Any model is based on making assumptions because A) models have to be simplified to be useful. B) we cannot analyze an economic issue unless we reduce its complexity. C) both a and b. D) neither a nor b

(Need all four Question s....attempt only if you will provide answers for all four....thanks) if not then skip it     Q1. Inventory is the term we use to describe the accumulation of materials, customers or information as they flow through processes or networks. Match column A to column B for different types of inventory. Column A:1. Bed and breakfast accommodation2. Airport3. Hospital4. Car manufacturer5. Bank Column B: A. Application formsB. Components and partsC. Syringes and bandagesD. TicketsE. Food and beverages ---------------------------------------------------------------------------- Q2: Match the inventory type to how it is used. Column A: 1. Cycle inventory2. Anticipation inventory3. De-coupling inventory4. Pipeline inventory5. Buffer inventory Column B: A. When demand and supply is not predictableB. Safety stock to maintain supply when other products are being madeC. To fill the processing pipeline while goods are in transitD. Build up stocks during periods of low demand…

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Written Assignment | Negative Message Bad News to Customers: Stuck in Berlin Without a Credit Card Travel writer Blair Rhines was mystified when the sales clerk at a Berlin department store refused her credit card. “Sorry,” the clerk said, “your credit card is not being accepted. I don’t know why.” Rhines found out soon enough. Her bank had frozen her account because of an “unusual” spending pattern. The problem? “We’ve never had a charge from you in Germany before,” a bank official told her. The bank didn’t seem to remember that Rhines had repeatedly used that card in cities ranging from Boston to Tokyo to Cape Town over the past six years, each time without incident. Rhines was a victim of neural-network technology, a tool that is intended to protect credit cardholders from thieves who steal cards and immediately run up huge purchases. This technology tracks spending patterns. If it detects anything unusual—such as a sudden splurge on easy-to-fence items like jewelry—it sets off…