Exam (elaborations)

TEST BANK for An Introduction to Management Science: Quantitative Approach 15th Edition by David Anderson, Dennis Sweeney, Thomas Williams and Jeffrey Camm.

0 purchase

Course
An Introduction to Management Scienc

Institution
An Introduction To Management Scienc

TEST BANK for An Introduction to Management Science: Quantitative Approach 15th Edition by David Anderson, Dennis Sweeney, Thomas Williams and Jeffrey Camm.TEST BANK for An Introduction to Management Science: Quantitative Approach 15th Edition by David Anderson, Dennis Sweeney, Thomas Williams and ...

[Show more]

Preview 4 out of 248 pages

View example

Uploaded on October 19, 2024
Number of pages 248
Written in 2024/2025
Type Exam (elaborations)
Contains Questions & answers

test bank for an introduction to management scienc
an introduction to management science quantitativ

Institution An Introduction to Management Scienc
Course An Introduction to Management Scienc

Wisdoms Member since 1 year 252 documents sold

198

$18.49

Add to cart

Add to wishlist

100% satisfaction guarantee
Immediately available after payment
Both online and in PDF
No strings attached

TEST BANK for An Introduction to Management Science: Quantitative Approach 15th Edition by David Anderson,
io io io io io io io io io io io io io io

DennisSweeney, Thomas Williams and Jeffrey Camm.
io io io
L
io io io io

TEST BANK for An Introduction to Management Science:
Quantitative Approach 15th Edition by David Anderson,
Dennis Sweeney, Thomas Williams and Jeffrey Camm.

Test Bank
io Page 1
io

,TEST BANK for An Introduction to Management Science: Quantitative Approach 15th Edition by David Anderson,
io io io io io io io io io io io io io io

DennisSweeney, Thomas Williams and Jeffrey Camm. io io io io io io io

CH 01 - Introduction
io io io

True / False io io

1. The process of decision making is more limited than that of problem solving.
io io io io io io io io io io io io

a. True

b. False

ANSWER: True

POINTS: 1

DIFFICULTY: Easy

LEARNING OBJECTIVES: IMS.ASWC.19.01.01 - 1.1
io i o io io

NATIONAL STANDARDS: United States - BUSPROG: Reflective Thinking
io io io io io io io

TOPICS: 1.1 Problem Solving and Decision Making
io io io io io

KEYWORDS: Bloom's: Understand io

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

totalcost.
io io

a. True

b. False

ANSWER: True

POINTS: 1

DIFFICULTY: Easy

LEARNING OBJECTIVES: IMS.ASWC.19.01.04 - 1.4
io i o io io

NATIONAL STANDARDS: United States - BUSPROG: Reflective Thinking
io io io io io io io

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

KEYWORDS: Bloom's: Understand io

Test Bank
io Page 2
io

,TEST BANK for An Introduction to Management Science: Quantitative Approach 15th Edition by David Anderson,
io io io io io io io io io io io io io io

DennisSweeney, Thomas Williams and Jeffrey Camm. io io io io io io io

3. Problem solving encompasses both the identification of a problem and the action to resolve it.
io io io io io io io io io io io io io io

a. True

b. False

ANSWER: True

POINTS: 1

DIFFICULTY: Easy

LEARNING OBJECTIVES: IMS.ASWC.19.01.01 - 1.1
io i o io io

NATIONAL STANDARDS: United States - BUSPROG: Reflective Thinking
io io io io io io io

TOPICS: 1.1 Problem Solving and Decision Making
io io io io io

KEYWORDS: Bloom's: Remember io

4. The decision-making process includes implementation and subsequent evaluation of the decision.
io io io io io io io io io io

a. True

b. False

ANSWER: False

POINTS: 1

DIFFICULTY: Easy

LEARNING OBJECTIVES: IMS.ASWC.19.01.01 - 1.1
io i o io io

NATIONAL STANDARDS: United States - BUSPROG: Reflective Thinking
io io io io io io io

TOPICS: 1.1 Problem Solving and Decision Making
io io io io io

KEYWORDS: Bloom's: Understand io

5. Most successful quantitative analysis models will advise separating the management analyst from the managerial
io io io io io io io io io io io io io

teamuntil after the problem has been fully structured.
io io io io io io io io io

a. True

b. False

Test Bank
io Page 3
io

, TEST BANK for An Introduction to Management Science: Quantitative Approach 15th Edition by David Anderson,
io io io io io io io io io io io io io io

DennisSweeney, Thomas Williams and Jeffrey Camm. io io io io io io io

ANSWER: False

POINTS: 1

DIFFICULTY: Moderate

LEARNING OBJECTIVES: IMS.ASWC.19.01.03 - 1.3
io i o io io

NATIONAL STANDARDS: United States - BUSPROG: Reflective Thinking
io io io io io io io

TOPICS: 1.3 Quantitative Analysis
io io

KEYWORDS: Bloom's: Understand io

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

a. True

b. False

ANSWER: True

POINTS: 1

DIFFICULTY: Easy

LEARNING OBJECTIVES: IMS.ASWC.19.01.03 - 1.3
io i o io io

NATIONAL STANDARDS: United States - BUSPROG: Reflective Thinking
io io io io io io io

TOPICS: 1.3 Quantitative Analysis
io io

KEYWORDS: Bloom's: Understand io

7. Uncontrollable inputs are the decision variables for a model.
io io io io io io io io

a. True

b. False

ANSWER: False

POINTS: 1

DIFFICULTY: Easy

LEARNING OBJECTIVES: IMS.ASWC.19.01.03 - 1.3
io i o io io

Test Bank
io Page 4
io

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Wisdoms. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $18.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

69052 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 15 years now

Start selling

Seller

Package deal ·

Exam (elaborations)

TEST BANK for An Introduction to Management Science: Quantitative Approach 15th Edition by David Anderson, Dennis Sweeney, Thomas Williams and Jeffrey Camm.

Document information

Subjects

Written for