Review Test Submission: Q01
Course Intro To Management Science (Winter 2015)
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.
Results Displayed All Answers, Submitted Answers, Correct Answers
• Question 1
Most companies employ sophisticated basic design and error-detection procedures for spreadsheet development and use.
• Question 2
Convergent thinking tends to dominate at the end of the problem-solving process.
• Question 3
Spreadsheet models are mathematical models.
• Question 4
Experience has shown that most end-user spreadsheet models are error-free.
• Question 5
Brainstorming is an example of divergent thinking.
• Question 6
Evaluating alternatives is an example of divergent thinking.
• Question 7
Novice modelers tend to undervalue model structure and overvalue data.
• Question 8
In building a new model, expert modelers tend to focus primarily on data acquisition and analysis.
• Question 9
Which of the following are among Powell and Baker’s list of modeling heuristics?
Simplify the problem.
Break the problem into modules.
Build a prototype and re?ne it.
Sketch graphs of key relationships.
Identify parameters and perform sensitivity analysis.
Separate the creation of ideas from their evaluation.
Work backward from the desired answer.
Focus on model structure, not on data collection.
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
Answers: End-user spreadsheets frequently have bugs.
End users are overcon?dent about the quality of their own spreadsheets.
The process that end users employ to create their spreadsheets is inef?cient at best and chaotic at worst.
End users often fail to employ the most productive methods for generating insights from their spreadsheets.
All of the above.
• Question 11
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
Possible choices or actions
Logic linking model components
|Data||Specific numerical assumptions|
• Question 13
On my honor, I completed this quiz individually, without assistance from any other person(s).