TEST BANK FOR PRACTICAL MANAGEMENT SCIENCE, 6TH EDITION BY L. WINSTON
TEST BANK FOR PRACTICAL MANAGEMENT SCIENCE, 6TH EDITION BY L. WINSTON.
Chapter 1:
... [Show More] Introduction to Modelling
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.
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 4 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
TEST BANK FOR PRACTICAL MANAGEMENT SCIENCE, 6TH EDITION BY L. WINSTON.
Page 5 of 216
decisions, present the results to the organization, and finally implement the model and update it through
time.
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
7. Modeling is a process where the essence of a theoretical problem is extracted into a model, spreadsheet
or otherwise.
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: 1.4 A Seven Step Modeling Process - Step 1 Problem Definition
OTHER: BUSPROG-Communication DISC- Mathematical Modeling
DATE CREATED: 5/17/2017 3:39 PM
DATE MODIFIED: 10/21/2017 8:35 PM
8. In some applications, an analyst might present several alternative solutions from a model, and let the
organization choose the best one.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Moderate
Moderate |Bloom's Knowledge
Moderate |Bloom's Comprehension
QUESTION TYPE: True / False
TEST BANK FOR PRACTICAL MANAGEMENT SCIENCE, 6TH EDITION BY L. WINSTON.
Page 6 of 216
HAS VARIABLES: False
TOPICS: 1.4 A Seven Step Modeling Process - Step 3 Model Development
OTHER: BUSPROG-Communication DISC- Mathematical Modeling
DATE CREATED: 5/17/2017 3:39 PM
DATE MODIFIED: 10/21/2017 8:35 PM
9. A management science model is typically initiated when an organization believes it has a problem.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Moderate
Moderate |Bloom's Knowledge
Moderate |Bloom's Comprehension
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
10. Data are often not in the required form, in which case it is the analysts' job to gather the right data and
put it into an appropriate format.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Moderate
Moderate |Bloom's Knowledge
Moderate |Bloom's Comprehension
QUESTION TYPE: True / False
HAS VARIABLES: False
TOPICS: 1.4 A Seven Step Modeling Process - Step 3 Model Development
OTHER: BUSPROG-Analytic DISC- Mathematical Modeling
DATE CREATED: 5/17/2017 3:39 PM
DATE MODIFIED: 10/21/2017 8:35 PM
11. A good model should achieve the right balance between being too simple and too complex.
a. True
b. False
ANSWER: True
TEST BANK FOR PRACTICAL MANAGEMENT SCIENCE, 6TH EDITION BY L. WINSTON.
Page 7 of 216
POINTS: 1
DIFFICULTY: Moderate
Moderate |Bloom's Knowledge
Moderate |Bloom's Comprehension
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
12. Verification is typically the most difficult phase of the modeling process, from a mathematical
perspective.
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: 1.4 A Seven Step Modeling Process - Step 5 Optimization and Decision Making
OTHER: BUSPROG-Communication DISC- Mathematical Modeling
DATE CREATED: 5/17/2017 3:39 PM
DATE MODIFIED: 10/21/2017 8:35 PM
13. As models become larger and more complex, heuristic solutions are often adequate, even though they
are not necessarily optimal solutions.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Moderate
Moderate |Bloom's Knowledge
Moderate |Bloom's Comprehension
QUESTION TYPE: True / False
HAS VARIABLES: False
TOPICS: 1.4 A Seven Step Modeling Process - Step 7 Model Implementation
OTHER: BUSPROG-Communication DISC- Mathematical Modeling
DATE CREATED: 5/17/2017 3:39 PM
TEST BANK FOR PRACTICAL MANAGEMENT SCIENCE, 6TH EDITION BY L. WINSTON.
Page 8 of 216
DATE MODIFIED: 10/21/2017 8:35 PM
14. The best strategy for implementation of a model is to involve key people in the organization in the
project when the model is ready for testing and verification.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Moderate
Moderate |Bloom's Knowledge
Moderate |Bloom's Comprehension
QUESTION TYPE: True / False
HAS VARIABLES: False
TOPICS: 1.4 A Seven Step Modeling Process - Step 7 Model Implementation
OTHER: BUSPROG-Communication DISC- Mathematical Modeling
DATE CREATED: 5/17/2017 3:39 PM
DATE MODIFIED: 10/21/2017 8:35 PM
15. A completed model typically marks the end of the modeling process.
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: 1.6 Why Study Management Science?
OTHER: BUSPROG-Communication DISC- Mathematical Modeling
DATE CREATED: 5/17/2017 3:39 PM
DATE MODIFIED: 10/21/2017 8:35 PM
Multiple Choice
16. Which of the following is a type of model that is key to virtually every management science
application?
a. Heuristic model
b. Queuing model
c. Mathematical model
d. Regression model [Show Less]