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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 Most companies employ sophisticated basic design and error-detection procedures for spreadsheet development and use. Answers: True False • Question 2 Convergent thinking tends to dominate at the end of the problem-solving process. Answers: True False • Question 3 Spreadsheet models are mathematical models. Answers: True False • Question 4 Experience has shown that most end-user spreadsheet models are error-free. Answers: True False • Question 5 Brainstorming is an example of divergent thinking. Answers: True False • Question 6 Evaluating alternatives is an example of divergent thinking. Answers: True False • Question 7 Novice modelers tend to undervalue model structure and overvalue data. Answers: True False • Question 8 In building a new model, expert modelers tend to focus primarily on data acquisition and analysis. Answers: True False • Question 9 Which of the following are among Powell and Baker’s list of modeling heuristics? Answers: a. Simplify the problem. b. Break the problem into modules. c. Build a prototype and re?ne it. d. Sketch graphs of key relationships. e. Identify parameters and perform sensitivity analysis. f. Separate the creation of ideas from their evaluation. g. Work backward from the desired answer. h. Focus on model structure, not on data collection. i. 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 Question Answers Decisions Correct Possible choices or actions Correct Outcomes Correct Consequences Correct Structure Correct Logic linking model components Correct Data Specific numerical assumptions Correct • Question 13 On my honor, I completed this quiz individually, without assistance from any other person(s). Answers: True False

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

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

Answers: True

False

 

• Question 2

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

Answers: True

False

 

• Question 3

Spreadsheet models are mathematical models.

Answers: True

False

 

• Question 4

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

Answers: True

False

 

• Question 5

Brainstorming is an example of divergent thinking.

Answers: True

False

 

• Question 6

Evaluating alternatives is an example of divergent thinking.

Answers: True

False

 

• Question 7

Novice modelers tend to undervalue model structure and overvalue data.

Answers: True

False

 

• Question 8

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

Answers: True

False

 

• Question 9

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

 

Answers: a.

Simplify the problem.

b.

Break the problem into modules.

c.

Build a prototype and re?ne it.

d.

Sketch graphs of key relationships.

e.

Identify parameters and perform sensitivity analysis.

f.

Separate the creation of ideas from their evaluation.

g.

Work backward from the desired answer.

h.

Focus on model structure, not on data collection.

i.

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

 

Question Answers  
Decisions Correct

Possible choices or actions

Correct
Outcomes Correct

Consequences

Correct
Structure Correct

Logic linking model components

Correct
Data Specific numerical assumptions Correct

 

 

• Question 13

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

 

Answers: True

False

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