Question: a) What role does the Black Box play in the business modelling process? Illustrate with a suitable diagram ( b) Are Influence Diagrams indispensable

a) What role does the Black Box play in the business modelling

a) What role does the Black Box play in the business modelling process? Illustrate with a suitable diagram ( b) Are Influence Diagrams indispensable in the Modelling process? (E c) Consider the following spreadsheet: ITEMS Sales Notation: a Selling Price each b TOTAL REVENUE Expenses: Advertising Bad Debt Insurance Maintenance Salaries TOTAL EXPENSES Income before Tax Tax Payable Income after Tax c=axb d e f g h i=d+e+f+g+h =c-i k=jx 0.05 |1=j-k Construct a Black Box and Influence Diagram representing the above. (8)

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