Acctg136-Management Science an 7.

The quantitative analysis approach

Introduction requires
Prelim Examination: Second Semester none of these
2024 the manager's prior experience with a
Kindly answer the activity within the similar problem.
designated class hours. Extension of a relatively uncomplicated problem.
deadline will be given in meritorious mathematical expressions for the
cases. relationships.
Time: Correct
40:20 2/2 Points
Points: 8.A physical model that does not have
88/100 the same physical appearance as the
1.Name ( Surname, Firstname, MI) object being modeled is
a mathematical model.
Correct a qualitative model.
2/2 Points an analog model.
2.The field of management science an iconic model.
approaches decision making Correct
rationally, with techniques based on 2/2 Points
the scientific method. 9.Inputs to a quantitative model
concentrates on the use of are a trivial part of the problem
quantitative methods to assist in solving process.
decision making. are uncontrollable for the decision
each of these choices are true. variables.
is another name for decision science are uncertain for a stochastic
and for operations research. model.
Correct must all be deterministic if the
2/2 Points problem is to have a solution.
3.Identification and definition of a Correct
problem 2/2 Points
cannot be done until alternatives are 10.When the value of the output
proposed. cannot be determined even if the
requires consideration of multiple value of the controllable input is
criteria. known, the model is
is the final step of problem solving. deterministic.
is the first step of decision digital.
making. stochastic.
Correct analog.
2/2 Points Correct
4.Decision alternatives 2/2 Points
are limited to quantitative solutions 11.The volume that results in total
are evaluated as a part of the problem revenue being equal to total cost is
definition stage the
should be identified before marginal cost.
decision criteria are established. break-even point.
are best generated by brain-storming. profit mix.
Correct marginal volume.
2/2 Points Correct
5.Decision criteria 2/2 Points
are the ways to evaluate the 12.Management science and
choices faced by the decision operations research both involve
maker. scientific research as opposed to
are the problems faced by the applications.
decision maker. qualitative managerial skills.
must be unique for a problem. quantitative approaches to
are the choices faced by the decision decision making.
maker. operational management skills.
Correct Correct
2/2 Points 2/2 Points
6.In a multicriteria decision problem 13.George Dantzig is important in the
successive decisions must be made history of management science
over time. because he developed
it is impossible to select a single World War II operations research
decision alternative. teams.
each of these choices are true. the scientific management revolution.
the decision maker must evaluate the simplex method for linear
each alternative with respect to programming.
each criterion. powerful digital computers.
Correct Correct
2/2 Points 2/2 Points
14.The first step in problem solving is hungry cats and four hungry dogs at
definition of decision variables. home. Dog food costs $1 per can and
implementation. cat food costs $0.50 per can. Dogs eat
determination of the correct analytical two full cans of food each day but cats
solution procedure. eat only one can. Lisa would like to
the identification of a difference buy enough food to last through her
between the actual and desired three-day weekend. What is an
state of affairs. appropriate objective function for this
Correct scenario?
2/2 Points Min Z = D + C ≤ 40
15.Problem definition Min Z = 2D + 1C
includes specific objectives and Min Z = 1D + 0.5C
operating constraints. Min Z = D + C ≥ 3
each of these choices are true. Incorrect
must involve the analyst and the user 0/2 Points
of the results. 21.Larry's Fish Market buys salmon (S)
must occur prior to the quantitative for $5 per pound and a local whitefish
analysis process. (W) for $3.50 per pound. Larry wants
Correct to minimize his cost, but he cannot
2/2 Points spend more than $160. The objective
16.A model that uses a system of function that minimizes these costs for
symbols to represent a problem is Larry is:
called 5S + 3.5W ≤ 160
iconic Min 5S + 3.5W ≥ 160
mathematical Min 5S + 3.5 W
constrained Max 5S + 3.5 W
analog Incorrect
Correct 0/2 Points
2/2 Points 22.An objective function
17.Which of the following is not one of describes something to be
the commonly used names for the maximized.
body of knowledge involving describes how much of a resource can
quantitative approaches to decision- be used.
making? can represent costs or profits
management science shows where the break-even point is.
operations research Correct
efficiency studies 2/2 Points
business analytics 23.A baker uses organic flour from a
Correct local farmer in all of his baked goods.
2/2 Points For each batch of bread (x1), he uses
18.Which of these decision support 4 pounds of flour. For a batch of
systems is the most comprehensive cookies (x2), he uses 3 pounds, and
with respect to an entire organization? for a batch of muffins (x3) he uses 2
QM for Windows pounds. The local farmer can supply
an Excel spreadsheet him with no more than 24 pounds per
OLAP week. The constraint that represents
an ERP this condition is:
Correct x1 + x2 + x3 ≥ 24
2/2 Points 4x1 + 3x2 + 2x3 ≤ 24
19.It's time to buy pet food again and x1 ≤ 8, x2 ≤ 8, x3 ≤ 8
Lisa heads to the grocery store with x1 + x2 + x3 ≤ 24
$40 in her purse, leaving her seven Incorrect
hungry cats and four hungry dogs at 0/2 Points
home. Dog food costs $1 per can and 24.Which one of the following
cat food costs $0.50 per can. Dogs eat management science methods is not
two full cans of food each day but cats a probabilistic technique?
eat only one can. Lisa would like to statistical analysis
buy enough food to last through her assignment models
three-day weekend. What is one queuing analysis
appropriate constraint for this decision analysis
scenario? Correct
7C + 4D ≥ 3 2/2 Points
.5C + 1D ≤ 40 25.Which one of the following
7C + 4D ≥ 1.5 techniques is not a mathematical
1C + 2D ≤ 40 programming technique?
