1)  

Third step in decision making process is

A. linear predictions
B. dependent predictions
C. making predictions (✔)
D. independent predictions
2) Factor, which is largely considered in making or buying decisions is
A. quality of suppliers
B. dependability of suppliers
C. production irrelevancy
D. both a and b (✔)
3) Third step in decision making process is
A. linear predictions
B. dependent predictions
C. making predictions (✔)
D. independent predictions
4) Decisions made by team of individuals or single person, whether to outsource
products or in-source are classified as
A. demand or supply decisions
B. make or buy decisions (✔)
C. relevant or irrelevant decision
D. idle or busy decisions
5) Fourth step in decision making process is
A. linear correlation
B. making decisions(✔)
C. implement decisions
D. evaluate performance
6) Formal method of making choices, considering help of quantitative and
qualitative analysis is classified as
A. quantitative analysis
B. decision method (✔)
C. qualitative method
D. linearity method
7) Decisions made by company, which products to manufacture and sell and in
what quantities, of many product lines are called
A. incremental decisions
B. outsource decisions
C. product mix decisions (✔)
 D. in-source decisions

8) Second step in decision making process is

A. Multi co-linearity information
B. quantitative information
C. qualitative analysis
D. obtaining information(✔)
9) First step in decision making process is to
A. identify the problem (✔)
B. identify the linear variable
C. identify the certainty
D. identify the multiplier
10) In broader categories, outcomes of decisions are classified as
A. sunk factors
B. quantitative factors
C. qualitative factors
D. both B and C (✔)