Chapter 01 Concepts

Chapter 01 Concepts - Chapter 01 Concepts Name Start time...

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Chapter 01 Concepts Name: Start time: June 16, 2011 9:52pm Time allowed: 5 minutes Number of questions: 5 Finish Help Question 1 (1 point) A measurable quantity that may vary, or is subject to change, and can be controlled, is known as a(n) a. decision variable. b. algorithm. c. parameter. d. solution. Save answer Question 2 (1 point) The breakeven point is the quantity of sales in which a. total revenue = fixed cost. b. total revenue = 0. c. total revenue = total cost. d. total revenue = variable cost. Save answer Question 3 (1 point) Most of the models discussed in this book are a. schematic. b. scale models. c. physical models. d. mathematical models. Save answer Question 4 (1 point) A(n) _____________ is an abstract representation of reality or of a real life situation. a. objective b. model c. analysis d. algorithm Save answer Question 5 (1 point) To compute the breakeven point, the fixed cost is divided by a. variable cost. b.
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Chapter 01 Concepts - Chapter 01 Concepts Name Start time...

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