A decision ____ is a numerical representation of a realistic situation, such as a cash-flow model of a business that shows how income adds to cash accounts and expenses deplete those accounts.
A) master
B) matrix
C) model
D) index

Question

Quizplus · Accepted Answer

A model is a representation of a real-life situation that can be used to make decisions. A cash-flow model is a specific type of model that shows how money flows into and out of a business over time. A master refers to a person who is highly skilled or knowledgeable in a particular field, a matrix is a grid or rectangular array of numbers, and an index is a list of items with references to where they can be found. None of these terms are as specific or appropriate as "model" for the given scenario.

A Decision ____ Is a Numerical Representation of a Realistic