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Exam (elaborations)

Introduction to Management Science A Modeling And Case Studies Approach with Spreadsheets 6th Edition By Frederick Hillier - Test Bank

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Test Bank For Introduction to Management Science A Modeling And Case Studies Approach with Spreadsheets 6th Edition By Frederick Hillier Complete Test Bank With Answers Instant Download












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Uploaded on
October 5, 2023
Number of pages
535
Written in
2023/2024
Type
Exam (elaborations)
Contains
Questions & answers

Subjects

  • 6th edition

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,Intro to Management Science: Modeling and Case Studies, 6e (Hillier)
Chapter 1 Introduction

1) Managers need to know the mathematical theory behind the techniques of management
science so that they can lead management science teams.

Answer: FALSE
Difficulty: 2 Medium
Topic: The Nature of Management Science
Learning Objective: Describe the nature of management science
Bloom's: Understand
AACSB: Knowledge Application

2) Management scientists use mathematical techniques to make decisions, which are then
implemented by managers.

Answer: FALSE
Difficulty: 2 Medium
Topic: The Nature of Management Science
Learning Objective: Describe the nature of management science
Bloom's: Understand
AACSB: Knowledge Application

3) Spreadsheets allow many managers to conduct their own analyses in management science
studies.

Answer: TRUE
Difficulty: 2 Medium
Topic: The Nature of Management Science
Learning Objective: Describe the nature of management science
Bloom's: Understand
AACSB: Knowledge Application

4) Managers must rely on management science experts to create and understand managerial
problems.

Answer: FALSE
Difficulty: 2 Medium
Topic: The Nature of Management Science
Learning Objective: Describe the nature of management science
Bloom's: Understand
AACSB: Knowledge Application




1
Copyright © 2019 McGraw-Hill

,5) Management science is a discipline that attempts to aid managerial decision making by
applying a scientific approach to managerial problems that involve quantitative factors.

Answer: TRUE
Difficulty: 1 Easy
Topic: The Nature of Management Science
Learning Objective: Describe the nature of management science
Bloom's: Remember
AACSB: Knowledge Application

6) The discovery of the simplex method in 1947 was the beginning of management science as a
discipline.

Answer: FALSE
Difficulty: 1 Easy
Topic: The Nature of Management Science
Learning Objective: Describe the nature of management science
Bloom's: Remember
AACSB: Knowledge Application

7) The rapid growth of computing capability and power has led to a corresponding rapid growth
of the management science discipline.

Answer: TRUE
Difficulty: 1 Easy
Topic: The Nature of Management Science
Learning Objective: Describe the nature of management science
Bloom's: Remember
AACSB: Knowledge Application

8) Managers make decisions based solely on the quantitative factors involved in the problem.

Answer: FALSE
Difficulty: 1 Easy
Topic: The Nature of Management Science
Learning Objective: Describe the nature of management science
Bloom's: Remember
AACSB: Knowledge Application




2
Copyright © 2019 McGraw-Hill

, 9) A management science team will try to conduct a systematic investigation of a problem that
includes careful data gathering, developing and testing hypotheses, and then applying sound
logic in the analysis.

Answer: TRUE
Difficulty: 3 Hard
Topic: The Nature of Management Science
Learning Objective: Describe the nature of management science
Bloom's: Apply
AACSB: Reflective Thinking

10) The mathematical model of a business problem is the system of equations and related
mathematical expressions that describes the essence of the problem.

Answer: TRUE
Difficulty: 1 Easy
Topic: The Nature of Management Science
Learning Objective: Explain what a mathematical model is
Bloom's: Remember
AACSB: Knowledge Application

11) A mathematical model of a business problem allows a manager to evaluate both quantitative
and qualitative aspects of the problem.

Answer: FALSE
Difficulty: 1 Easy
Topic: The Nature of Management Science
Learning Objective: Explain what a mathematical model is
Bloom's: Remember
AACSB: Knowledge Application

12) Once management makes its decisions, the management science team typically is finished
with its involvement in the problem.

Answer: FALSE
Difficulty: 2 Medium
Topic: The Nature of Management Science
Learning Objective: Describe the nature of management science
Bloom's: Understand
AACSB: Knowledge Application




3
Copyright © 2019 McGraw-Hill

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