Description : Which of the following best expresses the difference between programmed and non-programmed decisions? (a) Occur under certainty or risk; occur under uncertainty or ambiguity (b) Made by managers ... rules cannot be developed (d) Have computer routines developed for them; are not computerized
Last Answer : (c) Handled with decision rules; decision rules cannot be developed
Description : If a manager at Wipro wants to award a contract for printing the company's promotional literature and has obtained quotations from several printers, the manager can select a printer and know with ______ what the printing should cost. (a) Ambiguity ; (b) Risk ; (c) Uncertainty ; (d) Certainty
Last Answer : (d) Certainty
Description : V.U.C.A. is an abbreviation for.. A. Volatility, uncertainty, complexity and ambiguity B. Viscosity, uncertainty, complexity and ambiguity C. Volatility, uncertainty, competition and ambiguity D. None of these options is correct
Last Answer : Volatility, uncertainty, complexity and ambiguity
Description : V.U.C.A. is an abbreviation for.. A. Volatility, uncertainty, complexity and ambiguity B. Viscosity, uncertainty, complexity and ambiguity C. Volatility, uncertainty, competition and ambiguity D. None of these options is correct.
Description : Which of the following statements does not describe a condition that creates a demand for auditing? a. Users can directly assess the quality of information. b. Information can have substantial ... verification. d. Conflict between an information preparer and a user can result in biased information
Last Answer : Users can directly assess the quality of information.
Description : The jackpot on a gaming machine has not 'dropped' for several weeks. Believing that the payout is imminent, a gambler feeds coins steadily to the machine. What does this behavior ... ) A display of overconfidence (c) Decision making under uncertainty ; (d) Changing subjective probabilities
Last Answer : (a) Escalation of commitment ;
Description : A solution to a problem that is arrived at through an unstructured process of decision making is called a………….. (a) Bounded rationality ; (b) Non-programmed decision ; (c) Programmed decision ; (d) Uncertainty
Last Answer : (c) Programmed decision ;
Description : A manager who is helping a customer return some shoes they purchased last week is dealing with what type of decision? (a) Non-programmed decision ; (b) Uncertainty ; (c) Bounded rationality ; (d) Programmed decision
Last Answer : (d) Programmed decision
Description : A situation in which one of two or more risk events will follow an act, but the precise nature of these events may not be known and the probabilities of their occurring cannot be objectively assigned, is ... 1. certainty 2. uncertainty 3. risk 4. risk adversity 5. None of the above.
Last Answer : 2. uncertainty
Description : What are the different techniques used to offset risk and uncertainty in decision making?
Last Answer : Decision tree analysis, Simulation, Game theory, Probabilistic models
Description : Distinguish between decision under risk and uncertainty?
Last Answer : Making decision for the unknown state is decision under uncertainty Making decisions without considering the consequence is decision under risk.
Description : ......................... deals with making sound decisions under conditions of certainty, risk and uncertainty. a. Game theory b. Network analysis c. Decision theory d. None of these
Last Answer : c. Decision theory
Description : Select the most accurate statement. Value is ----------- : A. Means value for money B. Is best described as the benefits the business chooses to give to customers through it's ... Is the benefits of a product / service as perceived by the customer D. Does not offer competitive advantage
Last Answer : Is the benefits of a product / service as perceived by the customer
Description : As a resolution of the conflict in the application of fundamental principles, the auditor, after considering the ethical issues and relevant facts may do any of the following, ... from, the relevant professional body without breaching confidentiality if significant conflict cannot be resolved.
Last Answer : Must immediately resign from the engagement or the employing entity
Description : Ambiguity introduced by way by which organization finances its investments is A. country risk B. liquidity risk C. financial risk D. business risk
Last Answer : C. financial risk
Description : Risk in capital budgeting implies that the decision maker knows _ of the cash flows. A. Variability B. Certainty C. Probability D. None of these
Last Answer : C. Probability
Description : Which one of the following residual biases involves the GPS accuracy? (A) Satellite dependent biases due to uncertainty in the orbital parameters of the satellite (B) Receiver-dependent biases due to ... (C) Signal propagation biases due to the sphere and troposphere propagation (D) All the above
Last Answer : Answer: Option D
Description : Define: i) Accuracy ii) Precision iii) Measurement uncertainty iv) Tolerance.
Last Answer : Accuracy is the ability of the instrument to measure the accurate value. In other words, it is the closeness of the measured value to a standard or true value.
Description : To avoid ambiguity, the names assigned to machines must be carefully selected from a ______ with complete control over the binding between the names and IP addresses A. Table B. look up table C. name space D. name table
Last Answer : C. name space
Description : According to Hofstede, a _____ uncertainty-avoidance culture tries to develop legal institutions that create security. A. Weak B. Strong C. Mixed D. Un-decisive
Last Answer : Strong
Description : According to Hofstede, which dimension of a national culture measures the acceptability of a large difference in status and power among its citizens? A. Individualism versus collectivism B. Masculinity versus femininity C. Uncertainty avoidance D. Power distance
Last Answer : Power distance
Description : Strategic Management is an attempt to organize qualitative and quantitative information in a way that allows effective decisions to be made under conditions of uncertainty
Last Answer : True
Description : ____________ reduces uncertainty (a) Negotiating ; (b) Planning ; (c) Organizing ; (d) Leading
Last Answer : (b) Planning ;
Description : 2. Non-Negativity condition is an important component of L P model because a. Variables value should remain under the control of the decision-maker b. Value of variables make sense & correspond to real-world problems c. Variables are interrelated in terms of limited resources d. None of the above
Last Answer : b. Value of variables make sense & correspond to real-world problems
Description : Excerpt from Part One of which book: People today face this persistent question in new and pressing ways. Communities are exposed to the risks of uncertainty, and suffer the grave consequences of ... the ultimate solution to the problem of the proper instrument of government Fill up the blank
Last Answer : Green.
