In the IDM Basic Steps Framework, When Quantitative Analysis May

question 23

Multiple Choice

In the IDM basic steps framework, when quantitative analysis may consist of

• A)Product quality, timeliness, the stress factor, streamlining, ease of use, overall satisfaction
• B)Creative solutions and brainstorming techniques
• C)Cost-benefit analysis, cost-volume-profit analysis, capital budgeting
• D)Make certain you have identified and are addressing the core issue rather than a symptom

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Definitions:

Generate-and-test

A problem-solving strategy that involves generating potential solutions and testing their effectiveness.

Heuristic

is a simple, efficient rule or method used to make decisions or solve problems, based on practical judgement rather than comprehensive logical analysis.

Critical Thinking

The disciplined process of actively and skilfully conceptualizing, applying, analyzing, synthesizing, and evaluating information to reach an answer or conclusion.

Deliberative Thinking

The process of carefully considering and rationalizing thoughts and options before making a decision or forming a judgment.