Missed on Pre Assessment Flashcards
1
Q
Fact-Based Decision Making.. 2 decision considerations
A
Fact-based Decisions:
- reduce external bias
- foster trust in plans
2
Q
Dedication of leadership and focus on process.. enhance quality (name 2 ways)
A
- ensures clearly aligned goals
- makes results easier to manage and achieve
3
Q
Which of the 7 quality tools Illustrates performance measurements OVER Time
A
Run Chart
4
Q
System that enables organization to measure performance based on Established Global Standards
A
ISO
5
Q
Requires significant time and effort to establish a meaningful _______ _________
A
Balanced Scorecard
6
Q
A common analytic measure that is used to improve business performance
A
Simple Composite Index
7
Q
______ is of concern when performing a time series multiple regression
A
AUTOcorrelation
8
Q
Probability Theory informs decision-making by quantifying _____
A
RISK
