1. True or False-While there are a variety of management tools that are available to managers, choosing only one tool is best in the best decision making process to allow for consistency.
2. True or False- The art of decision making may be perfected with time, as all decisions are relatively routine in nature.
3. True or False- Mistakes can be a great educator, particularly if a manager learns from them.
4. True or False - Pro-forma financial statements are great when preparing budgets, but actual decisions made do not really affect the financial statements.
5. True or False- Potential options in the decision making process should be evaluated using a best case, realistic, and worst case mentality.
6. True or False- An opportunity cost is the value of future expenditures.
7. True or False- Opportunity costs are not always about a financial amount.
8. True or False- Relatively speaking, if a project has a positive NPV, that project should be undertaken.
9. True or False- John Boyd created the OODA Loop, which was originally used for decision making purposes.
10. True or False- The OODAG expands upon the OODA Loop.