31 May Question MULTIPLE CHOICE 1. The field of management science
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
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