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Question 1 Correct answer

What does the BCG matrix suggest? Remarks (Answer Source) Example:
Shi Kai - Pg 106 of textbook
I. Invest in Stars, milk Cash cows, and divest Dogs I think answer is I & II Remarks (Answer Source)
II. Cultivate Question marks into Stars Shariffah - Agree with Shi Kai
III. Invest in Cash cows Lena - agree
CH agreed - III is repeated, IV is a
IV. Try to turn around Dogs no-no 100% Correct Answers
I
II
IV
I and II only (correct answer ) Confirmed
III

Question 2 Remarks (Answer Source)

Governance refers to all processes of governing, True or False? LSG Book Page 89- Valerie
TRUE (correct answer) Confirmed
FALSE

Question 3 Remarks (Answer Source)

A good leader's role involves mostly fire fighting, True or False? LSG Book Page 153
TRUE
FALSE(correct answer) Confirmed

Question 4 Remarks (Answer Source)

What is Data Validation used for? *Huzairi pg 345 textbook
: check input cells are correctly
I. Restrict inputs to permitted data type or value range entered
II. Validate the data for accuracy
Answer: Validate the data for
III. Sort the data accuracy
I CH - Restrict inputs to permitted
type
I, II and III
What is Data Validation used Confirmed (1) - Sha
III
II

Question 5
All goals must be Remarks (Answer Source)
Rational, automatic and memorable Smart: specific, measurable,
achievable, realistic, timely
Refutable, audacious and massive
Realistic, achievable and measurable (correct answer) Confirmed
Ridiculous, awesome and musical
Reasonable, accurate and meaningful

Question 6
Define the benefits of scenario-based planning. Which of the following(s) are the benefits of scenario-based planning? Remarks (Answer Source)
I. Increased sensitivity to change LSG Book Page 197
II. Brings about a contingency mind-set *Huzairi- should be I & II
III. Increased ability to develop optimal solutions
I CONFIRMED
I, II and III should be I & II
I and II only
III
II

Question 7
Explain the outcome of giving a model to a client who had little or no part in
developing it. Which of the following statements is true? Remarks (Answer Source)
The client will request for changes
The client will find the model too overwhelming to assimilate quickly
The client will have no sense of ownership
Significant remodeling and modifications will be required, wasting considerable effort in the work done Confirmed
All of the listed choices (correct answer) p245 - ally

Question 8
How should a 'five-star' business compete? Remarks (Answer Source)
I. Cost
II. Quality LSH textbook - Page 143
III. Reliability and Customer Service
II and III only(correct answer) I think its II & III . Cost not involve -
Val
I, II and III Confirmed
II Answer is II & III Cost is priceless
I
III

Question 9
What is back-testing? Remarks (Answer Source)
Establishing parameter values Pei Chi - Tip 30, Pg 163 of textbook
Changing variables
Applying past data to a model as if they had not yet happened Confirmed
Extracting a subset of old data
All of the listed choices

Question 10
Good performers should be promoted, True or False? Remarks (Answer Source)
Sk - answer should be false (LSG
TRUE pg 173)
FALSE
Confirmed Rachel T. (Agree)

Question 11
Demonstrate your understanding on 'LOOKUP' function by answering the following question. The LOOKUP function is
best applied when Remarks (Answer Source)
I. variables are not known Page 346
II. lookupRange and valueRange are not residing in the same table
III.lookupRange and valueRange are not of the same (row or column) orientation Confirmed
I, II and III
III
II and III only
II
I

Question 12
What should you do before writing a formula in a cell? Remarks (Answer Source)
I. Check the formula for correctness
II. Ensure all input cells for the formula have values in them think its II
III. Gather data for all input cells Page 134 Tip 21 - Shariffah
I, II and III Confirmed
I and II only
III
I
II

Question 13
What does Goal Seek do? Remarks (Answer Source)
Huzairi - page 368 " find value of a
single input variable that gives the
I. Generate various solutions desired value for an output variable
Page 15 mentioned about goal seek
II. Determine input value for a desired output solution -fiona
III. Resample multivariate date Confirmed
III
I, II and III
II
I and II only
I

Question 14
What does the success of an organization depend on? Remarks (Answer Source)
Its ability to enhance performance and optimize output
All of the listed choices Confirmed
Its ability to sustain interest
Its ability to foster creativity
Its ability to mobilize resources

Question 15
Culture and values are the same, True or False? Remarks (Answer Source)
TRUE Huzairi LSG Book page 119
FALSE Confirmed

Question 16
Extracting a simple generalizable closed-form mathematical formulation of a Remarks (Answer Source)
business challenge is easy, True or False? Page 104 Point 18
TRUE
FALSE Confirmed

Question 17
Values are important to the long-term success of a company, True or False? Remarks (Answer Source)
TRUE Confirmed
FALSE LSH book, Page 119 - val
Question 18
Why is it important to keep models "alive"? Remarks (Answer Source)
I. Enables user to get immediate response to ask what-if questions txtbk page 193
II. Finds optimal solutions CONFIRMED
III. Easy to update
II
I
III
I and II only
I, II and III

