Before trusting the answers to what-if scenarios from a spreadsheet model,a manager should attempt to:
A) validate the model
B) make sure all possible scenarios have been investigated
C) check the mathematics in the model
D) sense-check the model
Correct Answer:
Verified
Q12: A management science model is typically initiated
Q13: Verification is typically the most difficult phase
Q14: The best strategy for implementation of a
Q15: Optimization models are useful for determining:
A) sensitivity to
Q16: Models that suggest a desirable course of
Q18: A completed model typically marks the end
Q19: One of the advantages of spreadsheet models
Q20: As models become larger and more complex,heuristic
Q21: A first step in determining how well
Q22: Which of the following is not one
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