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

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


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).




University of Michigan Flint MGT 313 Intro to Management Science Winter 2015 Review Test Submission