12 marks] is a scientific approach to managerial decision making in which raw data are processed and manipulated to produce meaningful information. A. Operations analysis B. Quantitative analysis C. Sensitivity Analysis D. None of the above 2. The quantitative business analysis approach consists of: A. 5 steps B. 6 steps C. 7 steps D. 8 steps 3. A good decision is one that is based on considers all available data and possible alternatives, and applies a quantitative approach A. Common sense B. Logic C. Surveys D. None of the above 4. The decision maker does not know the probabilities of the various outcomes A. Decision making under certainty B. Decision making under risk C. Decision making under uncertainty D. All the above