, TESTBANK FOR
Quantitative Analysis for Management, 14th edition Render
Important Notes
The file includes the complete test bank, organized chapter by chapter.
A sample of selected pages has been provided for preview.
All available appendices and Excel files (if included in the original resources) are
provided.
We continuously update our files to ensure you receive the latest and most accurate
editions.
New editions are added regularly – stay connected for updates!
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If you believe you have purchased the wrong file, don’t worry. Contact us anytime and we
will gladly replace it with the correct version.
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,Quantitative Analysis for Management, 14e (Render)
Chapter 1 Introduction to Quantitative Analysis
1.1 True/False
1) Interviews, statistical sampling, and company reports provide input data for quantitative
analysis models.
Answer: TRUE
Diff: Moderate
Topic: THE QUANTITATIVE ANALYSIS APPROACH
LO: 1.3: Describe the use of modeling in quantitative analysis.
AACSB: Analytical thinking
Classification: Concept
2) In the early 1900s, Frederick Winslow Taylor pioneered the principles of the scientific
approach to management.
Answer: TRUE
Diff: Moderate
Topic: WHAT IS QUANTITATIVE ANALYSIS?
LO: 1.1: Describe the quantitative analysis approach and understand how to apply it to a real
situation.
AACSB: Analytical thinking
Classification: Concept
3) Managers do not need to be familiar with the limitations, assumptions, and/or specific
applicability of the quantitative analysis technique to use it for accurate decision making.
Answer: FALSE
Diff: Moderate
Topic: INTRODUCTION
LO: 1.6: Recognize possible problems in using quantitative analysis.
AACSB: Analytical thinking
Classification: Concept
4) During World War II, many new scientific and quantitative techniques were developed to
assist the military, and these developments were so successful that many companies started using
similar techniques in managerial decision making and planning after the war.
Answer: TRUE
Diff: Moderate
Topic: WHAT IS QUANTITATIVE ANALYSIS?
LO: 1.1: Describe the quantitative analysis approach and understand how to apply it to a real
situation.
AACSB: Analytical thinking
Classification: Concept
1
Copyright © 2024 Pearson Education, Inc.
,5) The study of Business Analytics involves the use of large datasets known as big data.
Answer: TRUE
Diff: Moderate
Topic: BUSINESS ANALYTICS
LO: 1.2: Describe the three categories of business analytics.
AACSB: Analytical thinking
Classification: Concept
6) Predictive Analytics is aimed at forecasting future outcomes based on patterns in the past data.
Answer: TRUE
Diff: Moderate
Topic: BUSINESS ANALYTICS
LO: 1.2: Describe the three categories of business analytics.
AACSB: Analytical thinking
Classification: Concept
7) When a problem is difficult to quantify, it may be necessary to develop unspecific objectives.
Answer: FALSE
Diff: Moderate
Topic: THE QUANTITATIVE ANALYSIS APPROACH
LO: 1.3: Describe the use of modeling in quantitative analysis.
AACSB: Analytical thinking
Classification: Concept
8) The Quantitative Analysis Approach consists of six steps.
Answer: FALSE
Diff: Moderate
Topic: THE QUANTITATIVE ANALYSIS APPROACH
LO: 1.3: Describe the use of modeling in quantitative analysis.
AACSB: Analytical thinking
Classification: Concept
9) A schematic model is a picture, drawing, or chart of reality.
Answer: TRUE
Diff: Moderate
Topic: THE QUANTITATIVE ANALYSIS APPROACH
LO: 1.3: Describe the use of modeling in quantitative analysis.
AACSB: Analytical thinking
Classification: Concept
10) Decision variables may also be called parameters.
Answer: FALSE
Diff: Moderate
Topic: THE QUANTITATIVE ANALYSIS APPROACH
LO: 1.3: Describe the use of modeling in quantitative analysis.
AACSB: Analytical thinking
Classification: Concept
2
Copyright © 2024 Pearson Education, Inc.
,11) Model variables can be controllable or uncontrollable.
Answer: TRUE
Diff: Moderate
Topic: THE QUANTITATIVE ANALYSIS APPROACH
LO: 1.3: Describe the use of modeling in quantitative analysis.
AACSB: Analytical thinking
Classification: Concept
12) A series of steps or procedures that are repeated is known as an algorithm.
