Which of the following statements is incorrect? pg85 Descriptive models are used to analyze the impact of
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Which of the following statements is incorrect? pg85 Descriptive models are used to analyze the impact of alternative courses of action.
Linear programming is a descriptive model.
Sensitivity analysis is a descriptive model.
Simulation is a descriptive model.
Descriptive models help management in deciding on what may be a good, but not necessarily optimal, solution to a problem.
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Related Book For
Cost Accounting Concepts And Applications For Managerial Decision Making
ISBN: 9780070103108
2nd Edition
Authors: Ralph S. Polimeni, James A. Cashin, Frank J. Fabozzi, Arthur H. Adelberg
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