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1 Copyright © 2019 McGraw-Hill
Intro to Management Science: Modeling and Case Studies, 6e (Hillier)
Chapter 1 Introduction
1) Managers need to know the mathematical theory behind the techniques of management science so that they can lead management science teams.
Answer: FALSE
Difficulty: 2 Medium
Topic: The Nature of Management Science
Learning Objective: Describe the nature of management science
Bloom's: Understand
AACSB: Knowledge Application
2) Management scientists use mathematical techniques to make decisions, which are then implemented by managers.
Answer: FALSE
Difficulty: 2 Medium
Topic: The Nature of Management Science
Learning Objective: Describe the nature of management science
Bloom's: Understand
AACSB: Knowledge Application
3) Spreadsheets allow many managers to conduct their own analyses in management science studies.
Answer: TRUE
Difficulty: 2 Medium
Topic: The Nature of Management Science
Learning Objective: Describe the nature of management science
Bloom's: Understand
AACSB: Knowledge Application
4) Managers must rely on management science experts to create and understand managerial problems.
Answer: FALSE
Difficulty: 2 Medium
Topic: The Nature of Management Science
Learning Objective: Describe the nature of management science
Bloom's: Understand
AACSB: Knowledge Application
(Introduction to Management Science, 6e Frederick. Hillier, Mark Hillier) (Test Bank all Chapters) 1 / 4
2 Copyright © 2019 McGraw-Hill 5) Management science is a discipline that attempts to aid managerial decision making by applying a scientific approach to managerial problems that involve quantitative factors.
Answer: TRUE
Difficulty: 1 Easy
Topic: The Nature of Management Science
Learning Objective: Describe the nature of management science
Bloom's: Remember
AACSB: Knowledge Application
6) The discovery of the simplex method in 1947 was the beginning of management science as a discipline.
Answer: FALSE
Difficulty: 1 Easy
Topic: The Nature of Management Science
Learning Objective: Describe the nature of management science
Bloom's: Remember
AACSB: Knowledge Application
7) The rapid growth of computing capability and power has led to a corresponding rapid growth of the management science discipline.
Answer: TRUE
Difficulty: 1 Easy
Topic: The Nature of Management Science
Learning Objective: Describe the nature of management science
Bloom's: Remember
AACSB: Knowledge Application
8) Managers make decisions based solely on the quantitative factors involved in the problem.
Answer: FALSE
Difficulty: 1 Easy
Topic: The Nature of Management Science
Learning Objective: Describe the nature of management science
Bloom's: Remember
AACSB: Knowledge Application
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3 Copyright © 2019 McGraw-Hill 9) A management science team will try to conduct a systematic investigation of a problem that includes careful data gathering, developing and testing hypotheses, and then applying sound logic in the analysis.
Answer: TRUE
Difficulty: 3 Hard
Topic: The Nature of Management Science
Learning Objective: Describe the nature of management science
Bloom's: Apply
AACSB: Reflective Thinking
10) The mathematical model of a business problem is the system of equations and related mathematical expressions that describes the essence of the problem.
Answer: TRUE
Difficulty: 1 Easy
Topic: The Nature of Management Science
Learning Objective: Explain what a mathematical model is
Bloom's: Remember
AACSB: Knowledge Application
11) A mathematical model of a business problem allows a manager to evaluate both quantitative and qualitative aspects of the problem.
Answer: FALSE
Difficulty: 1 Easy
Topic: The Nature of Management Science
Learning Objective: Explain what a mathematical model is
Bloom's: Remember
AACSB: Knowledge Application
12) Once management makes its decisions, the management science team typically is finished with its involvement in the problem.
Answer: FALSE
Difficulty: 2 Medium
Topic: The Nature of Management Science
Learning Objective: Describe the nature of management science
Bloom's: Understand
AACSB: Knowledge Application
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4 Copyright © 2019 McGraw-Hill 13) A cost that varies with the production volume would be a fixed cost.
Answer: FALSE
Difficulty: 2 Medium
Topic: An Illustration of the Management Science Approach: Break-Even Analysis
Learning Objective: Use a mathematical model to perform a break-even analysis
Bloom's: Understand
AACSB: Knowledge Application
14) A cost that varies with the production volume would be a variable cost.
Answer: TRUE
Difficulty: 2 Medium
Topic: An Illustration of the Management Science Approach: Break-Even Analysis
Learning Objective: Use a mathematical model to perform a break-even analysis
Bloom's: Understand
AACSB: Knowledge Application
15) A cost that does not vary with the production volume would be a fixed cost.
Answer: TRUE
Difficulty: 2 Medium
Topic: An Illustration of the Management Science Approach: Break-Even Analysis
Learning Objective: Use a mathematical model to perform a break-even analysis
Bloom's: Understand
AACSB: Knowledge Application
16) A cost that does not vary with the production volume would be a variable cost.
Answer: FALSE
Difficulty: 2 Medium
Topic: An Illustration of the Management Science Approach: Break-Even Analysis
Learning Objective: Use a mathematical model to perform a break-even analysis
Bloom's: Understand
AACSB: Knowledge Application
17) At the break-even point, management is indifferent between producing a product and not producing it.
Answer: TRUE
Difficulty: 1 Easy
Topic: An Illustration of the Management Science Approach: Break-Even Analysis
Learning Objective: Use a mathematical model to perform a break-even analysis
Bloom's: Remember
AACSB: Knowledge Application
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