Exam (elaborations)
MGS 3100 Final.
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Exam of 3 pages for the course BUSMHR 3100 at BUSMHR 3100 (MGS 3100 Final.)
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MGS 3100 FinalWhat is Not true about models? - ANS-Models do not help in the decision making
process
Quantitative model - ANS-Break even analysis, where company decides estimated
amount of sales to avoid loss of money is what type of model?
Analog Model - ANS-Car Odometer is what type of model?
Deterministic model - ANS-A model which gives result by solving a linear equation is
what type of model?
Inductive reasoning example - ANS-Many students of Tracy class are going for picnic
hence you concluded, she is also going for picnic. This type of reasoning is an example
of
Sunk Cost example - ANS-R&D cost is which type of cost?
Models are always a perfect representation of a system 2 - ANS-What is Not true about
models 2
Qualitative model - ANS-Market Research is what type of model?
Symbolic Model - ANS-Spanish language is what type of model?
They include an element of randomness - ANS-What is true for probabilistic model
Deductive reasoning example - ANS-If A=B, B=C then A=C, What type of reasoning is
this?
Variable Cost - ANS-Raw Material cost is which type of cost?
To fill color in the current selected fields - ANS-What is the main function of fill color?
=A1+A2+A3+A4 - ANS-To add up series of number, what is the correct method?
=VLOOKUP (value, table, col_index, [range_lookup]) - ANS-What is the syntax of Vlook
up in excel?
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