< University of Michigan-Flint MGT 313 Quiz 1 Winter 2015> – Business & Finance 2023

 

University of Michigan-Flint MGT 313 Intro to Management Science Winter 2015

 

Review Test Submission: Q01

 

Course  Intro To Management Science (Winter 2015)

 

Test Q01

 

Instructions        Quiz 1 is a timed assessment. Thirty minutes are allotted for the quiz. While the system will not terminate the quiz after 30 minutes, your grade might be discounted proportionally if you exceed the allotted time. It is recommended that prior to opening the quiz you assemble:

 

•  Any notes or texts you want for reference

 

•  Pencils, scratch paper and calculator

 

•  A few sheets of graph paper

 

The latter items might be useful in answering some quantitative questions.

 

Good luck.

 

Results Displayed             All Answers, Submitted Answers, Correct Answers

 

 

 

Question 1                                                                                                                                          0 out of 1 points

 

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

 

Question 2                                                                                                                                          0 out of 1 points

 

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

 

Question 3                                                                                                                                          1 out of 1 points

 

Spreadsheet models are mathematical models.                                               

 

Question 4                                                                                                                                          0 out of 1 points

 

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

 

Question 5                                                                                                                                          1 out of 1 points

 

Brainstorming is an example of divergent thinking.                                         

 

 

 

 

 

Question 6                                                                                                                                          1 out of 1 points

 

Evaluating alternatives is an example of divergent thinking.                                        

 

Question 7                                                                                                                                          0 out of 1 points

 

Novice modelers tend to undervalue model structure and overvalue data.                                         

 

Question 8                                                                                                                                          0 out of 1 points

 

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

 

Question 9                                                                                                                                          2 out of 2 points

 

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

 

Question 10                                                                                                                                       2 out of 2 points

 

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

 

Question 11                                                                                                                                       2 out of 4 points

 

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

 

Question 12                                                                                                                                       4 out of 4 points

 

Match the following model features with the brief definitions/examples                                             

 

Question 13                                                                                                                                       0 out of 0 points

 

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