2022-2023 1 (A)(5) (0) (0 ) : : : : : : : \begin{tabular}{|l|l|} \hline & \\ \hline & \\ \hline \end{tabular} Multiple Choces (15 questions, 3 points each, 45 points in total) 1. Inputs to a quantitative model (A) must all be deterministic if the problem is to have a solution. (B) are a trivial part of the problem solving process. (C) are uncertain for a stochastic model. (D) are uncontrollable for the decision variables. 2. Which of the following is not a component of a linear programming model? ( ) (A) Constraints. (B) Decision variables. (C) Parameters. (D) An objective. (E) A spreadsheet. 3. When formulating a linear programming problem on a spreadsheet, which is true?( ) (A) Parameters are called data cells. (B) Decision variables are called changing cells. (C) Non-negativity constraints must be included. (D) The objective function is called the objective cell. (E) All of the above. 4. If all the variables in a model are under the control of the decision maker, then the model is considered to be: (A) probabilistic (B) random (C) mathematical (D) schematic (E) deterministic 5. The quantitative analysis approach requires , ) (A) mathematical expressions for the relationships. (B) the manager's prior experience with a similar problem. (C) a relatively uncomplicated problem. 6. The ABC Corporation is considering introducing a new product, which will require buying new equipment for a monthly payment of $5,000. Each unit produced can be sold for $20.00. ABC incurs a variable cost of $10.00 per unit. How many units must ABC sell each month to break even? (A) 500 units (B) 5000 units (C) 250 units (D) 2500 units