mat540 quiz 1 review

July 1, 2013

Week 1 Review Questions

1. Management science involves the philosophy of approaching a problem in a subjective (Logical) 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. (Different types, including health care…)

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. (still need implementation.)

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.
( A variable is a symbol used to represent an item that can take on any value,)

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,