Introduction to Management Science A Modeling And Case Studies Approach with Spreadsheets 6th Edition By Frederick Hillier – Test Bank

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