Test Bank for Quantitative Analysis for Management, 14th edition By Render All Chapters ||Complete A+ Guide

TEST BANK
Quantitative Analysis for Management, 14th Edition by
Barry Render , All 15 Chapters Covered




1

, TABLE11OF11CONTENTS

1. Introduction11to11Quantitative11Analysis

2. Probability11Concepts11and11Applications

3. Decision11Analysis

4. Regression11Models

5. Forecasting

6. Inventory11Control11Models

7. Linear11Programming11Models:11Graphical11and11Computer11Methods

8. Linear11Programming11Applications

9. Transportation,11Assignment,11and11Network11Models

10. Integer11Programming,11Goal11Programming,11and11Nonlinear11Programming

11. Project11Management

12. Waiting11Lines11and11Queuing11Theory11Models

13. Simulation11Modeling

14. Markov11Analysis

15. Statistical11Quality11Control




2

,Quantitative11Analysis11for11Management,1114e11(Render)11C
hapter111Introduction11to11Quantitative11Analysis

15.1 True/False
1) Interviews,11statistical11sampling,11and11company11reports11provide11input11data11for11qu
antitative11analysis11models.
Answer:11TRU
E11Diff:11Mode
rate
Topic:1 1 THE11QUANTITATIVE11ANALYSIS11APPROACH
LO:111.3:11Describe11the11use11of11modeling11in11quantitative11a
nalysis.11AACSB:11Analytical11thinking
Classification:1 1 Concept

2) In11the11early111900s,11Frederick11Winslow11Taylor11pioneered11the11principles11of11th
e11scientific11approach11to11management.
Answer:11TRU
E11Diff:11Mode
rate
Topic:1 1 WHAT11IS11QUANTITATIVE11ANALYSIS?
LO:111.1:11Describe11the11quantitative11analysis11approach11and11understand11how11to11apply11it11
to11a11real11situation.
AACSB:11Analytical11thinking11Classificat
ion:11Concept

3) Managers11do11not11need11to11be11familiar11with11the11limitations,11assumptions,11and
/or11specific11applicability11of11the11quantitative11analysis11technique11to11use11it11for11ac
curate11decision11making.11Answer:11FALSE
Diff:1 1 Moderate
Topic:1 1 INTRODUCTION
LO:111.6:11Recognize11possible11problems11in11using11quantitative11analysi
s.11AACSB:11Analytical11thinking
Classification:1 1 Concept

4) During11World11War11II,11many11new11scientific11and11quantitative11techniques11were11deve
loped11to11assist11the11military,11and11these11developments11were11so11successful11that11many11co
mpanies11started11using11similar11techniques11in11managerial11decision11making11and11planning
11after11the11war.
Answer:11TRU
E11Diff:11Mode
rate
Topic:1 1 WHAT11IS11QUANTITATIVE11ANALYSIS?
LO:111.1:11Describe11the11quantitative11analysis11approach11and11understand11how11to11apply11it11
to11a11real11situation.
AACSB:11Analytical11thinking11Classificat
ion:11Concept


3

, 5) The11study11of11Business11Analytics11involves11the11use11of11large11datasets11known11as11big11data.
Answer:11TRUE
11Diff:1 1 Modera
te
Topic:1 1 BUSINESS11ANALYTICS
LO:111.2:11Describe11the11three11categories11of11business11analy
tics.11AACSB:11Analytical11thinking
Classification:1 1 Concept

6) Predictive11Analytics11is11aimed11at11forecasting11future11outcomes11based11on11patterns11in11the11past11data
Answer:11TRUE
11Diff:1 1 Modera
te
Topic:1 1 BUSINESS11ANALYTICS
LO:111.2:11Describe11the11three11categories11of11business11analy
tics.11AACSB:11Analytical11thinking
Classification:1 1 Concept

7) When11a11problem11is11difficult11to11quantify,11it11may11be11necessary11to11develop11unspecific11objectives.
Answer:11FALS
E11Diff:1 1 Moder
ate
Topic:1 1 THE11QUANTITATIVE11ANALYSIS11APPROACH
LO:111.3:11Describe11the11use11of11modeling11in11quantitative11a
nalysis.11AACSB:11Analytical11thinking
Classification:1 1 1 1 Concept

8) The11Quantitative11Analysis11Approach11consists11of11six11steps.
Answer:11FALS
E11Diff:1 1 Moder
ate
Topic:1 1 THE11QUANTITATIVE11ANALYSIS11APPROACH
LO:111.3:11Describe11the11use11of11modeling11in11quantitative11a
nalysis.11AACSB:11Analytical11thinking
Classification:1 1 1 1 Concept

9) A11schematic11model11is11a11picture,11drawing,11or11chart11of11reality.
Answer:11TRUE
11Diff:1 1 Modera
te
Topic:1 1 THE11QUANTITATIVE11ANALYSIS11APPROACH
LO:111.3:11Describe11the11use11of11modeling11in11quantitative11a
nalysis.11AACSB:11Analytical11thinking
Classification:1 1 Concept

10) Decision11variables11may11also11be11called11parameters.
Answer:11FALS
4