Author Question: Data-driven decision making tends to decrease a firm's a. market value. b. productivity. c. risk. ... (Read 48 times)

olgavictoria · **on:** Jun 24, 2018

Data-driven decision making tends to decrease a firm's
a. market value. b. productivity.
c. risk. d. profit.

Question 2

______________________ is the most critical step of the decision-making process.
a. Choosing an alternative b. Identifying and defining the problem
c. Evaluating the alternatives d. Determining the set of alternatives

Chocorrol77 · **Reply #1 on:** Jun 24, 2018

Answer to Question 1

c
RATIONALE: Firms guided by data-driven decision making have higher productivity and market value and increased output and profitability.

Answer to Question 2

b
RATIONALE: Step 1 of decision making, identifying and defining the problem, is the most critical. Only if the problem is well-defined, with clear metrics of success or failure (step 2), can a proper approach for solving the problem (steps 3 and 4) be devised. Decision making concludes with the choice of an alternative (step 5).