Chapter 6 Quiz (BANK), Big Data Exam 2, ISDS 2001 CH. 4 TEST BANK, Test 2 Chap 4, ISM4402 Exam 2- QUESTIONS WITH VERIFIED CORRECT ANSWERS

C) cognitive map. - Answer-21) A more general form of an influence diagram is called a(n) A) forecast. B) environmental scan. C) cognitive map. D) static model. B) influence diagram - Answer-22) A(n) ________ is a graphical representation of a model. A) multidimensional analysis B) influence diagram C) OLAP model D) Whisker plot C) classes - Answer-23) Which of the following is NOT a component of a quantitative model? A) result variables B) decision variables C) classes D) parameters A) mathematical models. - Answer-24) Intermediate result variables reflect intermediate outcomes in A) mathematical models. B) flowcharts. C) decision trees. D) ROI calculations. C) risk. - Answer-25) When the decision maker must consider several possible outcomes for each alternative, each with a given probability of occurrence, this is decision making under A) certainty. B) uncertainty. C) risk. D) duress. A) certainty. - Answer-26) When the decision maker knows exactly what the outcome of each course of action will be, this is decision making under A) certainty. B) uncertainty. C) risk. D) duress. B) dynamic - Answer-27) A(n) ________ spreadsheet model represents behavior over time. A) static B) dynamic C) looped D) add-in D) pivot tables. - Answer-28) Important spreadsheet features for modeling include all of the following EXCEPT A) what-if analysis. B) goal seeking. C) macros. D) pivot tables. D) The problem is not bound by constraints. - Answer-29) Which of the following is NOT a characteristic displayed by a LP allocation problem? A) A limited quantity of economic resources is available for allocation. B) The resources are used in the production of products or services. C) There are two or more ways in which the resources can be used. D) The problem is not bound by constraints. C) There is a single way in which the resources can be used. - Answer-30) Which of the following is NOT a characteristic displayed by a LP allocation problem? A) Each activity in which the resources are used yields a return in terms of the stated goal. B) The resources are used in the production of products or services. C) There is a single way in which the resources can be used. D) The allocation is usually restricted by several limitations and requirements. D) All data are unknown with decision making under uncertainty. - Answer-31) Which of the following is NOT an assumption used by a LP allocation problem? A) Returns from different allocations can be compared. B) The return from any allocation is independent of other allocations. C) The total return is the sum of the returns yielded by the different activities. D) All data are unknown with decision making under uncertainty. C) Total returns cannot be compared. - Answer-32) Which of the following is NOT an assumption used by a LP allocation problem? A) The resources are to be used in the most economical manner. B) The return from any allocation is independent of other allocations. C) Total returns cannot be compared. D) All data are known with certainty. A) goal seek - Answer-33) This method calculates the values of the inputs necessary to achieve a desired level of an output. A) goal seek B) what-if C) sensitivity D) LP A) goal seek - Answer-34) This method calculates the values of the inputs necessary to generate a zero profit outcome. A) goal seek B) what-if C) sensitivity D) break-even B) greatest expected value. - Answer-35) The most common method for solving a risk analysis problem is to select the alternative with the A) smallest expected value. B) greatest expected value.