INTRODUCTION TO MANAGEMENT SCIENCE
BY ANDERSON 2026 EXAM PREPARATION
WORKBOOK COMPREHENSIVE QUESTIONS
AND ANSWERS HIGH SCORE A+
◉ 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
◉ Non-Routine. Answer: Unique, Most top management policy
decisions, one time decisions involving long-range commitments of
relative performance or duration, or those involving large
investments
BY ANDERSON 2026 EXAM PREPARATION
WORKBOOK COMPREHENSIVE QUESTIONS
AND ANSWERS HIGH SCORE A+
◉ 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
◉ Non-Routine. Answer: Unique, Most top management policy
decisions, one time decisions involving long-range commitments of
relative performance or duration, or those involving large
investments
