Multiple Choice
Which of the following is not a benefit of using models in decision making?
A) They provide a standardized format for analyzing a problem.
B) They serve as a consistent tool for evaluation.
C) They are easy to use and less expensive than dealing with the actual situation.
D) They force the decision maker to take into account qualitative issues such as personalities and emotions.
E) They offer insights into fundamental issues at play in a decision-making setting.
Correct Answer:

Verified
Correct Answer:
Verified
Q22: Production systems with customized outputs typically have
Q23: Services can be stored and are not
Q24: Business organizations consist of three major functional
Q25: Product design and process selection are examples
Q26: Which is not an area of significant
Q28: Budgeting, analysis of investment proposals, and provision
Q29: Service typically involves a much higher degree
Q30: Most people encounter operations only in profit-making
Q31: As an abstraction of reality, a model
Q32: The essence of the operations function is