Answer: TRUE
Diff: Moderate
Topic: THE QUANTITATIVE ANALYSIS APPROACH
LO: 1.3: Describe the use of modeling in quantitative analysis.
AACSB: Analytical thinking
Classification: Concept
13) A model is a representation of a situation.
Answer: TRUE
Diff: Moderate
Topic: THE QUANTITATIVE ANALYSIS APPROACH
LO: 1.3: Describe the use of modeling in quantitative analysis.
AACSB: Analytical thinking
Classification: Concept
14) A parameter is a measurable quantity that may vary or is subject to change.
Answer: FALSE
Diff: Moderate
Topic: THE QUANTITATIVE ANALYSIS APPROACH
LO: 1.3: Describe the use of modeling in quantitative analysis.
AACSB: Analytical thinking
Classification: Concept
15) Trying various approaches and picking the one resulting in the best decision is called
incomplete enumeration.
Answer: FALSE
Diff: Moderate
Topic: THE QUANTITATIVE ANALYSIS APPROACH
LO: 1.3: Describe the use of modeling in quantitative analysis.
AACSB: Analytical thinking
Classification: Concept
3
Copyright © 2024 Pearson Education, Inc.
,16) All problems can be solved by considering only the quantitative issues.
Answer: FALSE
Diff: Easy
Topic: WHAT IS QUANTITATIVE ANALYSIS?
LO: 1.1: Describe the quantitative analysis approach and understand how to apply it to a real
situation.
AACSB: Analytical thinking
Classification: Concept
17) A profit equation is an example of a schematic model.
Answer: FALSE
Diff: Moderate
Topic: THE QUANTITATIVE ANALYSIS APPROACH
LO: 1.3: Describe the use of modeling in quantitative analysis.
AACSB: Analytical thinking
Classification: Concept
18) Testing the data and model should be done before the results have been analyzed.
Answer: TRUE
Diff: Easy
Topic: THE QUANTITATIVE ANALYSIS APPROACH
LO: 1.3: Describe the use of modeling in quantitative analysis.
AACSB: Analytical thinking
Classification: Concept
19) Sensitivity analysis helps us estimate the effect of known and unknown errors in our model.
Answer: TRUE
Diff: Moderate
Topic: THE QUANTITATIVE ANALYSIS APPROACH
LO: 1.3: Describe the use of modeling in quantitative analysis.
AACSB: Analytical thinking
Classification: Concept
20) Models can help us analyze a problem and sell a decision to those who must implement it.
Answer: TRUE
Diff: Easy
Topic: HOW TO DEVELOP A QUANTITATIVE ANALYSIS MODEL
LO: 1.4: Prepare a quantitative analysis model.
AACSB: Analytical thinking
Classification: Concept
4
Copyright © 2024 Pearson Education, Inc.
,21) A sensitivity analysis allows a manager to answer the "what if" questions.
Answer: TRUE
Diff: Moderate
Topic: THE QUANTITATIVE ANALYSIS APPROACH
LO: 1.3: Describe the use of modeling in quantitative analysis.
AACSB: Analytical thinking
Classification: Concept
22) One problem in using a quantitative model is that the necessary data may be unavailable.
Answer: TRUE
Diff: Easy
Topic: POSSIBLE PROBLEMS IN THE QUANTITATIVE ANALYSIS APPROACH
LO: 1.6: Recognize possible problems in using quantitative analysis.
AACSB: Analytical thinking
Classification: Concept
23) Management support and user involvement are not essential in the successful implementation
of quantitative analysis projects.
Answer: FALSE
Diff: Easy
Topic: IMPLEMENTATION—NOT JUST THE FINAL STEP
LO: 1.7: Recognize implementation concerns of quantitative analysis.
AACSB: Analytical thinking
Classification: Concept
24) Revenue is calculated by subtracting expenses from profit.
Answer: FALSE
Diff: Easy
Topic: HOW TO DEVELOP A QUANTITATIVE ANALYSIS MODEL
LO: 1.4: Prepare a quantitative analysis model.
AACSB: Analytical thinking
Classification: Application
25) In order for a break-even quantity to exist in the presence of positive fixed costs, sales price
must exceed variable cost per unit.
Answer: TRUE
Diff: Moderate
Topic: HOW TO DEVELOP A QUANTITATIVE ANALYSIS MODEL
LO: 1.4: Prepare a quantitative analysis model.
