Flashcards : Mastering Critical Thinking and Evidence-Based Decision Making — 20 cartes

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1Question

Critical thinking — importance?

Réponse

Analyzes info objectively in today's data-rich environment.

2Question

Evidence-based analysis — focus?

Réponse

Uses verifiable facts to understand issues thoroughly.

3Question

Decision-making — how improved?

Réponse

By applying rational analysis and structured processes.

4Question

Project management — fundamental?

Réponse

Planning, executing, controlling projects effectively.

5Question

CRM — role?

Réponse

Manages customer relationships and supports sales.

6Question

Initial specs — purpose?

Réponse

Sets project requirements at the start.

7Question

Final deliverable — varies how?

Réponse

Due to uncertainties and unforeseen changes.

8Question

ROI — formula?

Réponse

Net profit divided by investment cost, times 100.

9Question

OPEX — example?

Réponse

Salaries, utilities, leasing costs.

10Question

CAPEX — example?

Réponse

Machinery, buildings, long-term assets.

11Question

EBIT — definition?

Réponse

Profit from core operations before interest and taxes.

12Question

EBITDA — excludes?

Réponse

Interest, taxes, depreciation, amortization.

13Question

Gross margin — measures?

Réponse

Efficiency in production and sales.

14Question

Fixed costs — example?

Réponse

Rent, salaries that don't vary with output.

15Question

Variable costs — example?

Réponse

Materials, direct labor that change with production.

16Question

Time value of money — principle?

Réponse

Money today is worth more than future money.

17Question

Discounting — purpose?

Réponse

Converts future cash flows to present value.

18Question

ROI — significance?

Réponse

Assesses investment efficiency and profitability.

19Question

Amortization — method?

Réponse

Spreads asset costs over useful life, linear or degressive.

20Question

Stakeholders — role?

Réponse

Affected or involved in a project, needs management.

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1. What is critical thinking primarily understood as in the context of modern information environments?

2. What is the source or key concept associated with the term 'ROI' as used in evidence-based analysis?

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