Extra Practice - Business Decision Making - ثاني ثانوي

وزارة التعليم Ministry of Education 2024-1446 Business Decision Making S1 S2 S3.indb 149 Extra Practice Critical Thinking Questions 1. How can decision support tools help you in making decisions in your own life? 2. What are the advantages of using mathematical decision tools such as deci- sion trees and weighted factors? 3. Suppose that you are about to make a major decision, such as buying a new computer or taking a particular course in your education. How could you use a tool discussed in this chapter to help you as you make your decision? Recall a big decision you made recently and describe your process for making that decision. Real Life Independent Challenge You can apply the problem-solving techniques you learned in this chapter to the decisions you need to make in other parts of your life. Suppose you need to pur- chase a new computer for your academic or professional work. Complete the following steps to make the purchase decision. a. In a document or spreadsheet for personal use, list any money you have saved to buy a new computer. b. List the factors that are important to you, such as computer type (laptop or desktop), monitor type (flat panel, wide screen, or high definition, for exam- ple), amount of memory, and so on. These are your decision criteria. c. Rank how important each factor is in your decision. d. Assign weights to each factor according to your rankings. e. Gather information about available computers using online resources or cat- alogs, for example. List the factors each computer has and compare them to your weighted rankings. In other words, compare each computer against the criteria you selected. f. The computer with the highest score is the one you should purchase. Decision Support Tools 149 30/06/2023 14:28

150 5 Chapter رة ا Ministry of Education 2024-1446 Business Decision Making S1 S2 S3.indb 150 Team Challenge You are working for Qassim Builders, a company in Buraydah, Al-Qassim Province, specializing in sustainable building. In line with the Saudi Vision 2030, the company is committed to solving environmental problems through green building practices. In its next ad campaign, Qassim wants to promote one exam- ple of 'green' technology it uses in sustainable building, such as solar panels, environmentally-friendly insulation, or wind power. You have been asked by your manager to help Qassim Builders decide which technology to promote. a. Based on the topics discussed in this chapter, consider what types of data you might collect and which tools you might need to analyze the data, to help Qassim Builders in making a decision. b. Describe how creating a decision tree might help in selecting the right option. Be the Critic You are working for Ummah Wheels, a company in Dammam, Eastern Province that provides hybrid and electric vehicles for short-term rental in the Dammam area, in support of Saudi Vision 2030's initiative to promote environmentally conscious energy sources. Ummah Wheels is analyzing its expenses and decid- ing which ones to reduce. To compare alternatives, the owner has created the chart shown in Figure 5-11. However, there are some flaws in the way the owner has presented the information in his chart. FIGURE 5-11 160000 140000 120000 100000 80000 60000 40000 20000 0 Budget Actual East West North Central 30/06/2023 14:28

وزارة التعليم Ministry of Education 2024-1446 Business Decision Making S1 S2 S3.indb 151 Analyze the chart, using the insights on decision support tools discussed in this chapter. Note any weaknesses, explaining any elements that might be missing, and suggest how it might be improved. If the owner asked you to analyze the company's expenses for him, how would you approach the task? Decision Support Tools 151 30/06/2023 14:28