AN INTRODUCTION TO MANAGEMENT SCIENCE COMPREHENSIVE TEST PAPER QUESTIONS AND SOLUTIONS GRADED APLUS

AN INTRODUCTION TO MANAGEMENT
SCIENCE COMPREHENSIVE TEST PAPER
QUESTIONS AND SOLUTIONS GRADED
APLUS

●● Management Science
Answer: Makes extensive use of analytical methods and quantitative
techniques to support decision making.


●● Management Science
Answer: Also known as "Operations research", "Decision science", and
most
recently, "Business analytics"


●● Qualitative
Answer: Subjective by nature
• Rely on information that is not easily measurable
• Difficult to express in numbers, eg: feedback from customers
• Analysis on information from interview transcripts, and have to use
judgment and
experience in making decisions

, • Wide-ranging/Broad focus: Results are often ambiguous but may
contain additional
information


●● Quantitative
Answer: • Objective by nature
• Relies on statistical methods and mathematical evaluations
• Provide a numerical basis for decision making
• Can be expressed using numbers, eg: # of complaints
• Limited/Narrow focus: Results tend to be decisive and does not include
extra
information


●● Personal
Answer: Cannot ordinarily be delegated to others


●● Organizational
Answer: Can often, if not always, be delegated to others


●● Routine
Answer: Everyday highly repetitive management decisions which by
themselves may have little impact on the overall organization