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Exam (elaborations)

DFMC Test 1-Class 20B with complete solutions

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  • DFMC

5 Steps of Decision Making Process 1. Identify the Issue 2. Analyze the Issue 3. Develop Alternatives 4. Evaluate the Alternatives 5. Make a Recommendation 14 words, 5 steps Name 3 Critical thinking tools (Identify the Issue) 1. Brainstorming 2. Fishbone (cause and effect) 3. 5 Wise ...

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  • September 10, 2024
  • 2
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • DFMC
  • DFMC
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DFMC Test 1-Class 20B with complete
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5 Steps of Decision Making Process - ANSWER- 1. Identify the Issue 2. Analyze
the Issue 3. Develop Alternatives 4. Evaluate the Alternatives 5. Make a
Recommendation 14 words, 5 steps

Name 3 Critical thinking tools (Identify the Issue) - ANSWER- 1. Brainstorming 2.
Fishbone (cause and effect) 3. 5 Wise

What is the most IMPORTANT step of decision support? - ANSWER- Identifying
the Issue

What is the deliverable in Identifying the Issue? - ANSWER- Issue Statement

The purpose of using the BLUF is to: (Bottom Line Up Front) - ANSWER- lay the
foundation for the justification

Definition of Decision Support - ANSWER- enabling decision makers (other than
ourselves) to make informed decisions that optimize resources and improve
mission effectiveness

Key to successful decision support (5) - ANSWER- 1. Critical Thinking 2. Broad
Perspective 3. Creativity 4. Analysis 5. Communication Skills

Most difficult of the 5 steps of decision making - ANSWER- Analyze the Issue

What year was the CFO Act passed? - ANSWER- 1990

What prompted the passing of the CFO Act? (4) - ANSWER- 1. no single
accountable CFO for the country 2. no appropriate practices applicable to federal
governments circumstances 3. no conformity and standardized financial

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