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QUESTION 1 State whether each of the following statement is TRUE or FALSE. a) One problem in using a quantitative model is that the
QUESTION 1 State whether each of the following statement is TRUE or FALSE. a) One problem in using a quantitative model is that the necessary data may be unavailable. b) All decisions that result in a favorable outcome are considered to be good decisions. c) Any problem that can be presented in a decision table can also be graphically portrayed in a decision tree. d) All linear programming problems can be solved using the graphical solution procedure. e) In transportation model, if supply is more than demand, dummy supply is added. (5 marks)
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