Better Decision Making Due to Using a Modeling Process Is

question 39

Multiple Choice

Better decision making due to using a modeling process is achieved due to

• A) the interaction with the spreadsheet.
• B) the visualization of the system being studied.
• C) the insight gained through the process.
• D) the timeliness of the results obtained.

---

Definitions:

Breakeven Analysis

A financial calculation to determine the number of products or services a company must sell to cover its costs.

Cumulative Dollar Value

The total monetary value of something accumulated over time.

Investment

The action or process of allocating resources, usually money, with the expectation of generating an income or profit.

Custom-Write

The process of writing content or software based on the specific requirements of a client or a project.