40)If a simulation result does NoT match the intuition or judgment of the decision maker, what can occu A)read/write error B)visual distortion C) project failure D)confidence gap Answer: D Diff: 2 Page Ref: 359 41)A(n) model can be constructed under assumed environments of certainty nswer dynamic Diff: 2 Page Ref: 324 42)Selecting the best to work with is a laborious yet important task for companies and government organizations Answer: vend Diff: 2 Page Ref: 320 43)Identification of a model's variables(e.g, decision, result, uncontrollable) is critical, as are the relationships among the Answer: variables Diff: 2 Page Ref: 324 like data, must be managed to maintain their integrity, and thus their applicability Answer: Models Diff: 2 Page Ref: 326 45)Factors that are not under the control of the decision maker but can be fixed are called Answer: parameters Diff: 2 Page Ref: 328 46)The components of a quantitative model are linked by expressions Answer: algebraic Diff: 2 Page Ref: 329 47)A probabilistic decision-making situation is a decision made under Answer: risk Diff: 2 age Ref: 331 48)Risk is a decision-making method that analyzes the risk(based on assumed known probabilities)associated with different alternatives Answer: analysis Diff: 2 Page Ref: 331 Copyright C 2018 Pearson Education, Inc7 Copyright © 2018 Pearson Education, Inc. 40) If a simulation result does NOT match the intuition or judgment of the decision maker, what can occur? A) read/write error B) visual distortion C) project failure D) confidence gap Answer: D Diff: 2 Page Ref: 359 41) A(n) ________ model can be constructed under assumed environments of certainty. Answer: dynamic Diff: 2 Page Ref: 324 42) Selecting the best ________ to work with is a laborious yet important task for companies and government organizations. Answer: vendors Diff: 2 Page Ref: 320 43) Identification of a model's variables (e.g., decision, result, uncontrollable) is critical, as are the relationships among the ________. Answer: variables Diff: 2 Page Ref: 324 44) ________, like data, must be managed to maintain their integrity, and thus their applicability. Answer: Models Diff: 2 Page Ref: 326 45) Factors that are not under the control of the decision maker but can be fixed, are called ________. Answer: parameters Diff: 2 Page Ref: 328 46) The components of a quantitative model are linked by ________ expressions. Answer: algebraic Diff: 2 Page Ref: 329 47) A probabilistic decision-making situation is a decision made under ________. Answer: risk Diff: 2 Page Ref: 331 48) Risk ________ is a decision-making method that analyzes the risk (based on assumed known probabilities) associated with different alternatives. Answer: analysis Diff: 2 Page Ref: 331