Question 19
What of the following statements are false? Remarks (Answer Source)
To spur an organization forward, it must know where it wants to be txtbk pg 106 (Diana)
Five Forces framework shows the relationships between a business and its competitors (Correct Answer) Confirmed
Five Forces framework shows the relationships between a business and its total environment
None of the listed choices
SWOT analysis looks at the interaction between internal and external factors

Question 20
How does one learn to abstract core problems from ill-defined situations? Remarks (Answer Source)
Huzairi- Data Validation - checks
variable type and value range for
I. Constantly apply Data Validation applied cells page 344
II. Work with real clients on real problems
III. Check your formula
I, II and III
I and II only Shariffah - i think answer is II. Page
244 Tip 40. Last few lines
III Diana - Agreed with Shariffah
II Duncan - Agreed with Shariffah
Confirmed

Question 21
What should promotion be based on? Remarks (Answer Source)
Values LSG Page 173
Intelligence
Potential for next level Confirmed
Outstanding performance
Relationships

Question 22
Define the main causes of serious errors in business spreadsheets. Remarks (Answer Source)
I. Spreadsheet modelers' overconfidence of their spreadsheet abilities Sk- Txtbk Pg 246
II. Spreadsheet modelers treating their spreadsheets work as disposable software
Lena - how about tip 41? - not
III. Spreadsheet modelers failing to talk to clients and end-users talking to the clients?

III esther - i believe its 1 and 11 too.

becos asking for serious errors
I Confirmed
I, II and III
II
I and II only

Question 37
Models with discrete variables are much harder to work with than ones
with continuous variables, True or False? Remarks (Answer Source)
Shariffah - Page 104 Point 18
TRUE -models with discrete variables are
much harder to work with
FALSE Confirmed

Question 23
Good performers should be promoted, True or False? Remarks (Answer Source)
TRUE LSG book page 117(Huzairi)
FALSE think is False because good
performers may not have good
values.
Confirmed
Question 24
Which of the following are considered models? Remarks (Answer Source)
Decision matrix and decision trees SK - txtbk pg 244 tip 39
Street maps
Mind-maps Confirmed
All of the listed choices
Tree-maps

Question 25
COUNTIF of an input cell against all other input cells of the same variable
giving a value larger than 1 suggests there is no validation error, True or False? Remarks (Answer Source)
TRUE Txtbook pg 357 CONFIRMED
FALSE *Does a standard COUNTIF
function give a value of 1?

Question 26 Remarks (Answer Source)

The VLOOKUP function is best applied when
lookupValue is compared with values in the center column of tableArray Pei Chi - Textbook, pg 346
None of the listed choices Confirmed
lookupValue is compared with values in a specified column of tableArray
lookupValue is compared with values in the left-most column of tableArray
lookupValue is compared with values in the right-most column of tableArray

Question 27 Remarks (Answer Source)

What does data include?
Sk - Pg 244 (Tip 39) - Answer
I. Numbers and texts should
II.Rules in formulas and model structures be I,II and III
III.Sounds, graphics, pictures and videos Confirmed
I
II
I, II and III
I and II only
III
Question 28
Organizations die because they Remarks (Answer Source)
I. fail to learn from the past Study Unit 4, Page 5
II. fail to adapt to the present LSH Text Book , Page 195 - Val
III. fail to anticipate the future Confirmed
I, II and III
III
I
I and II only f
II

Question 29 Remarks (Answer Source)

The purpose of analysis in modeling is to determine optimal or good answers, True or False?
True Confirmed
P244 "analysis is not restricted to
computing optimal or even good
False answers"

Question 30 Remarks (Answer Source)

What is the fundamental driver of success in business?
All of the listed choices Huzairi : LSG Book page 142
Right values Answer shoud be I
Methodology Confirmed
Technology
Strategy

Question 31 Remarks (Answer Source)

Models with discrete variables are much harder to work with than ones with continuous variables, True or False?
TRUE Confirmed
FALSE

Question 32 Remarks (Answer Source)

Why is it important to keep models "alive"? Should be all. - Kathy
I. Enables user to get immediate response to ask what-if questions
II. Finds optimal solutions Confrmed
III. Easy to update
II
I, II and III
I and II only
I
III

Quetion 33
All goals must be
Refutable, audacious and massive
Realistic, achievable and measurable Confirmed
Ridiculous, awesome and musical
Rational, automatic and memorable
Reasonable, accurate and meaningful
Question 34 Remarks (Answer Source)
COUNTIF of an input cell against all other input cells of the same variable giving a value larger than 1 suggests there False (Refer to page 134 Tip 22 of
is no validation error, True or False? textbook) - Fiona
TRUE
FALSE Confirmed

Question 35 Remarks (Answer Source)

Extracting a simple generalizable closed-form mathematical formulation of a
business challenge is easy, True or False? False. Pg 104 - Qianning
TRUE
FALSE Confirmed

Question 36 Remarks (Answer Source)

Culture and values are the same, True or False?
TRUE Confirmed
False. Values define the character
of the organisation; culture
describes its current personality -
FALSE Pg 118 (LGS) -- Qianning