BU 407 Quantitative Decision Making Finals Exam (Qns & Ans) 2026

BU 407 Quantitative Decision Making Finals Exam (Qns & Ans) 2026
1. Which of the following describes a situation where
optimizing one metric can lead to diminishing returns or
negative impacts on another?
 A) Pareto Efficiency
 B) Trade-off
 C) Linear Programming
 D) Optimization
 ANS: B) Trade-off
 Rationale: A trade-off occurs when increasing one aspect
results in a decrease in another measure, illustrating the
balancing act in decision-making.
2. In which type of data visualization is information typically
presented in a hierarchical manner?
 A) Pie Chart
 B) Histogram
 C) Tree Map
 D) Line Chart
 ANS: C) Tree Map

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