QUIZ på allt

Question 1

Problems, participants, solutions and choice opportunities are all represented in which model?

Answer 1

Garbage Can model

Question 2

What are the degree of decision structuredness?

Answer 2

Structured-occurs often
Semi-structured: certain factors are known, others are not, you know the outcome but not the alternative outcomes
Unstructured: no informaton, solving higher up in the hierarchy.

Question 3

Name the phases of the rational decision-making process

Answer 3

1. Intelligence phase
2. Design phase
3. Choice phase
4. Implementation phase

Question 4

Explain Overconfidence

Answer 4

personal the decisionmaker having very positive view of themselves and have the tendency to overestimate your decisions. Make them not listening to others, trusting only on him/herself

Question 5

Explain Anchoring effect

Answer 5

Decisionmaker anchor a solution and ignore all other solution because they already made up their mind.

Question 6

Explain confirmation bias

Answer 6

You already have done your decision and looks after information to support their decision

Question 7

Explain Selective perception

Answer 7

Selects the information that fit into their mindset

Question 8

Explain Immediate gratification

Answer 8

Choosing those solutions that produce immediate reward.

Question 9

Explain Framing

Answer 9

How you frame a problem or event for instance through presenting a failiure or successrate

Question 10

Explain hindsight

Answer 10

When decisionmakers think they can predict the future

Question 11

Explain sunk costs

Answer 11

Decisionmaker make a present decision to influence the past

Question 12

Explain self serving

Answer 12

When leaders take all credit for success and not for the failiures

Question 13

Explain Inmon data warehouse approach

Answer 13

Inmon focuses on building a centralised data warehouse with a top-down approch and follows an entity relationship approach

Question 14

Explain a kimball data warehouse approach

Answer 14

Datamart connected through joints which create more of a multi-dimensional modeling approach and thus creating FASTER QUERIES

Question 15

What does system 1 thinking imply?

Answer 15

Quick thinking, emotion-driven.

Question 16

What does system 2 thinking imply?

Answer 16

A slower, more logic thinking.

Question 17

What is datafication?

Answer 17

pre-existing frames of references are used to select data to use and patterns/relationships in it.

Question 18

Does high quality data provide high-quality results?

Answer 18

Not necessarily, if they are successfully implemented perhaps yes.

Question 19

What does unstructured data imply?

Answer 19

Often text based and poorly defined which make data harder to organize.

Question 20

What does structured data imply?

Answer 20

Structured data implies internal data structured in relationdb

Question 21

What does semi-structured data imply?

Answer 21

Semi-structured data means not having a clear structure, example can be an email where the structure lies in its category and date, but it contains information not structured

Question 22

Data preparation is what and which processes does it include?

Answer 22

Data preparation is a process to prepare data for analysis, includes Extract, Transform and Load, ETL

Question 23

Data storage is what?

Answer 23

Data storage is about how data is stored to be used for future preparations