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general business data bank




Question;MULTIPLE CHOICE;1. The field of management science;a.;concentrates on the use of quantitative methods to assist in decision;making.;b.;approaches decision making rationally, with techniques based on the;scientific method.;c.;is another name for decision science and for operations research.;d.;each of these choices are true.;2. Identification and definition of a problem;a.;cannot be done until alternatives are proposed.;b.;is the first step of decision making.;c.;is the final step of problem solving.;d.;requires consideration of multiple criteria.;3. Decision alternatives;a.;should be identified before decision criteria are established.;b.;are limited to quantitative solutions;c.;are evaluated as a part of the problem definition stage.;d.;are best generated by brain-storming.;4. Decision criteria;a.;are the choices faced by the decision maker.;b.;are the problems faced by the decision maker.;c.;are the ways to evaluate the choices faced by the decision maker.;d.;must be unique for a problem.;5. In a multicriteria decision problem;a.;it is impossible to select a single decision alternative.;b.;the decision maker must evaluate each alternative with respect to each;criterion.;c.;successive decisions must be made over time.;d.;each of these choices are true.;6. The quantitative analysis approach requires;a.;the manager's prior experience with a similar problem.;b.;a relatively uncomplicated problem.;c.;mathematical expressions for the relationships.;7. A physical model that does not have the same;physical appearance as the object being modeled is;a.;an analog model.;b.;an iconic model.;c.;a mathematical model.;d.;a qualitative model.;8. Inputs to a quantitative model;a.;are a trivial part of the problem solving process.;b.;are uncertain for a stochastic model.;c.;are uncontrollable for the decision variables.;d.;must all be deterministic if the problem is to have a solution.;9. When the value of the output cannot be;determined even if the value of the controllable input is known, the model is;a.;analog.;b.;digital.;c.;stochastic.;d.;deterministic.;10. The volume that results in total revenue;being equal to total cost is the;a.;break-even point.;b.;marginal volume.;c.;marginal cost.;d.;profit mix.;11. Management science and operations research;both involve;a.;qualitative managerial skills.;b.;quantitative approaches to decision making.;c.;operational management skills.;d.;scientific research as opposed to applications.;12. George Dantzig is important in the history of;management science because he developed;a.;the scientific management revolution.;b.;World War II operations research teams.;c.;the simplex method for linear programming.;d.;powerful digital computers.;13. The first step in problem solving is;a.;determination of the correct analytical solution procedure.;b.;definition of decision variables.;c.;the identification of a difference between the actual and desired;state of affairs.;d.;implementation.;14. Problem definition;a.;includes specific objectives and operating constraints.;b.;must occur prior to the quantitative analysis process.;c.;must involve the analyst and the user of the results.;d.;each of these choices are true.;15. A model that uses a system of symbols to;represent a problem is called;a.;mathematical.;b.;iconic.;c.;analog.;d.;constrained.;16. Which of the following is not one of;the commonly used names for the body of knowledge involving quantitative;approaches to decision-making?;a.;management science;b.;business analytics;c.;operations research;d.;efficiency studies


Paper#57956 | Written in 18-Jul-2015

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