------Dec-----------isi-----------on -----------Mak-----------ing----------- in----------- Bu-----------sin-----------ess----------- - -----------Qui-----------z &-----------amp-----------; W-----------ork-----------she-----------et-----------

Attachments

1690969104-Chapter 5 Quiz 2 The Decision Analysis Approach to Decision Making in Business - Quiz Worksheet.pdf
Not Rated(0)