11 May QuestionHomework 1aMultiple Choice
Question
Homework 1a
Multiple Choice
Identify the choice that best completes the statement or answers the question.
____ 1. The essence of decision analysis is:
| a. | breaking down complex situations into manageable elements. |
| b. | choosing the best course of action among alternatives. |
| c. | finding the root cause of why something has gone wrong. |
| d. | thinking ahead to avoid negative consequences. |
____ 2. Why would someone wish to use a spreadsheet model?
| a. | To implement a computer model. |
| b. | Because spreadsheets are convenient. |
| c. | To analyze decision alternatives. |
| d. | All the above. |
____ 3. Which of the following fields of study is defined in Chapter One as the one that “uses computers, statistics, and mathematics to solve business problems”?
| a. | Accounting |
| b. | Information systems |
| c. | Management science |
| d. | Scientific management |
____ 4. Which of the following statements is true of using models in problem solving and decision analysis?
| a. | It is a fairly new idea. |
| b. | It is required in order to find good solutions. |
| c. | It is something everyone has done before. |
| d. | It is tied to the use of computers. |
____ 5. The textbook figure of the problem solving process is an example of a
| a. | mental model. |
| b. | prescriptive model. |
| c. | graphical model. |
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