Problem Solving Quiz

What is the difference between a heuristic and an algorithm?

A heuristic is a rule of thumb
An algorithm is a rule of thumb
Both are the same

What is the purpose of a Gantt chart in problem solving?

Schedule tasks
Implement the solution
Evaluate the solution

What is the purpose of a mind map in problem solving?

Organize ideas
Implement the solution
Evaluate the solution

What is the purpose of a cause-and-effect diagram in problem solving?

Identify causes and effects
Implement the solution
Evaluate the solution

What is the purpose of a force field analysis in problem solving?

Identify forces for and against change
Implement the solution
Evaluate the solution

What is the purpose of a stakeholder analysis in problem solving?

Identify stakeholders and their interests
Implement the solution
Evaluate the solution

What is the purpose of a risk assessment in problem solving?

Identify and evaluate risks
Implement the solution
Evaluate the solution

What is the purpose of a cost-benefit analysis in problem solving?

Compare costs and benefits
Implement the solution
Evaluate the solution

What is the purpose of a feasibility study in problem solving?

Determine the feasibility of a solution
Implement the solution
Evaluate the solution

What is the purpose of a pilot study in problem solving?

Test a solution on a small scale
Implement the solution
Evaluate the solution

What is the difference between a top-down and a bottom-up approach in problem solving?

Top-down starts with the big picture
Bottom-up starts with the big picture
Both are the same

What is the purpose of a scenario analysis in problem solving?

Explore different scenarios
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Evaluate the solution

What is the purpose of a sensitivity analysis in problem solving?

Determine how different values of an independent variable affect a particular dependent variable
Implement the solution
Evaluate the solution

What is the purpose of a break-even analysis in problem solving?

Determine the point at which total cost and total revenue are equal
Implement the solution
Evaluate the solution

What is the purpose of a Monte Carlo simulation in problem solving?

Model the probability of different outcomes
Implement the solution
Evaluate the solution

What is the purpose of a decision matrix in problem solving?

Evaluate and prioritize options
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Evaluate the solution

What is the purpose of a PEST analysis in problem solving?

Analyze political, economic, social, and technological factors
Implement the solution
Evaluate the solution

What is the purpose of a MOST analysis in problem solving?

Analyze mission, objectives, strategies, and tactics
Implement the solution
Evaluate the solution

What is the purpose of a VRIO analysis in problem solving?

Analyze value, rarity, imitability, and organization
Implement the solution
Evaluate the solution

What is the purpose of a BCG matrix in problem solving?

Analyze business units based on their market growth rate and market share
Implement the solution
Evaluate the solution