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Decision Making & Problem Solving Flashcards

7 cards from real MO practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

Read the first 7 Decision Making & Problem Solving flashcards as text
  1. A marketing officer must decide quickly with incomplete data. Which approach best balances speed and accuracy?

    Answer: Use heuristics informed by past experience and available evidence

    Informed heuristics leverage past experience and available evidence to make reasonable decisions when perfect information isn't accessible.

  2. Which problem-solving model follows the sequence: Define → Measure → Analyze → Improve → Control?

    Answer: DMAIC

    DMAIC is a Six Sigma problem-solving methodology that guides teams through defining, measuring, analyzing, improving, and controlling a process.

  3. A marketing campaign underperforms. Before deciding on a fix, a marketing officer maps out all possible contributing factors visually. This tool is called a:

    Answer: Fishbone (Ishikawa) Diagram

    A Fishbone (Ishikawa) Diagram visually maps potential causes across categories to identify what may be contributing to a problem.

  4. When a marketing officer evaluates a problem and realizes it is actually a symptom of a strategic misalignment, this is an example of:

    Answer: Problem reframing

    Problem reframing involves shifting perspective to see the real underlying issue rather than the surface-level symptom initially presented.

  5. Which scenario best illustrates the 'sunk cost fallacy' in marketing decision making?

    Answer: Continuing to invest in a failing campaign because $500K has already been spent

    The sunk cost fallacy occurs when past unrecoverable spending irrationally influences the decision to continue a failing strategy.

  6. A marketing officer uses scenario planning to prepare for market uncertainty. What is the PRIMARY benefit of this approach?

    Answer: It prepares decision makers for multiple possible futures and reduces surprise

    Scenario planning develops responses to multiple plausible futures, improving organizational resilience and decision readiness when conditions change.

  7. During a post-mortem of a failed product launch, which practice adds the most value to future decision making?

    Answer: Documenting root causes and lessons learned for institutional knowledge

    Documenting root causes and lessons learned turns failures into organizational learning that improves future marketing decisions.