26)When the decision maker knows exactly what the outcome of each course of action will be this is decision making under A)certainty B)uncertainty Answe Diff: 2 Page Ref: 330 27)A(n) spreadsheet model represents behavior over time A)static b)dynamic C)looped Answer: B Diff:2 Page Ref: 336 28)Important spreadsheet features for modeling include all of the following EXCEPT A)what-if analysis B)goal seeking C)macros D)pivot tables Answer: D Diff: 2 Page Ref: 335 29)Which of the following is nOT a characteristic displayed by a LP allocation problem? A)a limited quantity of economic resources is available for allocation B)The resources are used in the production of products or services C)There are two or more ways in which the resources can be used D)The problem is not bound by constraints Ans Diff: 2 Page Ref: 338 30)Which of the following is nOT a characteristic displayed by a LP allocation problem? A) Each activity in which the resources are used yields a return in terms of the stated goal B) The resources are used in the production of products or services C) There is a single way in which the resources can be used D)The allocation is usually restricted by several limitations and requirements Answer: C Diff: 2 Page Ref: 338 Copyright C 2018 Pearson Education, Inc4 Copyright © 2018 Pearson Education, Inc. 26) When the decision maker knows exactly what the outcome of each course of action will be, this is decision making under A) certainty. B) uncertainty. C) risk. D) duress. Answer: A Diff: 2 Page Ref: 330 27) A(n) ________ spreadsheet model represents behavior over time. A) static B) dynamic C) looped D) add-in Answer: B Diff: 2 Page Ref: 336 28) Important spreadsheet features for modeling include all of the following EXCEPT A) what-if analysis. B) goal seeking. C) macros. D) pivot tables. Answer: D Diff: 2 Page Ref: 335 29) Which of the following is NOT a characteristic displayed by a LP allocation problem? A) A limited quantity of economic resources is available for allocation. B) The resources are used in the production of products or services. C) There are two or more ways in which the resources can be used. D) The problem is not bound by constraints. Answer: D Diff: 2 Page Ref: 338 30) Which of the following is NOT a characteristic displayed by a LP allocation problem? A) Each activity in which the resources are used yields a return in terms of the stated goal. B) The resources are used in the production of products or services. C) There is a single way in which the resources can be used. D) The allocation is usually restricted by several limitations and requirements. Answer: C Diff: 2 Page Ref: 338