1. The Health Bureau of a state government decides to provide more funding to resolve diseases affecting children than diseases affecting the elderly. This approach illustrates which public/social decision making criterion?
a. Caldor Hicks criterion b. Pareto criterion c. Social welfare criterion d. Ceteris paribus criterion
2. When using benefit/cost ratios created from monetized estimates of benefits and costs:
a. Considerations of estimation risk are minimized b. The resulting ratios are unit-less numbers c. There is a tendency to overstate benefits in relation to costs d. There is a tendency to overstate costs in relation to benefits
3. From the perspective of SWOT analysis, which of the following is a threat?
a. The growing successes of our chief competitor b. The mediocre leadership capabilities of our CEO c. Our poor management of cash flow d. Our delays in launching new products
4. One well-known approach to making decisions qualitatively is to make a list of pros and cons and see which dominates - after mulling on the decision for two or three days. This approach is called:
a. Poor Man's Hierarchy b. SWOT c. Benjamin Franklin's Rule d. Buss's technique
5. From the perspective of SWOT analysis, which of the following is a strength?
a. The first-rate talent among our employees b. A booming economy c. An emerging market for our goods d. New tax legislation which reduces our tax exposure
5. In making a decision on land-use in a suburban area, the county government resolves to avoid giving special treatment to any particular interest groups: all will be treated equally. This reflects which public/social decision making criterion?
a. Caldor Hicks criterion b. Pareto criterion c. Social welfare criterion d. Ceteris paribus criterion