Quantitative Method

Question 1

Describes the process by which a course of action is selected
as the way to deal with a specific problem

Answer 1

DECISION MAKING

Question 2

Refers to the broad set of activities involved in finding and
implementing a course of action to correct an unsatisfactory
situation

Answer 2

PROBLEM SOLVING

Question 3

Finding and implementing a course of action

Answer 3

PROBLEM SOLVING

Question 4

Course of actions, part of problem solving process (occurs in
every step of the process)

Answer 4

DECISION MAKING

Question 5

those made in accordance with
some habit, rule, or procedure (quantitative method)

Answer 5

PROGRAMMED DECISIONS

Question 6

those that deal with unusual
or exceptional problems

Answer 6

NON-PROGRAMMED DECISIONS

Question 7

scientific approach to decision making.

Answer 7

Quantitative analysis

Question 8

the process of projecting the values of
one or more variables into the future (Collier & Evans,
2012)

Answer 8

Forecasting

Question 9

Forecasting may be different for:

Answer 9

(1) different
levels of management and
(2) different services/goods offered.

Question 10

incorporates judgmental or subjective
factors

Answer 10

QUALITIATIVE METHODS

Question 11

uses past records as bases

Answer 11

QUANTITATIVE TIME SERIES METHODS