Exam (elaborations)

An Introduction to Management Science: Quantitative Approach, 15th Edition – Anderson | Complete Test Bank with Solutions

Rating

Sold

Pages

755

Grade

A+

Uploaded on

15-10-2025

Written in

2025/2026

This document contains the complete test bank for An Introduction to Management Science: Quantitative Approach (15th Edition) by David R. Anderson, Dennis J. Sweeney, and Thomas A. Williams. It includes comprehensive multiple-choice and problem-based questions with detailed solutions for every chapter. Topics covered include linear programming, decision analysis, forecasting, simulation, inventory control, project management (PERT/CPM), and Markov analysis. Ideal for students and instructors seeking accurate practice questions aligned with the textbook.

Show more Read less

Institution

Course

Whoops! We can’t load your doc right now. Try again or contact support.

Report Copyright Violation

Connected book

David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran An Introduction to Management Science: Quantitative Approach

Edition:2018
ISBN:9781337406529
Edition:Unknown

Written for

Course: An Introduction to Management Science

All documents for this subject (15)

Document information

Uploaded on: October 15, 2025
Number of pages: 755
Written in: 2025/2026
Type: Exam (elaborations)
Contains: Questions & answers

Subjects

linear programming
decision analysis
simulation
project management
markov analysis test bank
management science test bank
quantitative approach test bank

Content preview

Test Bank For An Introduction to Management Science-
Quantitative Approach, 15th 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 1

,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 2

,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

Page 3

, KEYWORDS: Bloom's: Understand

11. The most critical component in determining the success or failure of any quantitative
approach to decision making is problem definition.
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: Remember

12. The first step in the decision-making process is to identify the problem.
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

13. All uncontrollable inputs or data must be specified before we can analyze the model and
recommend a decision or solution for the problem.
a. True
b. False
ANSWER: True
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

14. If you are deciding to buy either machine A, B, or C with the objective of minimizing the
sum of labor, material and utility costs, you are dealing with a single-criterion decision.
a. True

Page 4

$15.98

Get access to the full document:

100% satisfaction guarantee

Immediately available after payment

Both online and in PDF

No strings attached

Get to know the seller

Jackie247

Get to know the seller

Jackie247 Oxford University

View profile

Sold

Member since

3 months

Number of followers

Documents

174

Last sold

1 month ago

Jackie247 Test Banks and Practice Exams

Welcome to my Test Vault, a curated collection of reliable, easy-to-understand study resources designed to help you score higher with less stress. Inside, you’ll find practice tests, summaries, solved questions, exam guides, and revision notes that break down even the toughest concepts into clear, simple explanations. This vault is perfect for students who want to: ✔ Prepare confidently for upcoming exams ✔ Review key concepts quickly ✔ Understand difficult topics with step-by-step solutions ✔ Save time with organized, high-quality study material All documents are written in a clean, structured format and are updated regularly to ensure accuracy. Whether you're revising last-minute or studying throughout the term, this vault gives you everything you need to succeed.

Why students choose Stuvia

Created by fellow students, verified by reviews

Quality you can trust: written by students who passed their tests and reviewed by others who've used these notes.

Didn't get what you expected? Choose another document

No worries! You can instantly pick a different document that better fits what you're looking for.

Pay as you like, start learning right away

No subscription, no commitments. Pay the way you're used to via credit card and download your PDF document instantly.

“Bought, downloaded, and aced it. It really can be that simple.”

Alisha Student

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Jackie247. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $15.98. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews) 45982 documents were sold in the last 30 days Founded in 2010, the go-to place to buy study notes for 15 years now

An Introduction to Management Science: Quantitative Approach, 15th Edition – Anderson | Complete Test Bank with Solutions

Connected book

Written for

Document information

Subjects

Content preview

Get to know the seller

Recently viewed by you

Why students choose Stuvia

Created by fellow students, verified by reviews

Didn't get what you expected? Choose another document

Pay as you like, start learning right away

Frequently asked questions

What do I get when I buy this document?

Satisfaction guarantee: how does it work?

Who am I buying these notes from?

Will I be stuck with a subscription?

Can Stuvia be trusted?