Description : This tax service includes the determination of the tax consequences of planned or potential transactions, followed by making suggestions on the most desirable course of action such as to legally minimize the tax ... 's objectives. a. Tax shelter b. Tax evasion c. Tax planning d. Tax compliance
Last Answer : Tax planning
Description : Which of the following are not so easy for management to influence and change during strategy implementation? A. Style of Leadership B. Strategy C. Systems D. Structure
Last Answer : Style of Leadership
Description : Which of the following are easier for management to influence and change during strategy implementation? A. Staffing B. Style of Leadership C. Structure D. Skills
Last Answer : Structure
Description : Many Organizations mistakenly spend more time and effort on the implementation of a Plan than on the formulation of the Plan itself
Last Answer : False
Description : Strategy Formulation, Implementation and Evaluation activities occur at three hierarchical levels in a large diversified Organization: Corporate, Divisional and Functional
Description : The final stage in Strategic Management is Strategy implementation
Description : Strategy implementation is often considered to be the most difficult stage in the Strategic Management process because it requires personal discipline, commitment and sacrifice
Description : Developing a vision and mission, identifying an organization's external opportunities and threats, and determining internal strengths and weaknesses are all __________ activities. a. strategy-formulation b. strategy-implementation c. long-range planning d. short-range planning
Last Answer : strategy-formulation
Description : Developing a Vision and Mission, identifying an Organization’s external opportunities & threats and determining internal strengths & weaknesses are all -------------- activities : A. Strategy Formulation B. Strategy Implementation C. Long-range Planning D. Short-range Planning
Last Answer : Strategy Formulation
Description : A possible and desirable future state of an Organization is called --------------- : A. Mission B. Vision C. Strategy Implementation D. Strategy Formulation
Last Answer : Vision
Description : The primary focus of Strategic Management is : A. Strategic Analysis B. The total Organization C. Strategy formulation D. Strategy implementation
Last Answer : The total Organization
Description : Which is one of the most critical steps in the ERP implementation? A. Creation of Organisational Model B. Creation of Integrated Data Model C. Creation of Business Model D. Creation of Data Model
Last Answer : B. Creation of Integrated Data Model
Description : The _________ should plan well and execute perfectly the implementation of ERP. A. Organisation B. System developers C. Vendors D. Top Management
Last Answer : B. System developers
Description : Employee recognition can: (a) Be a strong motivator. ; (b) Lead to unrealistic expectations. ; (c) Help with MBO program implementation. ; (d) Assist with goal setting.
Last Answer : (a) Be a strong motivator. ;
Description : Increasing the number of periods in a moving average will accomplish greater smoothing, but at the expense of………. (a) manager understanding ; (b) accuracy ; (c) stability ; (d) responsiveness to changes
Last Answer : (d) responsiveness to changes
Description : An intuitive manager could best be described as one who: A)uses scientific problem solving B)eliminates uncertainty in decision making C)searches out facts and data systematically D)uses an orderly approach to gathering information E)uses personal knowledge and experience to make decisions
Last Answer : E)uses personal knowledge and experience to make decisions
Description : What are the consequences of disaster on a society? a. Loss of life b. Damage to property c. Environmental Damages d. All of the above
Last Answer : d. All of the above
Description : A hazard is a situation where there is a. Threat of natural calamity b. Threat to property and lives from calamities c. Threat for consequences of disaster d. All of the above
Last Answer : b. Threat to property and lives from calamities
Description : Which of the following statements would least likely appear in an auditor's engagement letter? a. Our engagement is subject to the risk that material errors, fraud, and defalcations, if they exist, ... services are based on our regular per diem rates, plus travel and other out-of-pocket expenses
Last Answer : After performing our preliminary analytical procedures we will discuss with you the other procedures we consider necessary to complete the engagement.
Description : Suppose you are hurriedly rushing to your school in the morning. Meanwhile your eyes go across the road, where your student met an accident. What decision will you take under this critical condition ... want to take risk unnecessarily D) You are expressing the accident as an adventurous game
Last Answer : B) You reach the site, look after the student, after giving him first-aid, report to the police station and rush towards hospital
Description : Which of the following statements best describes ethics? A. Ethics considers how someone chooses among alternative courses of action. B. Ethics is about values and principles. C. Ethics is concerned with how a ... . Each of the above covers part of the definition. E. None of the above is true.
Last Answer : D. Each of the above covers part of the definition.
Description : If you're a list-maker, what do you make lists of, and what do you do with them? (a revived question)
Last Answer : I’m a Virgo and lists are made. Shopping, Christmas gifts, places to go on vacation…. meals to make next week.
Description : If you're a list-maker, what do you make lists of, and what do you do with them?
Last Answer : answer:What to do when I am out and about. There is also the sublist of what to buy at my various stops. I then usually lose them (lists) after I am in the car but before I arrive at the ... in my wood-burning stove. My usual chores are post office, country store, gas, cash, food, library, pharmacy