Edexcel A-Level Business Theme 3.3 Decision-making techniques overview quiz quiz
10questions. Pick an answer and you'll see why right away.
A machine costs 10,000 a year. What is the payback period?
A project costs 30,000 over 5 years. What is its ARR?
What does a positive net present value (NPV) indicate?
What is the main weakness of the payback method?
An option has a 0.6 chance of 20,000. What is the expected value?
In a decision tree, how is net gain calculated?
A task has EST day 5, duration 3 days and LFT day 12. What is its total float?
What defines the critical path in a network diagram?
Which is an example of qualitative data in decision-making?
When is intuition most useful in decision-making?