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Unformatted text preview: BUS 104 Homework #5 Due Date: Thursday, March 11 Student Name (print): ______________________ Section #: ______________________ Name: ________________________ Class: ___________________ Date: __________ ID: A 1 HW#5 Multiple Choice Identify the choice that best completes the statement or answers the question. ____ 1. A course of action intended to solve a problem is called a(n) a. alternative. b. option. c. decision. d. criteria. ____ 2. The __________ in a decision problem represent factors that are important to the decision maker. a. payoffs b. states of nature c. criteria d. alternatives ____ 3. A(n) __________ is a course of action intended to solve a problem. a. decision b. criteria c. state of nature d. alternative ____ 4. Which of the following summarizes the final outcome for each decision alternative? a. payoff matrix b. outcome matrix c. yield matrix d. performance matrix ____ 5. Which decision rule optimistically assumes that nature will always be "on our side" regardless of what...
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- Spring '08