Test Bank For An Introduction To Management Science: Quantitative Approach 16th Edition | Author: David R. Anderson| All Chapters | Latest Edition

TEST BANK for An Introduction to Management Science: Quantitative Approach 15th Edition by David Anderson, Dennis
Sweeney, Thomas Williams and Jeffrey Camm.
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Test Bank Page 1

,TEST BANK for An Introduction to Management Science: Quantitative Approach 15th Edition by David Anderson, Dennis
Sweeney, Thomas Williams and Jeffrey Camm.
TEST BANK for An Introduction to Management Science: Qu
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antitative Approach 15th Edition by David Anderson, Dennis
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Sweeney, Thomas Williams and Jeffrey Camm.
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Test Bank Page 2

,TEST BANK for An Introduction to Management Science: Quantitative Approach 15th Edition by David Anderson, Dennis
Sweeney, Thomas Williams and Jeffrey Camm.
CH’01’-’Introduction

True’/’False



1. The’process’of’decision’making’is’more’limited’than’that’of’problem’solving.

a. True

b. False

ANSWER: True

POINTS: 1

DIFFICULTY: Easy

LEARNING’OBJECTIVES:’ IMS.ASWC.19.01.01’-’1.1

NATIONAL’STANDARDS:’ United’States’-’BUSPROG:’Reflective’Thinking

TOPICS: 1.1’Problem’Solving’and’Decision’Making

KEYWORDS: Bloom's:’Understand



2. The’breakeven’point’is’the’point’at’which’the’volume’of’output’produced’is’the’result’of’total’revenue’equaling’total’c

ost.

a. True

b. False

ANSWER: True

POINTS: 1

DIFFICULTY: Easy

LEARNING’OBJECTIVES:’ IMS.ASWC.19.01.04’-’1.4

NATIONAL’STANDARDS:’ United’States’-’BUSPROG:’Reflective’Thinking

TOPICS: 1.4’Models’of’Cost,’Revenue,’and’Profit

KEYWORDS: Bloom's:’Understand




Test Bank Page 3

, TEST BANK for An Introduction to Management Science: Quantitative Approach 15th Edition by David Anderson, Dennis
Sweeney, Thomas Williams and Jeffrey Camm.
3. Problem’solving’encompasses’both’the’identification’of’a’problem’and’the’action’to’resolve’it.

a. True

b. False

ANSWER: True

POINTS: 1

DIFFICULTY: Easy

LEARNING’OBJECTIVES:’ IMS.ASWC.19.01.01’-’1.1

NATIONAL’STANDARDS:’ United’States’-’BUSPROG:’Reflective’Thinking

TOPICS: 1.1’Problem’Solving’and’Decision’Making

KEYWORDS: Bloom's:’Remember



4. The’decision-making’process’includes’implementation’and’subsequent’evaluation’of’the’decision.

a. True

b. False

ANSWER: False

POINTS: 1

DIFFICULTY: Easy

LEARNING’OBJECTIVES:’ IMS.ASWC.19.01.01’-’1.1


NATIONAL’STANDARDS:’ United’States’-’BUSPROG:’Reflective’Thinking

TOPICS: 1.1’Problem’Solving’and’Decision’Making

KEYWORDS: Bloom's:’Understand



5. Most’successful’quantitative’analysis’models’will’advise’separating’the’management’analyst’from’the’managerial’team’u

ntil’after’the’problem’has’been’fully’structured.

a. True

b. False


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