AACSB: Analytical thinking
Classification: Application
5
Copyright © 2024 Pearson Education, Inc.
,26) The Goal Seek feature in Microsoft Excel can be commonly applied for break-even analysis.
Answer: TRUE
Diff: Easy
Topic: THE ROLE OF COMPUTERS AND SPREADSHEET MODELS IN THE
QUANTITATIVE ANALYSIS APPROACH
LO: 1.5: Use computers and spreadsheet models to perform quantitative analysis.
AACSB: Analytical thinking
Classification: Application
27) From an implementation standpoint, a "good" solution to the right problem is much better
than an "optimal" solution to a correct problem.
Answer: FALSE
Diff: Moderate
Topic: POSSIBLE PROBLEMS IN THE QUANTITATIVE ANALYSIS APPROACH
LO: 1.6: Recognize possible problems in using quantitative analysis.
AACSB: Analytical thinking
Classification: Application
28) One simplifying assumption in inventory modeling is that demand is usually assumed to be
zero.
Answer: FALSE
Diff: Moderate
Topic: POSSIBLE PROBLEMS IN THE QUANTITATIVE ANALYSIS APPROACH
LO: 1.6: Recognize possible problems in using quantitative analysis.
AACSB: Analytical thinking
Classification: Application
29) When specifying a formulation for an inventory model where demand is uncertain, is to
make use of probability distributions to model the demand variable.
Answer: TRUE
Diff: Moderate
Topic: POSSIBLE PROBLEMS IN THE QUANTITATIVE ANALYSIS APPROACH
LO: 1.6: Recognize possible problems in using quantitative analysis.
AACSB: Analytical thinking
Classification: Application
30) Sensitivity analysis helps determine the impact of minor changes in input data on the
solution.
Answer: TRUE
Diff: Moderate
Topic: POSSIBLE PROBLEMS IN THE QUANTITATIVE ANALYSIS APPROACH
LO: 1.6: Recognize possible problems in using quantitative analysis.
AACSB: Analytical thinking
Classification: Application
6
Copyright © 2024 Pearson Education, Inc.
,31) At its core, the most important skill for problem solving is communication skills.
Answer: FALSE
Diff: Moderate
Topic: DEVELOPING SKILLS FOR YOUR CAREER
LO: 1.8: Recognize the employable skill sets that are covered in this text.
AACSB: Analytical thinking
Classification: Application
1.2 Multiple Choice
1) Which of the following terms is interchangeable with quantitative analysis?
A) management science
B) economics
C) financial analysis
D) statistics
Answer: A
Diff: Easy
Topic: WHAT IS QUANTITATIVE ANALYSIS?
LO: 1.1: Describe the quantitative analysis approach and understand how to apply it to a real
situation.
AACSB: Analytical thinking
Classification: Concept
2) Operations Research is known as
A) the science of numerical analysis.
B) the science of sensitivity analysis.
C) the science of better.
D) the science of modeling.
Answer: C
Diff: Moderate
Topic: INTRODUCTION
LO: 1.1: Describe the quantitative analysis approach and understand how to apply it to a real
situation.
AACSB: Analytical thinking
Classification: Concept
7
Copyright © 2024 Pearson Education, Inc.
, 3) Who is credited with pioneering the principles of the scientific approach to management?
A) Adam Smith
B) Henri Fayol
C) John R. Locke
D) Frederick W. Taylor
Answer: D
Diff: Moderate
Topic: WHAT IS QUANTITATIVE ANALYSIS?
LO: 1.1: Describe the quantitative analysis approach and understand how to apply it to a real
situation.
AACSB: Analytical thinking
Classification: Concept
4) Which of the following techniques involves the study and consolidation of historical data for a
business and an industry?
A) descriptive analytics
B) prescriptive analytics
C) predictive analytics
D) management science
Answer: A
Diff: Moderate
Topic: BUSINESS ANALYTICS
LO: 1.2: Describe the three categories of business analytics.
AACSB: Analytical thinking
Classification: Concept
5) The study of business analytics involves the use of large datasets known as
A) predictive data.
B) trivial data.
C) big data.
D) prescriptive data.
Answer: C
Diff: Moderate
Topic: BUSINESS ANALYTICS
LO: 1.2: Describe the three categories of business analytics.
AACSB: Analytical thinking
Classification: Concept
8
Copyright © 2024 Pearson Education, Inc.
