TEST BANK
Quantitative Analysis for Management,
14th Edition by Barry Render
All 15 Chapters Covered
1
, TABLE OƑ CONTENTS
1. Introduction to Quantitative Analysis
2. Probability Concepts and Applications
3. Decision Analysis
4. Regression Models
5. Ƒorecasting
6. Inventory Control Models
7. Linear Programming Models: Graphical and Computer Methods
8. Linear Programming Applications
9. Transportation, Assignment, and Network Models
10. Integer Programming, Goal Programming, and Nonlinear Programming
11. Project Management
12. Waiting Lines and Queuing Theory Models
13. Simulation Modeling
14. Markov Analysis
15. Statistical Quality Control
2
,Quantitative Analysis ƒor Management, 14e (Render)
Chapter 1Introduction to Quantitative Analysis
1.1 True/Ƒalse
1) Interviews, statistical sampling, and company reports provide input data ƒor
quantitativeanalysis models.
Answer: TRUEDiƒƒ:
Moderate
Topic: THE QUANTITATIVE ANALYSIS APPROACH
LO: 1.3: Describe the use oƒ modeling in quantitative analysis.AACSB:
Analytical thinking
Classiƒication: Concept
2) In the early 1900s, Ƒrederick Winslow Taylor pioneered the principles oƒ the scientiƒic
approach to management.
Answer: TRUEDiƒƒ:
Moderate
Topic: WHAT IS QUANTITATIVE ANALYSIS?
LO: 1.1: Describe the quantitative analysis approach and understand how to apply it to a real
situation.
AACSB: Analytical thinking
Classiƒication: Concept
3) Managers do not need to be ƒamiliar with the limitations, assumptions, and/or
speciƒic applicability oƒ the quantitative analysis technique to use it ƒor accurate decision
making.Answer: ƑALSE
Diƒƒ: Moderate
Topic: INTRODUCTION
LO: 1.6: Recognize possible problems in using quantitative analysis.
AACSB: Analytical thinking
Classiƒication: Concept
4) During World War II, many new scientiƒic and quantitative techniques were developed to
assist the military, and these developments were so successƒul that many companies started
usingsimilar techniques in managerial decision making and planning aƒter the war.
Answer: TRUEDiƒƒ:
Moderate
Topic: WHAT IS QUANTITATIVE ANALYSIS?
LO: 1.1: Describe the quantitative analysis approach and understand how to apply it to a real
situation.
AACSB: Analytical thinking
3
, Classiƒication: Concept
4
Quantitative Analysis for Management,
14th Edition by Barry Render
All 15 Chapters Covered
1
, TABLE OƑ CONTENTS
1. Introduction to Quantitative Analysis
2. Probability Concepts and Applications
3. Decision Analysis
4. Regression Models
5. Ƒorecasting
6. Inventory Control Models
7. Linear Programming Models: Graphical and Computer Methods
8. Linear Programming Applications
9. Transportation, Assignment, and Network Models
10. Integer Programming, Goal Programming, and Nonlinear Programming
11. Project Management
12. Waiting Lines and Queuing Theory Models
13. Simulation Modeling
14. Markov Analysis
15. Statistical Quality Control
2
,Quantitative Analysis ƒor Management, 14e (Render)
Chapter 1Introduction to Quantitative Analysis
1.1 True/Ƒalse
1) Interviews, statistical sampling, and company reports provide input data ƒor
quantitativeanalysis models.
Answer: TRUEDiƒƒ:
Moderate
Topic: THE QUANTITATIVE ANALYSIS APPROACH
LO: 1.3: Describe the use oƒ modeling in quantitative analysis.AACSB:
Analytical thinking
Classiƒication: Concept
2) In the early 1900s, Ƒrederick Winslow Taylor pioneered the principles oƒ the scientiƒic
approach to management.
Answer: TRUEDiƒƒ:
Moderate
Topic: WHAT IS QUANTITATIVE ANALYSIS?
LO: 1.1: Describe the quantitative analysis approach and understand how to apply it to a real
situation.
AACSB: Analytical thinking
Classiƒication: Concept
3) Managers do not need to be ƒamiliar with the limitations, assumptions, and/or
speciƒic applicability oƒ the quantitative analysis technique to use it ƒor accurate decision
making.Answer: ƑALSE
Diƒƒ: Moderate
Topic: INTRODUCTION
LO: 1.6: Recognize possible problems in using quantitative analysis.
AACSB: Analytical thinking
Classiƒication: Concept
4) During World War II, many new scientiƒic and quantitative techniques were developed to
assist the military, and these developments were so successƒul that many companies started
usingsimilar techniques in managerial decision making and planning aƒter the war.
Answer: TRUEDiƒƒ:
Moderate
Topic: WHAT IS QUANTITATIVE ANALYSIS?
LO: 1.1: Describe the quantitative analysis approach and understand how to apply it to a real
situation.
AACSB: Analytical thinking
3
, Classiƒication: Concept
4
