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An Introduction to Management Science Quantitative Approaches to Decision Making, Revised, Anderson - Exam Preparation Test Bank (Downloadable Doc)

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Uploaded on
April 28, 2022
Number of pages
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Written in
2021/2022
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Chapter 1—Introduction




MULTIPLE CHOICE



1. The field of management science

a. concentrates on the use of quantitative methods to assist in decision making.

b. approaches decision making rationally, with techniques based on the scientific method.

c. is another name for decision science and for operations research.

d. each of these choices are true.


ANS: D PTS: 1 TOP: Introduction



2. Identification and definition of a problem

a. cannot be done until alternatives are proposed.

b. is the first step of decision making.

c. is the final step of problem solving.

d. requires consideration of multiple criteria.


ANS: B PTS: 1 TOP: Problem solving and decision making



3. Decision alternatives

a. should be identified before decision criteria are established.

b. are limited to quantitative solutions

c. are evaluated as a part of the problem definition stage.

d. are best generated by brain-storming.

, ANS: A PTS: 1 TOP: Problem solving and decision making



4. Decision criteria

a. are the choices faced by the decision maker.

b. are the problems faced by the decision maker.

c. are the ways to evaluate the choices faced by the decision maker.

d. must be unique for a problem.


ANS: C PTS: 1 TOP: Problem solving and decision making



5. In a multicriteria decision problem

a. it is impossible to select a single decision alternative.

b. the decision maker must evaluate each alternative with respect to each criterion.

c. successive decisions must be made over time.

d. each of these choices are true.


ANS: B PTS: 1 TOP: Problem solving and decision making



6. The quantitative analysis approach requires

a. the manager's prior experience with a similar problem.

b. a relatively uncomplicated problem.

c. mathematical expressions for the relationships.


ANS: C PTS: 1 TOP: Quantitative analysis and decision making



7. A physical model that does not have the same physical appearance as the object being modeled is

a. an analog model.

, b. an iconic model.

c. a mathematical model.

d. a qualitative model.


ANS: A PTS: 1 TOP: Model development



8. Inputs to a quantitative model

a. are a trivial part of the problem solving process.

b. are uncertain for a stochastic model.

c. are uncontrollable for the decision variables.

d. must all be deterministic if the problem is to have a solution.


ANS: B PTS: 1 TOP: Model development



9. When the value of the output cannot be determined even if the value of the controllable input is
known, the model is

a. analog.

b. digital.

c. stochastic.

d. deterministic.


ANS: C PTS: 1 TOP: Model development



10. The volume that results in total revenue being equal to total cost is the

a. break-even point.

b. marginal volume.

c. marginal cost.

, d. profit mix.


ANS: A PTS: 1 TOP: Break-even analysis



11. Management science and operations research both involve

a. qualitative managerial skills.

b. quantitative approaches to decision making.

c. operational management skills.

d. scientific research as opposed to applications.


ANS: B PTS: 1 TOP: Introduction



12. George Dantzig is important in the history of management science because he developed

a. the scientific management revolution.

b. World War II operations research teams.

c. the simplex method for linear programming.

d. powerful digital computers.


ANS: C PTS: 1 TOP: Introduction



13. The first step in problem solving is

a. determination of the correct analytical solution procedure.

b. definition of decision variables.

c. the identification of a difference between the actual and desired state of affairs.

d. implementation.


ANS: C PTS: 1 TOP: Problem solving and decision making

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