TEST BANK FOR PRACTICAL MANAGEMENT SCIENCE, 6TH EDITION BY L. WINSTON True / False

True / False 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 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 3. In a descriptive model, the manager first wants to build a model that reflects the current situation. TEST BANK FOR PRACTICAL MANAGEMENT SCIENCE, 6TH EDITION BY L. WINSTON. Page 2 of 216 a. True b. False ANSWER: True POINTS: 1 DIFFICULTY: Moderate Moderate |Bloom's Knowledge Moderate |Bloom's Comprehension TEST BANK FOR PRACTICAL MANAGEMENT SCIENCE, 6TH EDITION BY L. WINSTON. Page 3 of 216 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 4. 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 5. 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 6. 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