All quantitative models are typically made up of four basic components. List and describe them as well as what links them together
What will be an ideal response?
1. Result (outcome) variables reflect the level of effectiveness of a system; that is, they indicate how well the system performs or attains its goal(s). These variables are outputs.
2. Decision variables describe alternative courses of action. The decision maker controls the decision variables.
3. Uncontrollable variables or parameters are factors that affect the result variables but are not under the control of the decision maker. Either these factors can be fixed, in which case they are called parameters, or they can vary, in which case they are called variables.
4. Intermediate result variables reflect intermediate outcomes in mathematical models.
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Acquisition costs include which of the following costs?
A. Customer dissatisfaction costs B. Supply chain costs C. Maintenance and repair costs D. Quality costs E. Environmental costs
A business strategy achieves a specific set of goals which include ________.
A. Attracting new customers; developing new products or services B. Increasing costs; attracting new competition C. Developing new products or services; attracting new competition D. All of these
The existence of taxes can directly affect a common shareholder's preference for capital gains or
dividend income. Indicate whether the statement is true or false
Before a station can transmit or receive frames on a WLAN, its identity and
address must be known. For this purpose, a station must establish a(n) _________ with an AP within a particular BSS. A. Association B. Reassociation C. Disassociation D. all of the above