49)Spreadsheets use to extend their functionalit Answer: add-ins Diff: 2 Page Ref: 333 50) is performed by indicating a target cell, its desired value, and a changing cell Ar nswer Goal seeking Diff: 2 Page Ref: 335 51)Of the available solutions, at least one is the best, in the sense that the degree of goal attainment associated with it is the highest; this is called a(n) solution Answer: optimal Diff: 2 Page Ref: 338 52) Every LP model is composed of variables whose values are unknown and are searched for Answer: decision Diff: 2 Page Ref: 338 analysis attempts to assess the impact of a change in the input data or parameters on the proposed solution Answer: SensitiⅤit Diff: 2 Page Ref: 347 analysis is structured as"What will happen to the solution if an input variable, an Imption, or a parameter value is changed? Answer: What-if Diff: 2 Page Ref: 348 occur and then sec approach assumes that the best possible outcome of each alternative will 55)The Answer: optimistic Diff: 2 Page Ref: 350 56) Multiple goals is a decision situation in which alternatives are evaluated with several sometimes Answer: conflicting Diff: 2 Page Ref: 352 57)in simulation, one or more of the independent variables(e.g, the demand in nventory problem) are subject to chance variation Answer: probabilistic Diff: 3 Page Ref: 356 58)The most common simulation method for business decision problems is the simulation Answer: Monte Carlo Diff: 3 Page Ref: 357 Copyright C 2018 Pearson Education, Inc8 Copyright © 2018 Pearson Education, Inc. 49) Spreadsheets use ________ to extend their functionality. Answer: add-ins Diff: 2 Page Ref: 333 50) ________ is performed by indicating a target cell, its desired value, and a changing cell. Answer: Goal seeking Diff: 2 Page Ref: 335 51) Of the available solutions, at least one is the best, in the sense that the degree of goal attainment associated with it is the highest; this is called a(n) ________ solution. Answer: optimal Diff: 2 Page Ref: 338 52) Every LP model is composed of ________ variables whose values are unknown and are searched for. Answer: decision Diff: 2 Page Ref: 338 53) ________ analysis attempts to assess the impact of a change in the input data or parameters on the proposed solution. Answer: Sensitivity Diff: 2 Page Ref: 347 54) ________ analysis is structured as "What will happen to the solution if an input variable, an assumption, or a parameter value is changed?" Answer: What-if Diff: 2 Page Ref: 348 55) The ________ approach assumes that the best possible outcome of each alternative will occur and then selects the best of the best. Answer: optimistic Diff: 2 Page Ref: 350 56) Multiple goals is a decision situation in which alternatives are evaluated with several, sometimes ________, goals. Answer: conflicting Diff: 2 Page Ref: 352 57) In ________ simulation, one or more of the independent variables (e.g., the demand in an inventory problem) are subject to chance variation. Answer: probabilistic Diff: 3 Page Ref: 356 58) The most common simulation method for business decision problems is the ________ simulation. Answer: Monte Carlo Diff: 3 Page Ref: 357