What is another name for a Fishbone Analysis?

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Study for the University of Central Florida QMB3602 Business Research for Decision Making Exam 1. Prepare with detailed questions and in-depth explanations to excel in your test! Enhance your decision-making skills effectively.

A Fishbone Analysis is commonly referred to as a cause and effect diagram. This tool is primarily used in quality management and problem-solving to identify and analyze the root causes of a specific issue or effect. The diagram resembles a fish's skeleton, where the effect is represented at the head, and the various categories of potential causes branch off like bones. This visual representation helps teams systematically explore all possible causes for a problem, making it easier to identify which factors contribute most significantly to the effect being studied.

The other options do not accurately describe Fishbone Analysis. A flowchart is used to illustrate processes and decision paths; a SWOT analysis assesses strengths, weaknesses, opportunities, and threats in a strategic planning context; and a decision tree represents choices, potential outcomes, and associated risks in a decision-making process. These tools serve different purposes and are structured differently than a cause and effect diagram, highlighting why the cause and effect diagram is the appropriate term for Fishbone Analysis.