Exam 1: Introduction to Quantitative Analysis

The authors cite resistance to quantitative analysis as a major reason for lack of adoption.According to a Swedish study, what percentage of projects proposed by top management was actually implemented?

What is meant by the term data validity?

Where is data usually collected at a firm and what problem arises from this for business analysts?

KJ built his taco truck out of $75,000,000 worth of titanium and duct tape.He uses $10.25 of organic bok choy, $6.75 of Wisconsin cheddar cheese, and $25.25 of foie gras in each taco.If he sells tacos at $475 each, what is his break-even quantity?

The condition of improper data yielding misleading results is referred to as

The widespread applicability of operations research methods to business followed which war?

Which of the following is not one of the steps in the quantitative analysis approach?

Postoptimality analysis is most closely associated with

The break-even point of a simple profit model represents a(n)

Suppose she decides to get both ducks and chickens, each receiving their own area in her backyard with separate housing.How much should the farmer charge for a dozen chicken eggs in order to make the chicken egg venture break even at month 12? (Assume that she buys mature birds that begin laying immediately.)

One problem in using a quantitative model is that the necessary data may be unavailable.

Which of the following is a picture, drawing, or chart of reality?

Suppose she decides to get both ducks and chickens, each receiving their own area in her backyard with separate housing.How much should the farmer charge for a dozen chicken eggs in order to make the profit from the chicken egg venture equal to the profit of the duck egg venture at the 12 month point of her operation? (Assume that she buys mature birds that begin laying immediately.)

Identify some possible problems in the quantitative analysis approach.

Suppose she decides to get both ducks and chickens, each receiving their own area in her backyard with separate housing.How much should the farmer charge for a dozen duck eggs in order to make the duck egg venture break even at month 12? (Assume that she buys mature birds that begin laying immediately.)

Interviews, statistical sampling, and company reports provide input data for quantitative analysis models.

What is his profit the first month?

Which of the following is not considered a possible problem in the quantitative analysis approach?

A set of logical and mathematical operations performed in a specific sequence is called a(n)

As a general rule, complex problems require