Which of the Following Statements Are True

question 16

Multiple Choice

Which of the following statements are true?

• A) A fairly recent alternative to algebraic modeling is spreadsheet modeling. Instead of relating various quantities with algebraic equations and inequalities, we relate them in a spreadsheet with cell formulas.
• B) Data are usually meaningless until they are analyzed for trends, patterns, relationships, and other useful information
• C) Algebraic models, by means of algebraic equations and inequalities, specify a set of relationships in a very precise way. Their main drawback is that they require an ability to work with abstract mathematical symbols.
• D) When we make inferences from data and search for relationships in data, or when we use decision trees to help make decisions, we must deal with uncertainty.
• E) All of these statements are true.

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Definitions:

Inertia

The resistance to change or the tendency for objects or systems to remain in their current state without external force acting upon them.

Learning Organization

An organization skilled at creating, acquiring, and transferring knowledge, and at modifying its behavior to reflect new knowledge and insights.

Organizational Change

The process through which companies or organizations undergo substantive transformations in their structures, operations, or cultures to adapt to internal or external demands.

Organizations Learn

The process by which organizations adapt and improve over time through the acquisition, transfer, and retention of knowledge.