{"id":115645,"date":"2023-08-24T12:56:28","date_gmt":"2023-08-24T12:56:28","guid":{"rendered":"https:\/\/learnexams.com\/blog\/?p=115645"},"modified":"2023-08-24T12:56:29","modified_gmt":"2023-08-24T12:56:29","slug":"test-bank-for-practical-management-science-6th-edition-winston-all-chapters-1-14-full-complete-2023","status":"publish","type":"post","link":"https:\/\/www.learnexams.com\/blog\/2023\/08\/24\/test-bank-for-practical-management-science-6th-edition-winston-all-chapters-1-14-full-complete-2023\/","title":{"rendered":"Test Bank for Practical Management Science 6th Edition Winston \/ All Chapters 1 – 14 \/ Full Complete 2023"},"content":{"rendered":"\n

Chapter 1 – Introduction to Modeling
Page 1
Practical Management Science 6th Edition Winston
Test Bank
True \/ False<\/p>\n\n\n\n

    \n
  1. Models that suggest a desirable course of action are called descriptive models
    a. True
    b. False
    ANSWER: False
    POINTS: 1
    DIFFICULTY: Easy
    Easy |Bloom’s Knowledge
    Easy |Bloom’s Comprehension
    QUESTION TYPE: True \/ False
    HAS VARIABLES: False
    TOPICS: 1.1 Introduction
    OTHER: BUSPROG-Communication DISC- Mathematical Modeling
    DATE CREATED: 5\/17\/2017 3:39 PM
    DATE MODIFIED: 10\/21\/2017 8:35 PM<\/li>\n\n\n\n
  2. In modeling situations where it is not possible to write an equation for an output in terms of the inputs, there may still
    be a mathematical procedure for calculating outputs from inputs.
    a. True
    b. False
    ANSWER: True
    POINTS: 1
    DIFFICULTY: Easy
    Easy |Bloom’s Knowledge
    Easy |Bloom’s Comprehension
    QUESTION TYPE: True \/ False
    HAS VARIABLES: False
    TOPICS: 1.1 Introduction
    OTHER: BUSPROG-Communication DISC- Mathematical Modeling
    DATE CREATED: 5\/17\/2017 3:39 PM
    DATE MODIFIED: 10\/21\/2017 8:35 PM<\/li>\n\n\n\n
  3. In a descriptive model, the manager first wants to build a model that reflects the current situation.
    a. True
    b. False
    ANSWER: True
    POINTS: 1
    DIFFICULTY: Moderate
    Moderate |Bloom’s Knowledge
    Moderate |Bloom’s Comprehension
    QUESTION TYPE: True \/ False
    HAS VARIABLES: False<\/li>\n<\/ol>\n\n\n\n

    Chapter 1 – Introduction to Modeling
    Page 2
    TOPICS: 1.4 A Seven Step Modeling Process – Step 4 Model Verification
    OTHER: BUSPROG-Analytic DISC- Mathematical Modeling
    DATE CREATED: 5\/17\/2017 3:39 PM
    DATE MODIFIED: 10\/21\/2017 8:35 PM<\/p>\n\n\n\n

      \n
    1. One of the advantages of spreadsheet models is that they allow managers to ask what-if questions.
      a. True
      b. False
      ANSWER: True
      POINTS: 1
      DIFFICULTY: Easy
      Easy |Bloom’s Knowledge
      Easy |Bloom’s Comprehension
      QUESTION TYPE: True \/ False
      HAS VARIABLES: False
      TOPICS: 1.2 A Capital Budgeting Example – An Optimization Model
      OTHER: BUSPROG-Communication DISC- Mathematical Modeling
      DATE CREATED: 5\/17\/2017 3:39 PM
      DATE MODIFIED: 10\/21\/2017 8:35 PM<\/li>\n\n\n\n
    2. One of the arguments that management science practitioners have used to criticize the emphasis on specific models is
      that they do not provide the correct answer.
      a. True
      b. False
      ANSWER: False
      POINTS: 1
      DIFFICULTY: Easy
      Easy |Bloom’s Knowledge
      Easy |Bloom’s Comprehension
      QUESTION TYPE: True \/ False
      HAS VARIABLES: False
      TOPICS: 1.3 Modeling Versus Models
      OTHER: BUSPROG-Communication DISC- Mathematical Modeling
      DATE CREATED: 5\/17\/2017 3:39 PM
      DATE MODIFIED: 10\/21\/2017 8:35 PM<\/li>\n\n\n\n
    3. The overall modeling process typically done in practice always requires seven steps: define the problem, collect and
      summarize data, develop a model, verify the model, select one or more suitable decisions, present the results to the
      organization, and finally implement the model and update it through time.
      a. True
      b. False
      ANSWER: False
      POINTS: 1
      DIFFICULTY: Easy
      Easy |Bloom’s Knowledge
      Easy |Bloom’s Comprehension<\/li>\n<\/ol>\n\n\n\n

