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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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  • June 17, 2024
  • 3
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
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denicetho
MGS 3100 Final
What 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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