Quantitative Analysis for Management, 14th edition Render
Important Notes
The file includes the complete test bank, organized chapter by chapter.
A sample of selected pages has been provided for preview.
All available appendices and Excel files (if included in the original resources) are
provided.
We continuously update our files to ensure you receive the latest and most accurate
editions.
New editions are added regularly – stay connected for updates!
Purchase Guarantee
If you believe you have purchased the wrong file, don’t worry. Contact us anytime and we
will gladly replace it with the correct version.
Contact Email:
,Quantitative Analysis for Management, 14e (Render)
Chapter 1 Introduction to Quantitative Analysis
1.1 True/False
1) Interviews, statistical sampling, and company reports provide input data for quantitative
analysis models.
Answer: TRUE
Diff: Moderate
Topic: THE QUANTITATIVE ANALYSIS APPROACH
LO: 1.3: Describe the use of modeling in quantitative analysis.
AACSB: Analytical thinking
Classification: Concept
2) In the early 1900s, Frederick Winslow Taylor pioneered the principles of the scientific
approach to management.
Answer: TRUE
Diff: Moderate
Topic: WHAT IS QUANTITATIVE ANALYSIS?
LO: 1.1: Describe the quantitative analysis approach and understand how to apply it to a real
situation.
AACSB: Analytical thinking
Classification: Concept
3) Managers do not need to be familiar with the limitations, assumptions, and/or specific
applicability of the quantitative analysis technique to use it for accurate decision making.
Answer: FALSE
Diff: Moderate
Topic: INTRODUCTION
LO: 1.6: Recognize possible problems in using quantitative analysis.
AACSB: Analytical thinking
Classification: Concept
4) During World War II, many new scientific and quantitative techniques were developed to
assist the military, and these developments were so successful that many companies started using
similar techniques in managerial decision making and planning after the war.
Answer: TRUE
Diff: Moderate
Topic: WHAT IS QUANTITATIVE ANALYSIS?
LO: 1.1: Describe the quantitative analysis approach and understand how to apply it to a real
situation.
AACSB: Analytical thinking
Classification: Concept
1
Copyright © 2024 Pearson Education, Inc.
,5) The study of Business Analytics involves the use of large datasets known as big data.
Answer: TRUE
Diff: Moderate
Topic: BUSINESS ANALYTICS
LO: 1.2: Describe the three categories of business analytics.
AACSB: Analytical thinking
Classification: Concept
6) Predictive Analytics is aimed at forecasting future outcomes based on patterns in the past data.
Answer: TRUE
Diff: Moderate
Topic: BUSINESS ANALYTICS
LO: 1.2: Describe the three categories of business analytics.
AACSB: Analytical thinking
Classification: Concept
7) When a problem is difficult to quantify, it may be necessary to develop unspecific objectives.
Answer: FALSE
Diff: Moderate
Topic: THE QUANTITATIVE ANALYSIS APPROACH
LO: 1.3: Describe the use of modeling in quantitative analysis.
AACSB: Analytical thinking
Classification: Concept
8) The Quantitative Analysis Approach consists of six steps.
Answer: FALSE
Diff: Moderate
Topic: THE QUANTITATIVE ANALYSIS APPROACH
LO: 1.3: Describe the use of modeling in quantitative analysis.
AACSB: Analytical thinking
Classification: Concept
9) A schematic model is a picture, drawing, or chart of reality.
Answer: TRUE
Diff: Moderate
Topic: THE QUANTITATIVE ANALYSIS APPROACH
LO: 1.3: Describe the use of modeling in quantitative analysis.
AACSB: Analytical thinking
Classification: Concept
10) Decision variables may also be called parameters.
Answer: FALSE
Diff: Moderate
Topic: THE QUANTITATIVE ANALYSIS APPROACH
LO: 1.3: Describe the use of modeling in quantitative analysis.
AACSB: Analytical thinking
Classification: Concept
2
Copyright © 2024 Pearson Education, Inc.
,11) Model variables can be controllable or uncontrollable.
Answer: TRUE
Diff: Moderate
Topic: THE QUANTITATIVE ANALYSIS APPROACH
LO: 1.3: Describe the use of modeling in quantitative analysis.
AACSB: Analytical thinking
Classification: Concept
12) A series of steps or procedures that are repeated is known as an algorithm.
