31 Dec On my honor, I completed

MGT 313 Intro to Management Science Winter 2015

Course Intro To Management Science (Winter 2015)

• Question 1

Most companies employ sophisticated basic design and error-detection procedures for spreadsheet development and use.

a. True

b. False

• Question 2

Convergent thinking tends to dominate at the end of the problem-solving process.

a. True

b. False

• Question 3

Spreadsheet models are mathematical models.

a. True

b. False

• Question 4

Experience has shown that most end-user spreadsheet models are error-free.

a. True

b. False

• Question 5

Brainstorming is an example of divergent thinking.

a. True

b. False

• Question 6

Evaluating alternatives is an example of divergent thinking.

a. True

b. False

• Question 7

Novice modelers tend to undervalue model structure and overvalue data.

a. True

b. False

• Question 8

In building a new model, expert modelers tend to focus primarily on data acquisition and analysis.

a. True

b. False

• Question 9

Which of the following are among Powell and Baker’s list of modeling heuristics?

a. Simplify the problem.

b. Break the problem into modules.

c. Build a prototype and re?ne it.

d. Sketch graphs of key relationships.

e. Identify parameters and perform sensitivity analysis.

f. Separate the creation of ideas from their evaluation.

g. Work backward from the desired answer.

h. Focus on model structure, not on data collection.

i. All of the above are on Powell and Baker’s list of modeling heuristics.

• Question 10

Field studies, laboratory experiments, surveys of end-users and audits of existing spreadsheets indicate

a. End-user spreadsheets frequently have bugs.

b. End users are overcon?dent about the quality of their own spreadsheets.

c. The process that end users employ to create their spreadsheets is inef?cient at best and chaotic at worst.

d. End users often fail to employ the most productive methods for generating insights from their spreadsheets.

e. All of the above.

• Question 11

The authors discuss six phases of the problem-solving process. Put those six phases in their natural order.

Answers

a. Identifying a problem

b. Exploring the mess

c. Searching for information

d. Searching for solutions

e. Evaluating solutions

f. Implementing a solution

• Question 12

Match the following model features with the brief definitions/examples

Question Answers

1. Decisions Specific numerical assumptions

2. Outcomes Possible choices or actions

3. Structure Logic linking model components

4. Data Consequences

• Question 13

On my honor, I completed this quiz individually, without assistance from any other person(s).

a. True

b. False