TEST BANK for An Introduction to Management Science: Quantitative Approach 15th Edition by David Anderson, Dennis
Sweeney, Thomas Williams and Jeffrey Camm.
L
TEST BANK for An Introduction to Management Science:
Quantitative Approach 15th Edition by David Anderson,
Dennis Sweeney, Thomas Williams and Jeffrey Camm.
Test Bank Page 1
,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\S
weeney,\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
Sweeney, Thomas Williams and Jeffrey Camm.
L
TEST BANK for An Introduction to Management Science:
Quantitative Approach 15th Edition by David Anderson,
Dennis Sweeney, Thomas Williams and Jeffrey Camm.
Test Bank Page 1
,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\S
weeney,\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
