Quiz 1

* 1. Introduction to Management Science, 10e (Taylor)Chapter 1 Management Science1) Management science involves the philosophy of approaching a problem in a subjectivemanner.Answer: FALSEDiff: 1 Page Ref: 2Main Heading: The Management Science Approach to Problem SolvingKey words: scientific approach2) Management science techniques can be applied only to business and military organizations.Answer: FALSEDiff: 1 Page Ref: 2Main Heading: The Management Science Approach to Problem SolvingKey words: scientific approach, problem solving3) Once management scientist makes his or her decision and recommendation to management,then typically, his or her involvement with the problem is finished.Answer: FALSEDiff: 2 Page Ref: 6Main Heading: The Management Science Approach to Problem SolvingKey words: management science, management scientist4) A variable is a value that is usually a coefficient of a parameter in an equation.Answer: FALSEDiff: 1 Page Ref: 3Main Heading: The Management Science Approach to Problem SolvingKey words: variable5) Parameters are known, constant values that are usually coefficients of variables in equations.Answer: TRUEDiff: 1 Page Ref: 4Main Heading: The Management Science Approach to Problem SolvingKey words: parameter6) Data are pieces of information from the problem environment.Answer: TRUEDiff: 1 Page Ref: 4Main Heading: The Management Science Approach to Problem SolvingKey words: data1Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall

* 2. 7) A model is a mathematical representation of a problem situation including variables,parameters, and equations.Answer: TRUEDiff: 1 Page Ref: 3Main Heading: The Management Science Approach to Problem SolvingKey words: model, management science techniques8) A management science technique usually applies to a specific model type.Answer: TRUEDiff: 1 Page Ref: 3Main Heading: The Management Science Approach to Problem SolvingKey words: models, management science techniques9) The first step of the...