CBAD 292 Exam 1 (Decision Analysis) – Questions With
Definite Solutions
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Practice questions for this set
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A management science model is typically initiated when an organization believes it has a
problem
Choose an answer
1 True 2 False
Don't know?
Terms in this set (50)
A first step in determining how check whether the model is valid for the current situation
well a model fits reality is to
Before trusting the answers to validate the model
what-if scenarios from a
spreadsheet model, a manager
should attempt to
Defining an organization's specifying the organization's objectives
problem includes
Management science has often models
been taught as a collection of
Optimization models are useful What the manager should do
for determining
The modeling process discussed seven-step process
in Practical Management
Science is a
The most frequent cause of a the analyst fails to communicate how to use the model
failed implementation of a
model is
, Which of the following is a The analyst's expectations are not correct
possible cause if a model's
outputs for certain inputs are
not as expected
Which of the following is a type Mathematical model
of model that is key to virtually
every management science
application
Which of the following is not The model is based on a well-known algorithm
necessarily a property of a good
model
Which of the following is not Mathematical models help reduce the cost of obtaining a
one of advantages of solution
mathematical models
Which of the following is not The people who will run the model are able to modify it
one of the desired conditions
for a successful model
implementation
Which of the following is not Optimality
one of the guiding principles for
a heuristic
Which of the following is not Modeling is often now a legal requirement
one of the reasons for the new-
found relevance of management
science models
Which of the following type of Analytical model
model is used when an
appropriate equation or system
of equations can be developed
to represent the system
A completed model typically False
marks the end of the modeling
process
A good model should achieve True
the right balance between
being too simple and too
complex
A management science model is True
typically initiated when an
organization believes it has a
problem
As models become larger and True
more complex, heuristic
solutions are often adequate,
even though they are not
necessarily optimal solutions
Data are often not in the True
required form, in which case it is
the analysts' job to gather the
right data and put it into an
appropriate format
In a descriptive model, the True
manager first wants to build a
model that reflects the current
situation
Definite Solutions
Save
Students also studied
Perio Study DENT 475 - Implant components NBDE II Review - Pro
Teacher 78 terms 42 terms 69 terms
Hunter_Charters Preview gillphil Preview melissa_jarvis7
Practice questions for this set
Learn 1 /7 Study with Learn
A management science model is typically initiated when an organization believes it has a
problem
Choose an answer
1 True 2 False
Don't know?
Terms in this set (50)
A first step in determining how check whether the model is valid for the current situation
well a model fits reality is to
Before trusting the answers to validate the model
what-if scenarios from a
spreadsheet model, a manager
should attempt to
Defining an organization's specifying the organization's objectives
problem includes
Management science has often models
been taught as a collection of
Optimization models are useful What the manager should do
for determining
The modeling process discussed seven-step process
in Practical Management
Science is a
The most frequent cause of a the analyst fails to communicate how to use the model
failed implementation of a
model is
, Which of the following is a The analyst's expectations are not correct
possible cause if a model's
outputs for certain inputs are
not as expected
Which of the following is a type Mathematical model
of model that is key to virtually
every management science
application
Which of the following is not The model is based on a well-known algorithm
necessarily a property of a good
model
Which of the following is not Mathematical models help reduce the cost of obtaining a
one of advantages of solution
mathematical models
Which of the following is not The people who will run the model are able to modify it
one of the desired conditions
for a successful model
implementation
Which of the following is not Optimality
one of the guiding principles for
a heuristic
Which of the following is not Modeling is often now a legal requirement
one of the reasons for the new-
found relevance of management
science models
Which of the following type of Analytical model
model is used when an
appropriate equation or system
of equations can be developed
to represent the system
A completed model typically False
marks the end of the modeling
process
A good model should achieve True
the right balance between
being too simple and too
complex
A management science model is True
typically initiated when an
organization believes it has a
problem
As models become larger and True
more complex, heuristic
solutions are often adequate,
even though they are not
necessarily optimal solutions
Data are often not in the True
required form, in which case it is
the analysts' job to gather the
right data and put it into an
appropriate format
In a descriptive model, the True
manager first wants to build a
model that reflects the current
situation
