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 jj 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 problemsolving.
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a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
LEARNINGOBJECTIVES: IMS.ASWC.19.01.01 - 1.1 jj jj


NATIONALSTANDARDS: United States -BUSPROG: Reflective Thinking ff jj j jj jj


TOPICS: 1.1 ProblemSolving and Decision Making j j jj jj j


KEYWORDS: Bloom's: Understand jj




2. The breakeven point is the point at which the volume of output produced is the result of total revenue
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equaling total cost.
jj jj jj


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 Thinking ff jj j jj jj


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


KEYWORDS: Bloom's: Understand jj




3. Problemsolvingencompasses both the identification of a problemand 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 jj jj


NATIONALSTANDARDS: United States -BUSPROG: Reflective Thinking ff jj j jj jj




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,TOPICS: 1.1 ProblemSolving 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 jj jj


NATIONALSTANDARDS: United States -BUSPROG: Reflective Thinking ff jj j jj jj



TOPICS: 1.1 ProblemSolving and Decision Making j j jj jj j


KEYWORDS: Bloom's: Understand jj




5. Most successful quantitative analysis models will advise separatingthe management analyst fromthe
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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 jj jj


NATIONALSTANDARDS: United States -BUSPROG: Reflective Thinking ff jj j jj jj


TOPICS: 1.3 Quantitative Analysis jj jj


KEYWORDS: Bloom's: Understand jj




6. The value of making a decision based on models is dependent on how closely the model represents the
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real situation.
jj jj


a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
LEARNINGOBJECTIVES: IMS.ASWC.19.01.03 - 1.3 jj jj


NATIONALSTANDARDS: United States -BUSPROG: Reflective Thinking ff jj j jj jj



TOPICS: 1.3 Quantitative Analysis jj jj


KEYWORDS: Bloom's: Understand jj




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

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