Answer: TRUE
Diff: Moderate
Topic: THE QUANTITATIVE ANALYSIS APPROACH
LO: 1.3: Describe the use of modeling in quantitative analysis.
AACSB: Analytical thinking
Classification: Concept
13) A model is a representation of a situation.
Answer: TRUE
Diff: Moderate
Topic: THE QUANTITATIVE ANALYSIS APPROACH
LO: 1.3: Describe the use of modeling in quantitative analysis.
AACSB: Analytical thinking
Classification: Concept
14) A parameter is a measurable quantity that may vary or is subject to change.
Answer: FALSE
Diff: Moderate
Topic: THE QUANTITATIVE ANALYSIS APPROACH
LO: 1.3: Describe the use of modeling in quantitative analysis.
AACSB: Analytical thinking
Classification: Concept
15) Trying various approaches and picking the one resulting in the best decision is called
incomplete enumeration.
Answer: FALSE
Diff: Moderate
Topic: THE QUANTITATIVE ANALYSIS APPROACH
LO: 1.3: Describe the use of modeling in quantitative analysis.
AACSB: Analytical thinking
Classification: Concept
3
Copyright © 2024 Pearson Education, Inc.
,16) All problems can be solved by considering only the quantitative issues.
Answer: FALSE
Diff: Easy
Topic: WHAT IS QUANTITATIVE ANALYSIS?
LO: 1.1: Describe the quantitative analysis approach and understand how to apply it to a real
situation.
AACSB: Analytical thinking
Classification: Concept
17) A profit equation is an example of a schematic model.
Answer: FALSE
Diff: Moderate
Topic: THE QUANTITATIVE ANALYSIS APPROACH
LO: 1.3: Describe the use of modeling in quantitative analysis.
AACSB: Analytical thinking
Classification: Concept
18) Testing the data and model should be done before the results have been analyzed.
Answer: TRUE
Diff: Easy
Topic: THE QUANTITATIVE ANALYSIS APPROACH
LO: 1.3: Describe the use of modeling in quantitative analysis.
AACSB: Analytical thinking
Classification: Concept
19) Sensitivity analysis helps us estimate the effect of known and unknown errors in our model.
Answer: TRUE
Diff: Moderate
Topic: THE QUANTITATIVE ANALYSIS APPROACH
LO: 1.3: Describe the use of modeling in quantitative analysis.
AACSB: Analytical thinking
Classification: Concept
20) Models can help us analyze a problem and sell a decision to those who must implement it.
Answer: TRUE
Diff: Easy
Topic: HOW TO DEVELOP A QUANTITATIVE ANALYSIS MODEL
LO: 1.4: Prepare a quantitative analysis model.
AACSB: Analytical thinking
Classification: Concept
4
Copyright © 2024 Pearson Education, Inc.
,21) A sensitivity analysis allows a manager to answer the "what if" questions.
Answer: TRUE
Diff: Moderate
Topic: THE QUANTITATIVE ANALYSIS APPROACH
LO: 1.3: Describe the use of modeling in quantitative analysis.
AACSB: Analytical thinking
Classification: Concept
22) One problem in using a quantitative model is that the necessary data may be unavailable.
Answer: TRUE
Diff: Easy
Topic: POSSIBLE PROBLEMS IN THE QUANTITATIVE ANALYSIS APPROACH
LO: 1.6: Recognize possible problems in using quantitative analysis.
AACSB: Analytical thinking
Classification: Concept
23) Management support and user involvement are not essential in the successful implementation
of quantitative analysis projects.
Answer: FALSE
Diff: Easy
Topic: IMPLEMENTATION—NOT JUST THE FINAL STEP
LO: 1.7: Recognize implementation concerns of quantitative analysis.
AACSB: Analytical thinking
Classification: Concept
24) Revenue is calculated by subtracting expenses from profit.
Answer: FALSE
Diff: Easy
Topic: HOW TO DEVELOP A QUANTITATIVE ANALYSIS MODEL
LO: 1.4: Prepare a quantitative analysis model.
AACSB: Analytical thinking
Classification: Application
25) In order for a break-even quantity to exist in the presence of positive fixed costs, sales price
must exceed variable cost per unit.
Answer: TRUE
Diff: Moderate
Topic: HOW TO DEVELOP A QUANTITATIVE ANALYSIS MODEL
LO: 1.4: Prepare a quantitative analysis model.
