Management Science Quiz Chapter 1

Page 1 of 26

Management Science Quiz Chapter 1

By | June 2012
Page 1 of 26
Introduction to Management Science, 10e (Taylor)
Chapter 1 Management Science

1) Management science involves the philosophy of approaching a problem in a subjective manner. Answer: FALSE
Diff: 1Page Ref: 2
Main Heading: The Management Science Approach to Problem Solving Key words: scientific approach

2) Management science techniques can be applied only to business and military organizations. Answer: FALSE
Diff: 1Page Ref: 2
Main Heading: The Management Science Approach to Problem Solving Key words: scientific approach, problem solving

3) Once management scientist makes his or her decision and recommendation to management, then typically, his or her involvement with the problem is finished. Answer: FALSE
Diff: 2Page Ref: 6
Main Heading: The Management Science Approach to Problem Solving Key words: management science, management scientist

4) A variable is a value that is usually a coefficient of a parameter in an equation. Answer: FALSE
Diff: 1Page Ref: 3
Main Heading: The Management Science Approach to Problem Solving Key words: variable

5) Parameters are known, constant values that are usually coefficients of variables in equations. Answer: TRUE
Diff: 1Page Ref: 4
Main Heading: The Management Science Approach to Problem Solving Key words: parameter

6) Data are pieces of information from the problem environment. Answer: TRUE
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Main Heading: The Management Science Approach to Problem Solving Key words: data

7) A model is a mathematical representation of a problem situation including variables, parameters, and equations. Answer: TRUE
Diff: 1Page Ref: 3
Main Heading: The Management Science Approach to Problem Solving Key words: model, management science techniques

8) A management science technique usually applies to a specific model type. Answer: TRUE
Diff: 1Page Ref: 3
Main Heading: The Management Science Approach to Problem Solving Key words: models, management...