One reason complex models have not found widespread use and application is that
A) managers are lazy
B) managers cannot understand how they work
C) the models are inaccurate
D) good models are time-consuming and managers must often react swiftly to dynamic demand
E) the statement is False; complex models are widely used and accepted

Question

Quizplus · Accepted Answer

Good complex models can be time-consuming to create and update, which may not always be feasible for managers who must react quickly to changing market demands. This can limit the widespread use and application of these models. However, this does not mean that managers are lazy or cannot understand how these models work, and there are certainly cases where complex models are widely used and accepted in certain industries or contexts.

One Reason Complex Models Have Not Found Widespread Use and Application