AACSB: Analytical thinking
Classification: Application
5
Copyright © 2024 Pearson Education, Inc.
,26) The Goal Seek feature in Microsoft Excel can be commonly applied for break-even analysis.
Answer: TRUE
Diff: Easy
Topic: THE ROLE OF COMPUTERS AND SPREADSHEET MODELS IN THE
QUANTITATIVE ANALYSIS APPROACH
LO: 1.5: Use computers and spreadsheet models to perform quantitative analysis.
AACSB: Analytical thinking
Classification: Application
27) From an implementation standpoint, a "good" solution to the right problem is much better
than an "optimal" solution to a correct problem.
Answer: FALSE
Diff: Moderate
Topic: POSSIBLE PROBLEMS IN THE QUANTITATIVE ANALYSIS APPROACH
LO: 1.6: Recognize possible problems in using quantitative analysis.
AACSB: Analytical thinking
Classification: Application
28) One simplifying assumption in inventory modeling is that demand is usually assumed to be
zero.
Answer: FALSE
Diff: Moderate
Topic: POSSIBLE PROBLEMS IN THE QUANTITATIVE ANALYSIS APPROACH
LO: 1.6: Recognize possible problems in using quantitative analysis.
AACSB: Analytical thinking
Classification: Application
29) When specifying a formulation for an inventory model where demand is uncertain, is to
make use of probability distributions to model the demand variable.
Answer: TRUE
Diff: Moderate
Topic: POSSIBLE PROBLEMS IN THE QUANTITATIVE ANALYSIS APPROACH
LO: 1.6: Recognize possible problems in using quantitative analysis.
AACSB: Analytical thinking
Classification: Application
30) Sensitivity analysis helps determine the impact of minor changes in input data on the
solution.
Answer: TRUE
Diff: Moderate
Topic: POSSIBLE PROBLEMS IN THE QUANTITATIVE ANALYSIS APPROACH
LO: 1.6: Recognize possible problems in using quantitative analysis.
AACSB: Analytical thinking
Classification: Application
6
Copyright © 2024 Pearson Education, Inc.
,31) At its core, the most important skill for problem solving is communication skills.
Answer: FALSE
Diff: Moderate
Topic: DEVELOPING SKILLS FOR YOUR CAREER
LO: 1.8: Recognize the employable skill sets that are covered in this text.
AACSB: Analytical thinking
Classification: Application
1.2 Multiple Choice
1) Which of the following terms is interchangeable with quantitative analysis?
A) management science
B) economics
C) financial analysis
D) statistics
Answer: A
Diff: Easy
Topic: WHAT IS QUANTITATIVE ANALYSIS?
LO: 1.1: Describe the quantitative analysis approach and understand how to apply it to a real
situation.
AACSB: Analytical thinking
Classification: Concept
2) Operations Research is known as
A) the science of numerical analysis.
B) the science of sensitivity analysis.
C) the science of better.
D) the science of modeling.
Answer: C
Diff: Moderate
Topic: INTRODUCTION
LO: 1.1: Describe the quantitative analysis approach and understand how to apply it to a real
situation.
AACSB: Analytical thinking
Classification: Concept
7
Copyright © 2024 Pearson Education, Inc.
, 3) Who is credited with pioneering the principles of the scientific approach to management?
A) Adam Smith
B) Henri Fayol
C) John R. Locke
D) Frederick W. Taylor
Answer: D
Diff: Moderate
Topic: WHAT IS QUANTITATIVE ANALYSIS?
LO: 1.1: Describe the quantitative analysis approach and understand how to apply it to a real
situation.
AACSB: Analytical thinking
Classification: Concept
4) Which of the following techniques involves the study and consolidation of historical data for a
business and an industry?
A) descriptive analytics
B) prescriptive analytics
C) predictive analytics
D) management science
Answer: A
Diff: Moderate
Topic: BUSINESS ANALYTICS
LO: 1.2: Describe the three categories of business analytics.
AACSB: Analytical thinking
Classification: Concept
5) The study of business analytics involves the use of large datasets known as
A) predictive data.
B) trivial data.
C) big data.
D) prescriptive data.
Answer: C
Diff: Moderate
Topic: BUSINESS ANALYTICS
LO: 1.2: Describe the three categories of business analytics.
AACSB: Analytical thinking
Classification: Concept
8
Copyright © 2024 Pearson Education, Inc.
