Business Simulation and Models Quiz

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5 Questions

What are the characteristics of a good model as per Dr. Abdelaziz Saleh Mohammad?

Simple to understand and goal-directed

Which type of model is a verbal description?

Descriptive model

Which type of model is described mathematically, in the form of equations?

Mathematical model

What is the characteristic of a good model that refers to its ability to adapt and be easily updated?

Adaptive and easy to update

In a simulation study, which step involves stating the problem?

Problem Formulation

Test your knowledge of business simulation and models with this quiz. Explore the classification of models, including physical, schematic, and descriptive representations. Dr. Abdelaziz Saleh Mohammad from the Faculty of Business at Middle East University provides insightful content for this quiz.

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