Intro AIE Quiz 2

Quiz Summary

0 of 5 Questions completed

Questions:

You have already completed the quiz before. Hence you can not start it again.

Quiz is loading…

You must sign in or sign up to start the quiz.

You must first complete the following:

Results

Quiz complete. Results are being recorded.

Results

0 of 5 Questions answered correctly

Your time:

You have reached 0 of 0 point(s), (0)

Current
Review
Answered
Correct
Incorrect

Question 1 of 5

1. Question
Which of the following is an example of the placebo effect in calculating risk?
- A. Using a system for measuring risk based on the “feeling” that it works without considering outcomes
- B. Measuring uncertainty about a particular benefit of using a product
- C. Using traditional accounting methods to measure precise variables
- D. Using precise ranges for estimating likelihood and impact
Correct

Incorrect
Question 2 of 5

2. Question
Why do most people believe something can’t be measured (assume we are referencing people who have not been exposed to Applied Information Economics)?
- A. The object of measurement is poorly defined.
- B. Lack of understanding of measurement methods.
- C. The concept of measurement is misunderstood.
- D. Because the item is fundamentally immeasurable
- A to C are all true
Correct

Incorrect
Question 3 of 5

3. Question
Which of the following is true about simple measurements?
- A. They aren’t very useful due to the large degree of uncertainty that remains.
- B. The more exhaustive studies will not reduce uncertainty further.
- C. They can reduce uncertainty with little effort.
- A to C are all false
Correct

Incorrect
Question 4 of 5

4. Question
Which of the following statements about quantitative models is false?
- A. They don’t have uncertainty.
- B. They tend to be more reliable than intuition.
- C. Studies indicate that they perform better than human judgment alone.
- D. They help to optimize the reduction of uncertainty.
Correct

Incorrect
Question 5 of 5

5. Question
Give an objection managers and decision-makers often offer as reasons not to attempt a measurement?
- A. We don’t have sufficient data.
- B. There are too many factors affecting this measurement
- C. Each situation is too unique
- D. All of the Above
Correct

Incorrect

Intro AIE Quiz 2

Quiz Summary

Information

Results

Results

Categories

1. Question

2. Question

3. Question

4. Question

5. Question

Newsletter

Measure What Matters,
Make Better Decisions