Modeling step of the business decision modeling process

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Reference no: EM131441164

1. The variables in break-even analysis are:

A. volume, cost, and profit

B. total cost, fixed cost, variable cost

C. Y, x, and price

D. total variable revenue and total sales

2. Which of the following best describes the Problem Modeling step of the Business Decision Modeling process?

A. Uses concrete models primarily during the early stages of the process.

B. Uses abstract models primarily during the early stages of the process.

C. Defines the problem to be modeled

D. The Problem Modeling step isn’t one of the steps in the Business Decision Modeling process.

Reference no: EM131441164

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