L
TEST BANK for An Introduction to Manageme
e e e e e e
nt Science: Quantitative Approach 15th Edition
e e e e e
e by David Anderson, Dennis Sweeney, Thomas
e e e e e e
Williams and Jeffrey Camm.
e e e
Test Bank
e Page 1e
, CH 01 - Introduction
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True / False
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1. The process of decision making is more limited than that of problem solving.
e e e e e e e e e e e e
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJECTIVES: IMS.ASWC.19.01.01 - 1.1
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NATIONAL STANDARDS: United States - BUSPROG: Reflective Thinking
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TOPICS: 1.1 Problem Solving and Decision Making
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KEYWORDS: Bloom's: Understand e
2. The breakeven point is the point at which the volume of output produced is the result of total revenue equaling total cost.
e e e e e e e e e e e e e e e e e e e e e
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJECTIVES: IMS.ASWC.19.01.04 - 1.4
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NATIONAL STANDARDS: United States - BUSPROG: Reflective Thinking
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TOPICS: 1.4 Models of Cost, Revenue, and Profit
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KEYWORDS: Bloom's: Understand e
Test Bank
e Page 2
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, 3. Problem solving encompasses both the identification of a problem and the action to resolve it.
e e e e e e e e e e e e e e
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJECTIVES: IMS.ASWC.19.01.01 - 1.1
e e e e
NATIONAL STANDARDS: United States - BUSPROG: Reflective Thinking
e e e e e e e
TOPICS: 1.1 Problem Solving and Decision Making
e e e e e
KEYWORDS: Bloom's: Remember e
4. The decision-making process includes implementation and subsequent evaluation of the decision.
e e e e e e e e e e
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJECTIVES: IMS.ASWC.19.01.01 - 1.1
e e e e
NATIONAL STANDARDS: United States - BUSPROG: Reflective Thinking
e e e e e e e
TOPICS: 1.1 Problem Solving and Decision Making
e e e e e
KEYWORDS: Bloom's: Understand e
5. Most successful quantitative analysis models will advise separating the management analyst from the managerial team unt
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il after the problem has been fully structured.
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a. True
b. False
Test Bank
e Page 3
e
, ANSWER: False
POINTS: 1
DIFFICULTY: Moderate
LEARNING OBJECTIVES: IMS.ASWC.19.01.03 - 1.3
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NATIONAL STANDARDS: United States - BUSPROG: Reflective Thinking
e e e e e e e
TOPICS: 1.3 Quantitative Analysis
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KEYWORDS: Bloom's: Understand e
6. The value of making a decision based on models is dependent on how closely the model represents the real situation.
e e e e e e e e e e e e e e e e e e e
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJECTIVES: IMS.ASWC.19.01.03 - 1.3
e e e e
NATIONAL STANDARDS: United States - BUSPROG: Reflective Thinking
e e e e e e e
TOPICS: 1.3 Quantitative Analysis
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KEYWORDS: Bloom's: Understand e
7. Uncontrollable inputs are the decision variables for a model.
e e e e e e e e
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJECTIVES: IMS.ASWC.19.01.03 - 1.3
e e e e
Test Bank
e Page 4
e
TEST BANK for An Introduction to Manageme
e e e e e e
nt Science: Quantitative Approach 15th Edition
e e e e e
e by David Anderson, Dennis Sweeney, Thomas
e e e e e e
Williams and Jeffrey Camm.
e e e
Test Bank
e Page 1e
, CH 01 - Introduction
e e e
True / False
e e
1. The process of decision making is more limited than that of problem solving.
e e e e e e e e e e e e
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJECTIVES: IMS.ASWC.19.01.01 - 1.1
e e e e
NATIONAL STANDARDS: United States - BUSPROG: Reflective Thinking
e e e e e e e
TOPICS: 1.1 Problem Solving and Decision Making
e e e e e
KEYWORDS: Bloom's: Understand e
2. The breakeven point is the point at which the volume of output produced is the result of total revenue equaling total cost.
e e e e e e e e e e e e e e e e e e e e e
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJECTIVES: IMS.ASWC.19.01.04 - 1.4
e e e e
NATIONAL STANDARDS: United States - BUSPROG: Reflective Thinking
e e e e e e e
TOPICS: 1.4 Models of Cost, Revenue, and Profit
e e e e e e
KEYWORDS: Bloom's: Understand e
Test Bank
e Page 2
e
, 3. Problem solving encompasses both the identification of a problem and the action to resolve it.
e e e e e e e e e e e e e e
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJECTIVES: IMS.ASWC.19.01.01 - 1.1
e e e e
NATIONAL STANDARDS: United States - BUSPROG: Reflective Thinking
e e e e e e e
TOPICS: 1.1 Problem Solving and Decision Making
e e e e e
KEYWORDS: Bloom's: Remember e
4. The decision-making process includes implementation and subsequent evaluation of the decision.
e e e e e e e e e e
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJECTIVES: IMS.ASWC.19.01.01 - 1.1
e e e e
NATIONAL STANDARDS: United States - BUSPROG: Reflective Thinking
e e e e e e e
TOPICS: 1.1 Problem Solving and Decision Making
e e e e e
KEYWORDS: Bloom's: Understand e
5. Most successful quantitative analysis models will advise separating the management analyst from the managerial team unt
e e e e e e e e e e e e e e e
il after the problem has been fully structured.
e e e e e e e
a. True
b. False
Test Bank
e Page 3
e
, ANSWER: False
POINTS: 1
DIFFICULTY: Moderate
LEARNING OBJECTIVES: IMS.ASWC.19.01.03 - 1.3
e e e e
NATIONAL STANDARDS: United States - BUSPROG: Reflective Thinking
e e e e e e e
TOPICS: 1.3 Quantitative Analysis
e e
KEYWORDS: Bloom's: Understand e
6. The value of making a decision based on models is dependent on how closely the model represents the real situation.
e e e e e e e e e e e e e e e e e e e
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJECTIVES: IMS.ASWC.19.01.03 - 1.3
e e e e
NATIONAL STANDARDS: United States - BUSPROG: Reflective Thinking
e e e e e e e
TOPICS: 1.3 Quantitative Analysis
e e
KEYWORDS: Bloom's: Understand e
7. Uncontrollable inputs are the decision variables for a model.
e e e e e e e e
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJECTIVES: IMS.ASWC.19.01.03 - 1.3
e e e e
Test Bank
e Page 4
e
