CITM-001 · Question #72
Important decision may require more care in analyzing data.
The correct answer is A. True. Important decisions may require more care in analyzing data because they have higher stakes, greater uncertainty, and more complexity. Data analysis can help managers to identify patterns, trends, correlations, and causal relationships that can inform their decision making…
Question
Important decision may require more care in analyzing data.
Options
- ATrue
- BFalse
How the community answered
(17 responses)- A94% (16)
- B6% (1)
Explanation
Important decisions may require more care in analyzing data because they have higher stakes, greater uncertainty, and more complexity. Data analysis can help managers to identify patterns, trends, correlations, and causal relationships that can inform their decision making. Data analysis can also help managers to evaluate alternatives, test hypotheses, and predict outcomes. However, data analysis is not a substitute for judgment, intuition, and creativity. Managers should also consider the quality, reliability, and validity of the data, as well as the ethical and social implications of their decisions.
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