Correct linear programming models
2/2 Points integer linear programming technique
20.It's time to buy pet food again and transportation models
Lisa heads to the grocery store with analytical hierarchy process
$40 in her purse, leaving her seven Correct
2/2 Points student for the administrators to
26.Decision analysis is a ________ provide the course materials. If we
technique. know that 20 people will attend, what
non-linear programming technique price should be charged per person to
network break even?
linear mathematical programming $120
probabilistic $175
Correct $150
2/2 Points $200
27.Linear mathematical programming Correct
techniques assume that all 2/2 Points
parameters in the models are 34.Administrators at a university will
known with certainty. charge students $150 to attend a
unpredictable. seminar. It costs $3000 to reserve a
predictable. room, hire an instructor, and bring in
unknown. the equipment. Assume it costs $25
Correct per student for the administrators to
2/2 Points provide the course materials. How
28.Classification of management many students would have to register
science techniques does not for the seminar for the university to
recognize break even?
linear mathematical programming. 24
network techniques. 18
probabilistic techniques. 30
computer programming. 20
Correct Incorrect
2/2 Points 0/2 Points
29.A technique that assumes certainty 35.A bed-and-breakfast breaks even
in its solution is referred to as every month if they book 30 rooms
parametric. over the course of a month. Their
stochastic. fixed cost is $6000 per month and the
deterministic. revenue they receive from each
probabilistic. booked room is $180. What is their
Correct variable cost per occupied room?
2/2 Points $160
30.A difficult aspect of using $130
spreadsheets to solve management $148
science problems is $140
data entry. Correct
obtaining the solution to standard 2/2 Points
management science problems. 36.EKA manufacturing company
performing sensitivity analysis. produces part #2206 for the
setting up a spreadsheet with aerospace industry. The unit
complex models and formulas. production cost of part #2206 is $3.
Correct The fixed monthly cost of operating
2/2 Points the production facility is $3000. Next
31.Decision support systems and month's demand for part #2206 is
sensitivity analysis are useful 200 units. How much should the
management science tools for company charge for each unit of part
answering the question: #2206 to break even?
who else? $12
by when? $15
what if? $20
how much? $18
Correct Correct
2/2 Points 2/2 Points
32.It costs $50,000 to start a 37.The term ________ refers to testing
production process. Variable cost is how a problem solution reacts to
$25 per unit and revenue is $45 per changes in one or more of the model
unit. What is the break-even point? parameters.
1000 units graphical solution
2500 units decision analysis
2000 units break-even analysis
1111 units sensitivity analysis
Correct Correct
2/2 Points 2/2 Points
33.A university is planning a seminar. 38.If the price increases, but fixed and
It costs $3000 to reserve a room, hire variable costs do not change, the
an instructor, and bring in the break-even point
equipment. Assume it costs $25 per increases.
decreases. observation
remains the same. Correct
may increase or decrease, depending 2/2 Points
on sales. 46.The field of management science
Incorrect concentrates on the use of
0/2 Points quantitative methods to assist
39.The purpose of break-even analysis managers in decision making.
is to determine the number of units of approaches decision making
a product to sell that will irrationally with techniques based on
result in a loss. the scientific method.
result in zero profit. is another name for management or
result in a profit. human resources management.
appeal to the consumer is completely separate and distinct
Correct from all other disciplines.
2/2 Points Correct
40.The components of break-even 2/2 Points
analysis are 47.Which of the following is incorrect
volume and profit. with respect to the use of models in
cost and profit. decision making?
volume, cost and profit. They are generally easy to use.
volume and cost. They provide a systematic approach
Correct to problem solving.
2/2 Points They improve understanding of the
41.The earliest developments and use problem.
of management science techniques They promote subjectivity in
was in the field of decision making.
politics. Correct
military operations. 2/2 Points
railroads. 48.Which of the following is an
manufacturing. equation or an inequality that
Correct expresses a resource restriction in a
2/2 Points mathematical model?
42.The quantitative analysis approach an objective function
requires a constraint
the manager to have prior experience a parameter
with similar problems. a decision variable
mathematical expressions for the Correct
relationship. 2/2 Points
access to a computer. 49.A model is a functional relationship
uncomplicated problems. that includes:
Correct variables
2/2 Points parameters
43.Which steps of the management equations.
science process can either be a all of these
recommended decision or information Incorrect
that helps a manager make a 0/2 Points
decision? 50.The steps of the management
model solution science process are:
problem formulation observation, problem definition,
model implementation model construction, model
problem definition solution, implementation.
Correct model construction, problem
2/2 Points definition, observation, model
44.________ involves determining the solution, implementation.
functional relationship between observation, implementation, problem
variables, parameters, and equations. definition, model construction, model
Problem definition solution.
Model construction problem definition, model
Problem observation construction, observation, model
Model solution solution, implementation.
Correct Correct
2/2 Points 2/2 Points
45.The limits of the problem and the 51.Management scientists use the
degree to which it pervades other terms "data" and "information"
units in the organization must be interchangeably--that is, the two
included during the ________ step of terms mean the same thing
the management science process. False
solution True
definition
implementation
 σ2=(b-a)/
t=(a+4m+b)/6
6)^2
ACTIVIT EXPECTED
average VARIANCE
Y TIME
A 4.33 6
B 3.67 3.67
C 7.67 7.33
D 10.33 11.17
E 4 19.83
F 9.67 9.33
G 6 36
H 5.67 5.83
I 8 7.5
J 13 13
K 2.67 2.83