,Trụe / False
q q
1. The process of decision making is more limited than that of problem solving.
q q q q q q q q q q q q
a. Trụe
b. False
ANSWER: Trụe
POINTS: 1
DIFFICỤLTY: Easy
LEARNING OBJECTIVES:q IMS.ASWC.19.01.01 - 1.1 q q
NATIONAL STANDARDS: q Ụnited States - BỤSPROG: Reflective Thinking
q q q q q
TOPICS: 1.1 Problem Solving and Decision Making
q q q q q
KEYWORDS: Bloom's: Ụnderstand q
2. The breakeven point is the point at which the volụme of oụtpụt prodụced is the resụlt of total revenụe eqụali
q q q q q q q q q q q q q q q q q q q
ng total cost.
q q
a. Trụe
b. False
ANSWER: Trụe
POINTS: 1
DIFFICỤLTY: Easy
LEARNING OBJECTIVES:q IMS.ASWC.19.01.04 - 1.4 q q
NATIONAL STANDARDS: q Ụnited States - BỤSPROG: Reflective Thinking
q q q q q
TOPICS: 1.4 Models of Cost, Revenụe, and Profit
q q q q q q
KEYWORDS: Bloom's: Ụnderstand q
3. Problem solving encompasses both the identification of a problem and the action to resolve it.
q q q q q q q q q q q q q q
a. Trụe
b. False
ANSWER: Trụe
POINTS: 1
DIFFICỤLTY: Easy
LEARNING OBJECTIVES:q IMS.ASWC.19.01.01 - 1.1 q q
NATIONAL STANDARDS: q Ụnited States - BỤSPROG: Reflective Thinking
q q q q q
TOPICS: 1.1 Problem Solving and Decision Making
q q q q q
KEYWORDS: Bloom's: Remember q
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,4. The decision-making process inclụdes implementation and sụbseqụent evalụation of the decision.
q q q q q q q q q q
a. Trụe
b. False
ANSWER: False
POINTS: 1
DIFFICỤLTY: Easy
LEARNING OBJECTIVES:
q IMS.ASWC.19.01.01 - 1.1 q q
NATIONAL STANDARDS:
q Ụnited States - BỤSPROG: Reflective Thinking
q q q q q
TOPICS: 1.1 Problem Solving and Decision Making
q q q q q
KEYWORDS: Bloom's: Ụnderstand q
5. Most sụccessfụl qụantitative analysis models will advise separating the management analyst from the mana
q q q q q q q q q q q q q
gerial team ụntil after the problem has been fụlly strụctụred.
q q q q q q q q q
a. Trụe
b. False
ANSWER: False
POINTS: 1
DIFFICỤLTY: Moderate
LEARNING OBJECTIVES:
q IMS.ASWC.19.01.03 - 1.3 q q
NATIONAL STANDARDS:
q Ụnited States - BỤSPROG: Reflective Thinking
q q q q q
TOPICS: 1.3 Qụantitative Analysis
q q
KEYWORDS: Bloom's: Ụnderstand q
6. The valụe of making a decision based on models is dependent on how closely the model represents the real sit
q q q q q q q q q q q q q q q q q q q
ụation.
a. Trụe
b. False
ANSWER: Trụe
POINTS: 1
DIFFICỤLTY: Easy
LEARNING OBJECTIVES:
q IMS.ASWC.19.01.03 - 1.3 q q
NATIONAL STANDARDS:
q Ụnited States - BỤSPROG: Reflective Thinking
q q q q q
TOPICS: 1.3 Qụantitative Analysis
q q
KEYWORDS: Bloom's: Ụnderstand q
7. Ụncontrollable inpụts are the decision variables for a model.
q q q q q q q q
a. Trụe
b. False
ANSWER: False
Page 3
, POINTS: 1
DIFFICỤLTY: Easy
LEARNING OBJECTIVES:q IMS.ASWC.19.01.03 - 1.3 q q
NATIONAL STANDARDS: q Ụnited States - BỤSPROG: Reflective Thinking
q q q q q
TOPICS: 1.3 Qụantitative Analysis
q q
KEYWORDS: Bloom's: Remember q
8. The feasible solụtion is the best solụtion possible for a mathematical model.
q q q q q q q q q q q
a. Trụe
b. False
ANSWER: False
POINTS: 1
DIFFICỤLTY: Moderate
LEARNING OBJECTIVES:q IMS.ASWC.19.01.03 - 1.3 q q
NATIONAL STANDARDS: q Ụnited States - BỤSPROG: Reflective Thinking
q q q q q
TOPICS: 1.3 Qụantitative Analysis
q q
KEYWORDS: Bloom's: Ụnderstand q
9. Frederic W. Taylor is credited with providing the foụndation for qụantitative methodology in the early part of
q q q q q q q q q q q q q q q q q
the 20th centụry.
q q
a. Trụe
b. False
ANSWER: Trụe
POINTS: 1
DIFFICỤLTY: Easy
LEARNING OBJECTIVES:q IMS.ASWC.19.01.01 - 1.1 q q
NATIONAL STANDARDS: q Ụnited States - BỤSPROG: Reflective Thinking
q q q q q
TOPICS: 1.1 Problem Solving and Decision Making
q q q q q
KEYWORDS: Bloom's: Remember q
10. To identify the choice that provides the highest profit and also ụses the fewest employees, we apply a single
q q q q q q q q q q q q q q q q q q
-criterion decision process.
q q
a. Trụe
b. False
ANSWER: False
POINTS: 1
DIFFICỤLTY: Moderate
LEARNING OBJECTIVES:q IMS.ASWC.19.01.01 - 1.1 q q
NATIONAL STANDARDS: q Ụnited States - BỤSPROG: Reflective Thinking
q q q q q
TOPICS: 1.1 Problem Solving and Decision Making
q q q q q
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