      Chapter 1 – Introduction to Modeling
      Page 3
      QUESTION TYPE: True \/ False
      HAS VARIABLES: False
      TOPICS: 1.1 Introduction
      OTHER: BUSPROG-Communication DISC- Mathematical Modeling
      DATE CREATED: 5\/17\/2017 3:39 PM
      DATE MODIFIED: 10\/21\/2017 8:35 PM<\/p>\n\n\n\n

        \n
      1. Modeling is a process where the essence of a theoretical problem is extracted into a model, spreadsheet or otherwise.
        a. True
        b. False
        ANSWER: False
        POINTS: 1
        DIFFICULTY: Easy
        Easy |Bloom’s Knowledge
        Easy |Bloom’s Comprehension
        QUESTION TYPE: True \/ False
        HAS VARIABLES: False
        TOPICS: 1.4 A Seven Step Modeling Process – Step 1 Problem Definition
        OTHER: BUSPROG-Communication DISC- Mathematical Modeling
        DATE CREATED: 5\/17\/2017 3:39 PM
        DATE MODIFIED: 10\/21\/2017 8:35 PM<\/li>\n\n\n\n
      2. In some applications, an analyst might present several alternative solutions from a model, and let the organization
        choose the best one.
        a. True
        b. False
        ANSWER: True
        POINTS: 1
        DIFFICULTY: Moderate
        Moderate |Bloom’s Knowledge
        Moderate |Bloom’s Comprehension
        QUESTION TYPE: True \/ False
        HAS VARIABLES: False
        TOPICS: 1.4 A Seven Step Modeling Process – Step 3 Model Development
        OTHER: BUSPROG-Communication DISC- Mathematical Modeling
        DATE CREATED: 5\/17\/2017 3:39 PM
        DATE MODIFIED: 10\/21\/2017 8:35 PM<\/li>\n\n\n\n
      3. A management science model is typically initiated when an organization believes it has a problem.
        a. True
        b. False
        ANSWER: True
        POINTS: 1
        DIFFICULTY: Moderate
        Moderate |Bloom’s Knowledge
        Moderate |Bloom’s Comprehension<\/li>\n<\/ol>\n\n\n\n

        Chapter 1 – Introduction to Modeling
        Page 4
        QUESTION TYPE: True \/ False
        HAS VARIABLES: False
        TOPICS: 1.4 A Seven Step Modeling Process – Step 4 Model Verification
        OTHER: BUSPROG-Analytic DISC- Mathematical Modeling
        DATE CREATED: 5\/17\/2017 3:39 PM
        DATE MODIFIED: 10\/21\/2017 8:35 PM<\/p>\n\n\n\n

          \n
        1. Data are often not in the required form, in which case it is the analysts’ job to gather the right data and put it into an
          appropriate format.
          a. True
          b. False
          ANSWER: True
          POINTS: 1
          DIFFICULTY: Moderate
          Moderate |Bloom’s Knowledge
          Moderate |Bloom’s Comprehension
          QUESTION TYPE: True \/ False
          HAS VARIABLES: False
          TOPICS: 1.4 A Seven Step Modeling Process – Step 3 Model Development
          OTHER: BUSPROG-Analytic DISC- Mathematical Modeling
          DATE CREATED: 5\/17\/2017 3:39 PM
          DATE MODIFIED: 10\/21\/2017 8:35 PM<\/li>\n\n\n\n
        2. A good model should achieve the right balance between being too simple and too complex.
          a. True
          b. False
          ANSWER: True
          POINTS: 1
          DIFFICULTY: Moderate
          Moderate |Bloom’s Knowledge
          Moderate |Bloom’s Comprehension
          QUESTION TYPE: True \/ False
          HAS VARIABLES: False
          TOPICS: 1.4 A Seven Step Modeling Process – Step 4 Model Verification
          OTHER: BUSPROG-Analytic DISC- Mathematical Modeling
          DATE CREATED: 5\/17\/2017 3:39 PM
          DATE MODIFIED: 10\/21\/2017 8:35 PM<\/li>\n\n\n\n
        3. Verification is typically the most difficult phase of the modeling process, from a mathematical perspective.
          a. True
          b. False
          ANSWER: False
          POINTS: 1
          DIFFICULTY: Easy
          Easy |Bloom’s Knowledge
          Easy |Bloom’s Comprehension<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"

          Chapter 1 – Introduction to ModelingPage 1Practical Management Science 6th Edition WinstonTest BankTrue \/ False Chapter 1 – Introduction to ModelingPage 2TOPICS: 1.4 A Seven Step Modeling Process – Step 4 Model VerificationOTHER: BUSPROG-Analytic DISC- Mathematical ModelingDATE CREATED: 5\/17\/2017 3:39 PMDATE MODIFIED: 10\/21\/2017 8:35 PM Chapter 1 – Introduction to ModelingPage 3QUESTION TYPE: True \/ […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[25],"tags":[],"class_list":["post-115645","post","type-post","status-publish","format-standard","hentry","category-exams-certification"],"_links":{"self":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/115645","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/comments?post=115645"}],"version-history":[{"count":0,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/115645\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/media?parent=115645"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/categories?post=115645"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/tags?post=115645"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}