test bank for an introduction to management science

L




TEST BANK for An Introduction to Manageme
e e e e e e




nt Science: Quantitative Approach 15th Edition
e e e e e




e by David Anderson, Dennis Sweeney, Thomas
e e e e e e




Williams and Jeffrey Camm.
e e e




Test Bank
e Page 1e

, CH 01 - Introduction
e e e




True / False
e e




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




a. True

b. False

ANSWER: True

POINTS: 1

DIFFICULTY: Easy

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




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




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




KEYWORDS: Bloom's: Understand e




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




a. True

b. False

ANSWER: True

POINTS: 1

DIFFICULTY: Easy

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




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




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




KEYWORDS: Bloom's: Understand e




Test Bank
e Page 2
e

, 3. Problem solving encompasses both the identification of a problem and the action to resolve it.
e e e e e e e e e e e e e e




a. True

b. False

ANSWER: True

POINTS: 1

DIFFICULTY: Easy

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




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




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




KEYWORDS: Bloom's: Remember e




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




a. True

b. False

ANSWER: False

POINTS: 1

DIFFICULTY: Easy

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




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




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




KEYWORDS: Bloom's: Understand e




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




il after the problem has been fully structured.
e e e e e e e




a. True

b. False


Test Bank
e Page 3
e

, ANSWER: False

POINTS: 1

DIFFICULTY: Moderate

LEARNING OBJECTIVES: IMS.ASWC.19.01.03 - 1.3
e e e e




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




TOPICS: 1.3 Quantitative Analysis
e e




KEYWORDS: Bloom's: Understand e




6. The value of making a decision based on models is dependent on how closely the model represents the real situation.
e e e e e e e e e e e e e e e e e e e




a. True

b. False

ANSWER: True

POINTS: 1

DIFFICULTY: Easy

LEARNING OBJECTIVES: IMS.ASWC.19.01.03 - 1.3
e e e e




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




TOPICS: 1.3 Quantitative Analysis
e e




KEYWORDS: Bloom's: Understand e




7. Uncontrollable inputs are the decision variables for a model.
e e e e e e e e




a. True

b. False

ANSWER: False

POINTS: 1

DIFFICULTY: Easy

LEARNING OBJECTIVES: IMS.ASWC.19.01.03 - 1.3
e e e e




Test Bank
e Page 4
e