Math 540

Introduction to Management Science, 11e (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
Section Heading: The Management Science Approach to Problem Solving
Keywords: scientific approach
AACSB: Analytic skills

2) Management science techniques can be applied only to business and military organizations.
Answer: FALSE
Diff: 1 Page Ref: 2
Section Heading: The Management Science Approach to Problem Solving
Keywords: scientific approach, problem solving
AACSB: Analytic skills

3) Management scientists use the terms "data" and "information" interchangeably--that is, the two terms mean the same thing
Answer: FALSE
Diff: 2 Page Ref: 4
Section Heading: The Management Science Approach to Problem Solving
Keywords: data
AACSB: Analytic skills

4) A management science solution can be either a recommended decision or information that helps a manager make a decision
Answer: TRUE
Diff: 2 Page Ref: 5
Section Heading: The Management Science Approach to Problem Solving
Keywords: model, management science techniques
AACSB: Analytic skills

5) A variable is a value that is usually a coefficient of a parameter in an equation.
Answer: FALSE
Diff: 1 Page Ref: 3
Section Heading: The Management Science Approach to Problem Solving
Keywords: variable
AACSB: Analytic skills

6) Parameters are known, constant values that are usually coefficients of variables in equations.
Answer: TRUE
Diff: 1 Page Ref: 3
Section Heading: The Management Science Approach to Problem Solving
Keywords: parameter
AACSB: Analytic skills

7) Data are pieces of information from the problem environment.
Answer: TRUE
Diff: 1 Page Ref: 4
Section Heading: The Management Science Approach to Problem Solving
Keywords: data
AACSB: Analytic skills

8) A model is a mathematical representation of a problem