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Using Simulation to Analyze and Solve Business Problems

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

In project management, a simulation tool is designed to _____

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1. Which is NOT one of the four phases of a simulation process?

2. What additional element does a special purpose simulator typically require?

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About This Quiz & Worksheet

Using the worksheet and quiz, you can figure out how much you know about solving business problems using simulation. Phases of this process and types of simulators are topics on the quiz.

Quiz & Worksheet Goals

You can figure out how much you know about:

  • How a strong visual representation of a simulation can be represented
  • Simulators that are a subcategory of a general simulator
  • The design of a simulation tool
  • Four phases of a simulation process
  • An additional element that a special purpose simulator usually requires

Skills Practiced

  • Reading comprehension - ensure that you draw the most important information from the lesson on using simulations for business problems
  • Information recall - access the knowledge you have gained about the purpose of a simulation tool
  • Interpreting information - verify that you can read information about the four phases of a simulation process and interpret it correctly

Additional Learning

Using Simulation to Analyze and Solve Business Problems is a lesson you can study to learn more about:

  • Benefits of using simulation tools
  • Types of tools
  • The drawbacks of using simulation tools
Final Exam
Business 116: Quantitative Analysis
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