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
Author: David R. Anderson


16th Edition




Page 1

, Test Bank For An Introduction To Management Science- Quantitative
Approach, 16th Edition By Anderson


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 Cost.
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


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

Page 2

,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 Until After The Problem Has Been Fully Structured.
A. True
B. False
Answer: False
Points: 1
Difficulty: Moderate
Learning Objectives: Ims.Aswc.19.01.03 - 1.3
National Standards: United States - Busprog: Reflective Thinking
Topics: 1.3 Quantitative Analysis
Keywords: Bloom's: Understand


6. The Value Of Making A Decision Based On Models Is Dependent On How Closely The Model
Represents The Real Situation.
A. True
B. False
Answer: True
Points: 1
Difficulty: Easy
Learning Objectives: Ims.Aswc.19.01.03 - 1.3
National Standards: United States - Busprog: Reflective Thinking
Topics: 1.3 Quantitative Analysis
Keywords: Bloom's: Understand


7. Uncontrollable Inputs Are The Decision Variables For A Model.
A. True
B. False
Answer: False

Page 3

, Points: 1
Difficulty: Easy
Learning Objectives: Ims.Aswc.19.01.03 - 1.3
National Standards: United States - Busprog: Reflective Thinking
Topics: 1.3 Quantitative Analysis
Keywords: Bloom's: Remember


8. The Feasible Solution Is The Best Solution Possible For A Mathematical Model.
A. True
B. False
Answer: False
Points: 1
Difficulty: Moderate
Learning Objectives: Ims.Aswc.19.01.03 - 1.3
National Standards: United States - Busprog: Reflective Thinking
Topics: 1.3 Quantitative Analysis
Keywords: Bloom's: Understand


9. Frederic W. Taylor Is Credited With Providing The Foundation For Quantitative Methodology In The
Early Part Of The 20th Century.
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


10. To Identify The Choice That Provides The Highest Profit And Also Uses The Fewest Employees, We
Apply A Single-Criterion Decision Process.
A. True
B. False
Answer: False
Points: 1
Difficulty: Moderate
Learning Objectives: Ims.Aswc.19.01.01 - 1.1
National Standards: United States - Busprog: Reflective Thinking
Topics: 1.1 Problem Solving And Decision Making

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