Decision Making & Problem Solving Flashcards
7 cards from real MO practice questions. Tap to flip, then mark Knew It or Still Learning โ missed cards come back until you master them.
Read the first 7 Decision Making & Problem Solving flashcards as text
A marketing officer must choose between a high-risk/high-reward campaign and a low-risk/moderate-reward campaign. Applying risk-adjusted thinking means:
Answer: Weighing potential returns against probability and magnitude of failure
Risk-adjusted thinking balances potential returns against both the likelihood and severity of adverse outcomes to make informed choices.
Which technique involves rapidly generating a large number of ideas by suspending judgment and encouraging free association?
Answer: Brainstorming
Brainstorming is an ideation technique that generates large volumes of ideas by suspending criticism and encouraging uninhibited free association.
A marketing officer uses 'force field analysis' when evaluating a strategic change. What does this technique identify?
Answer: Driving forces supporting change and restraining forces opposing it
Force field analysis identifies all forces pushing toward a change (driving forces) and all forces pushing against it (restraining forces) to assess feasibility.
When a marketing team consistently chooses data that confirms their pre-existing strategy while ignoring contradictory evidence, this is called:
Answer: Confirmation bias
Confirmation bias is the tendency to seek, interpret, and recall information in a way that confirms one's preexisting beliefs or hypotheses.
An MO faces a strategic decision with multiple stakeholders who have conflicting interests. The MOST effective first step is to:
Answer: Map stakeholder interests and identify areas of common ground
Mapping stakeholder interests first reveals alignment opportunities and helps the marketing officer navigate competing priorities constructively.
In the Kepner-Tregoe problem analysis model, what is the primary distinction between a problem analysis and a decision analysis?
Answer: Problem analysis identifies why something went wrong; decision analysis selects the best course of action going forward
Kepner-Tregoe separates diagnosing the cause of a deviation (problem analysis) from choosing among alternatives to move forward (decision analysis).
A marketing officer implements a solution and sets up KPIs to monitor its effectiveness over time. This phase corresponds to which part of the PDCA cycle?
Answer: Check
The 'Check' phase of the PDCA cycle involves monitoring results against KPIs to evaluate whether the implemented solution is working as intended.