An Introduction to Management Science – Test Bank by Jeffrey Camm | Chapters 1–21 | Complete Exam Preparation Material

TEST BANK

An Introduction to Management Science


by Jeffrey Camm
N
16th Edition
U
R
SE
D
O
C
S

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1

, Test Bank For An Introduction to Management Science- Quantitative
Approach, 16th Edition by Anderson


True / False

1. The process of decision making is more limited than that of problem solving.
a. True
N
b. False
ANSWER: True
POINTS: 1
U
DIFFICULTY: Easy
LEARNING OBJECTIVES: IMS.ASWC.19.01.01 - 1.1
NATIONAL STANDARDS: United States - BUSPROG: Reflective Thinking
R
TOPICS: 1.1 Problem Solving and Decision Making
KEYWORDS: Bloom's: Understand
SE
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
D
DIFFICULTY: Easy
LEARNING OBJECTIVES: IMS.ASWC.19.01.04 - 1.4
NATIONAL STANDARDS: United States - BUSPROG: Reflective Thinking
O
TOPICS: 1.4 Models of Cost, Revenue, and Profit
KEYWORDS: Bloom's: Understand
C
3. Problem solving encompasses both the identification of a problem and the action to resolve it.
a. True
b. False
ANSWER: True
S
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

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,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
N
TOPICS: 1.1 Problem Solving and Decision Making
KEYWORDS: Bloom's: Understand
U
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
R
b. False
ANSWER: False
POINTS: 1
SE
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
D
6. The value of making a decision based on models is dependent on how closely the model represents the
real situation.
a. True
O
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
C
LEARNING OBJECTIVES: IMS.ASWC.19.01.03 - 1.3
NATIONAL STANDARDS: United States - BUSPROG: Reflective Thinking
TOPICS: 1.3 Quantitative Analysis
S
KEYWORDS: Bloom's: Understand


7. Uncontrollable inputs are the decision variables for a model.
a. True
b. False
ANSWER: False

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, 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
N
b. False
ANSWER: False
POINTS: 1
U
DIFFICULTY: Moderate
LEARNING OBJECTIVES: IMS.ASWC.19.01.03 - 1.3
NATIONAL STANDARDS: United States - BUSPROG: Reflective Thinking
R
TOPICS: 1.3 Quantitative Analysis
KEYWORDS: Bloom's: Understand
SE
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
D
DIFFICULTY: Easy
LEARNING OBJECTIVES: IMS.ASWC.19.01.01 - 1.1
NATIONAL STANDARDS: United States - BUSPROG: Reflective Thinking
O
TOPICS: 1.1 Problem Solving and Decision Making
KEYWORDS: Bloom's: Remember
C
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
S
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

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