An Introduction to Management Science Test Bank 15th Edition | Anderson, Sweeney, Williams, Camm, Cochran

TEST BANK
An Introduction to Management Science: Quantitative Approach
DAVID ANDERSON, DENNIS SWEENEY, THOMAS WILLIAMS, JEFFREY CAMM, JAMES COCHRAN
15th Edition

,TEST BANK for An Introduction to Management Science: Quantitative Approach 15th Edition by David Anderson, Dennis
Sweeney, Thomas Williams and Jeffrey Camm.
CH 01 - Introduction

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




Test Bank Page 2

,TEST BANK for An Introduction to Management Science: Quantitative Approach 15th Edition by David Anderson, Dennis
Sweeney, Thomas Williams and Jeffrey Camm.
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




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




Test Bank Page 3

, TEST BANK for An Introduction to Management Science: Quantitative Approach 15th Edition by David Anderson, Dennis
Sweeney, Thomas Williams and Jeffrey Camm.
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

POINTS: 1

DIFFICULTY: Easy

LEARNING OBJECTIVES: IMS.ASWC.19.01.03 - 1.3




Test Bank Page 4