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ch.1 - basic terms QA

ADRIANA LOPEZ 12 questions

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Questions in this quiz (12)

  1. 1In analyzing a problem, you should normally study the _______ aspects
    1. ABOTH qualitative & quantitative aspects
    2. Bqualitative aspects
    3. Cquantitative aspects
  2. 2Quantitative Analysis is ______ approach to Decision Making.
    1. AALL --> the logical, rational, scientific approach :)
    2. Bwrong answer options
  3. 3Frederick Winslow Taylor ....
    1. APIONEERED the PRINCIPLES of SCIENTIFIC MANAGEMENT :)
    2. Bwrong answer options
  4. 4An input ( such as a variable cost per unit or fixed cost) for a model is an example of ______.
    1. AA PARAMETER :)
    2. Bwrong answer options (a decision variable/an algorithm/stochastic variable)
  5. 5The point at which the zero profits are earned or
    TOTAL REVENUE = TOTAL COST is called the _________
    1. Abreak-even point
    2. Bwrong answer options
  6. 6Quantitative Analysis is associated with using which type of model?
    1. AMATHEMATICAL MODELS :)
    2. Bwrong answer options (schematic model, scale model,physical model )
  7. 7SENSITIVITY ANALYSIS is associated with which type of quantitative analysis approach?
    1. AANALYZING the results :)
    2. Bother options *wrong* (defining the problem/acquiring input data/implementing results)
  8. 8A deterministic model is one in which .....
    1. AALL PARAMETERS used in the model are KNOWN with COMPLETE CERTAINTY :)
    2. Bwrong answer options
  9. 9The term algorithm is named after ....
    1. AALL --> ALGORISMUS, a 9th century MATHEMATICIAN, DESCRIBES A SERIES OF STEPS/procedures to be repeated :)
    2. Bwrong answer options
  10. 10An analysis to determine how much a solution would change if there were changes in the model or input data is called....
    1. ASENSITIVITY ANALYSIS (aka postoptimality analysis) :)
    2. Bwrong answer options

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