Question (2): Multiple choice question. C- 1. In analyzing a problem, you should normally study a- The qualitative aspects. b- The quantitative aspects. Both a and b. d- Neither a nor b. 2. Quantitative analysis is a- A logical approach to decision making. b- A rational approach to decision making. C- A scientific approach to decision making. d- All of the above. 3. Qualitative factors Are less important than quantitative factors b- Are difficult or impossible to quantify. C Were first developed by Frederick Taylor. d- All of the above. 4. An input (such as variable cost per unit or fixed cost) for a model is an example of a- A decision variable. b- A parameter. An algorithm. d- A stochastic variable. a- C- 5. The first step in quantitative analysis approach will require a- Acquiring input data. b- Producing a scale model. C- Defining the problem. d- Determining the break-even point. 6. A parameter is A measurable input quantity that is inherent in a problem. b- An algorithm. A type of computer program. d- A schematic model. a