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Introduction to Management Science

In: Business and Management

Submitted By DJhonna1
Words 5280
Pages 22
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: 1 Page 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: 1 Page 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: 2 Page 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: 1 Page 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: 1 Page 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
Diff: 1 Page Ref: 4
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: 1 Page 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: 1 Page Ref: 3...

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