Management scientists use the terms "data" and "information" interchangeably--that is, the two terms mean the same thing
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Q15: A model is a mathematical representation of
Q16: Data are pieces of information from the
Q17: In general, an increase in price increases
Q18: Variable costs depend on the number of
Q19: Fixed costs depend on the number of
Q21: In both an objective function and a
Q22: Enterprise Resource Planning (ERP) system is a
Q23: A typical objective function might be written
Q24: The difference between volume multiplied by price
Q25: Total revenue minus total cost equals _.
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