Identify some possible problems in the quantitative analysis approach

What will be an ideal response?

Answers will vary but may include: conflicting viewpoints, ignoring the impact on other departments, poor assumptions, outdated solutions, difficulty matching the textbook approach, trading off model complexity with ease of understanding, poor input data, hard-to-understand mathematics, and having only one answer is limiting.

Business

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John owns an insurance policy that gives him the right to share in the insurer's surplus. What kind of policy is this?

A) Nonparticipating B) Participating C) Contributory D) Surplus

Business

Companies with a traditional hierarchical structure tend to be ________ organizations

A) spiral B) starfish C) spider D) star

Business