Which of the following statements is false? A) Decision models selectively describe the managerial situation. B) Decision models consider all factors from the real world. C) Decision models designate performance measures that reflect objectives. D) Decision models designate decision variables.

Question

Quizplus · Accepted Answer

Decision models do not consider all factors from the real world. Instead, they selectively consider the relevant factors and ignore the irrelevant ones to simplify the problem and focus on the key variables.

Which of the Following Statements Is false