management homework

Write 3 questions per chapter (24 total). Questions should be multiple choice. Show answer, page reference, search words, reasons other choices are not correct, and why you picked that as a question. Chapters 1 – 8.

Question Example:

1. An optimal search for alternatives should last: a. As long as needed to find the best solution. b. As long as needed to find the first good enough solution. c. As long as the cost of the search does not outweigh the value of the added information. d. As long as the cost of the search is within the appropriate limits set by the decision maker.

 Ans: c. provides a value proposition for the data and decision

 Wrong: a. no cost/value proposition potentially infinite money or no decision, b. potentially leaves relevant information undiscovered and potentially a “bad” decision, d. no cost/value proposition, ambiguous

 Response: p. 2-3

 Search Words: Alternatives, chp1,6steps

 Chosen because it demonstrates the business the need to create value with the decision and its process