Test bank for Quantitative Analysis for Management 14th Edition by Barry Render and Ralph M Stair Chapters 1-15 Covered

Test bank
Quantitative Analysis for Management
14th Edition by Barry Render and Ralph M Stair
Chapters 1-15 Covered




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CopyrightK©K2024KPearsonKEducation,KInc
.

, TABLE OF CONTENT
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Chapter 1 Introduction to Quantitative Analysis
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Chapter 2 Probability Concepts and Applications
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Chapter 3 Decision Analysis
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Chapter 4 Regression Models
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Chapter 5 Forecasting
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Chapter 6 Inventory Control Models
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Chapter 7 Linear Programming Models: Graphical and Computer Methods
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Chapter 8 Linear Programming Applications
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Chapter 9 Transportation, Assignment, and Network Models
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Chapter 10 Integer Programming, Goal Programming, and Nonlinear Programming
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Chapter 11 Project Management
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Chapter 12 Waiting Lines and Queuing Theory Models
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Chapter 13 Simulation Modeling
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Chapter 14 Markov Analysis
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Chapter 15 Statistical Quality Control
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CopyrightK©K2024KPearsonKEducation,KInc
.

,ChapterK1-15

ChapterK1 IntroductionKtoKQuantitativeKAnalysis

1.1K True/False

1) Interviews,KstatisticalKsampling,KandKcompanyKreportsKprovideKinputKdataKforKquantitativ
eKanalysisKmodels.
Answer:K TRUEKDiff:
K K Moderate

Topic:K K THEKQUANTITATIVEKANALYSISKAPPROACH
LO:K 1.3:KDescribeKtheKuseKofKmodelingKinKquantitativeKanalysis.KAACSB:
K AnalyticalKthinking

Classification:K K Concept

2) InKtheKearlyK1900s,KFrederickKWinslowKTaylorKpioneeredKtheKprinciplesKofKtheKscientificKapproachK
toKmanagement.
Answer:K TRUEKDiff:
K K Moderate

Topic:K K WHATKISKQUANTITATIVEKANALYSIS?
LO:K 1.1:KDescribeKtheKquantitativeKanalysisKapproachKandKunderstandKhowKtoKapplyKitKtoKaKrealKsituati
on.
AACSB:K AnalyticalKthinkingKCl
assification:K Concept

3) ManagersKdoKnotKneedKtoKbeKfamiliarKwithKtheKlimitations,Kassumptions,Kand/orKspecifi
cKapplicabilityKofKtheKquantitativeKanalysisKtechniqueKtoKuseKitKforKaccurateKdecisionKmaki
ng.KAnswer:K FALSE
Diff:K K Moderate
Topic:K K INTRODUCTION
LO:K 1.6:KRecognizeKpossibleKproblemsKinKusingKquantitativeKanalysis.KA
ACSB:K AnalyticalKthinking
Classification:K K Concept

4) DuringKWorldKWarKII,KmanyKnewKscientificKandKquantitativeKtechniquesKwereKdevelopedKtoKassist
KtheKmilitary,KandKtheseKdevelopmentsKwereKsoKsuccessfulKthatKmanyKcompaniesKstartedKusingKsimi

larKtechniquesKinKmanagerialKdecisionKmakingKandKplanningKafterKtheKwar.
Answer:K TRUEKDiff:
K K Moderate

Topic:K K WHATKISKQUANTITATIVEKANALYSIS?
LO:K 1.1:KDescribeKtheKquantitativeKanalysisKapproachKandKunderstandKhowKtoKapplyKitKtoKaKrealKsituati
on.
AACSB:K AnalyticalKthinkingKCl
3
CopyrightK©K2024KPearsonKEducation,KInc
.

, assification:K Concept




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CopyrightK©K2024KPearsonKEducation,KInc
.