Test Bank for an Introduction to Management Science Quantitative Approach 15th Edition (Cengage, 2018) by Anderson, Sweeney and Thomas, Isbn no; 9781337406529, all Chapters Covered

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, Test Bank For An Introduction to Management
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th
Science- Quantitative Approach, 15
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Edition by oo ff ff




Anderson
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True / False
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1. The process of decision making is more limited than that of problem solving.
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a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
LEARNINGOBJECTIVES: IMS.ASWC.19.01.01 - 1.1 oo oo


NATIONALSTANDARDS: United States - BUSPROG: Reflective ff oo oo oo


Thinking oo


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


KEYWORDS: Bloom's: Understand oo




2. The breakeven point is the point at which the volume of output produced is the result of total
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revenue equaling total cost.
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a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
LEARNING OBJECTIVES: IMS.ASWC.19.01.04 - 1.4
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NATIONALSTANDARDS: United States - BUSPROG: Reflective ff oo oo oo


Thinking oo


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


KEYWORDS: Bloom's: Understand oo




3. Problem solving encompasses both the identification of a problem and the action to resolve it.
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a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
LEARNINGOBJECTIVES: IMS.ASWC.19.01.01 - 1.1 oo oo



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,NATIONALSTANDARDS: United States - BUSPROG: Reflective
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Thinking
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TOPICS: 1.1 Problem Solving and Decision Making
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KEYWORDS: Bloom's: Remember
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, 4. The decision-making process includes implementation and subsequent evaluation of the decision.
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a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy
LEARNINGOBJECTIVES: IMS.ASWC.19.01.01 - 1.1 oo oo


NATIONALSTANDARDS: United States - BUSPROG: Reflective ff oo oo oo


Thinking oo


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


KEYWORDS: Bloom's: Understand oo




5. Most successful quantitative analysis models will advise separating the management analyst from
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the managerial team until after the problem has been fully structured.
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a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Moderate
LEARNINGOBJECTIVES: IMS.ASWC.19.01.03 - 1.3 oo oo


NATIONALSTANDARDS: United States - BUSPROG: Reflective ff oo oo oo


Thinking oo


TOPICS: 1.3 Quantitative Analysis oo oo


KEYWORDS: Bloom's: Understand oo




6. The value of making a decision based on models is dependent on how closely the model
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represents the real situation.
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a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
LEARNINGOBJECTIVES: IMS.ASWC.19.01.03 - 1.3 oo oo


NATIONALSTANDARDS: United States - BUSPROG: Reflective ff oo oo oo


Thinking oo


TOPICS: 1.3 Quantitative Analysis oo oo


KEYWORDS: Bloom's: Understand oo




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

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