Introduction to Management Science A Modeling And Case Studies Approach with Spreadsheets 6th Edition By Frederick Hillier – Test Bank
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Edition: 6th Edition
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Resource Type: Test Bank
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Introduction to Management Science A Modeling And Case Studies Approach with Spreadsheets 6th Edition By Frederick Hillier – Test Bank
Intro to Management Science: Modeling and Case Studies, 6e (Hillier)
Chapter 4 The Art of Modeling with Spreadsheets
1) If two managers are given the same business problem to analyze with a spreadsheet, their spreadsheet models will likely be almost identical.
Answer: FALSE
Difficulty: 1 Easy
Topic: Overview of the process of modeling with spreadsheets
Learning Objective: Describe the general process for modeling in spreadsheets.
Bloom’s: Remember
AACSB: Knowledge Application
Accessibility: Keyboard Navigation
2) There is a systematic procedure that will lead to a single correct spreadsheet model.
Answer: FALSE
Difficulty: 1 Easy
Topic: Overview of the process of modeling with spreadsheets
Learning Objective: Describe some guidelines for building good spreadsheet models.
Bloom’s: Remember
AACSB: Knowledge Application
Accessibility: Keyboard Navigation
3) The Plan-Build-Test-Analyze process should always be followed step-by-step, from beginning to end: Plan then Build then Test then Analyze.
Answer: FALSE
Difficulty: 2 Medium
Topic: Overview of the process of modeling with spreadsheets
Learning Objective: Describe some guidelines for building good spreadsheet models.
Bloom’s: Understand
AACSB: Knowledge Application
Accessibility: Keyboard Navigation
4) When building a model, it is often a good idea to start with a small-scale version of the problem.
Answer: TRUE
Difficulty: 1 Easy
Topic: Overview of the process of modeling with spreadsheets
Learning Objective: Describe some guidelines for building good spreadsheet models.
Bloom’s: Remember
AACSB: Knowledge Application
Accessibility: Keyboard Navigation
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