Management Science

1) In the opening case KONE has minimized downtime and shortened the repair time.

• True

• False

2) Intelligent technologies are limited to small-scale projects when they include AI combined with IoT.

• True

• False

3) Decision making is one of the most important activities in organizations of all kinds–

probably the most important one.

• True

• False

4) Managers historically considered decision making purely a science.

• True

• False

5) With more data and analysis technologies, more alternatives can be evaluated, forecasts can be improved, risk analysis can be performed quickly, and the views

of experts can be collected quickly and at a reduced cost.

• True

• False

6) It is generally best to rely on a trial-and-error approach to management.

• True

• False

7) A major characteristic of computerized decision support and many BI tools

(notably those of business analytics) is the inclusion of at least one model.

• True

• False

8) The definition of implementation is straightforward because implementation is

a simple, direct process with defined boundaries.

• True

• False

9) Structured problems are encountered in only unique situations.

• True

• False

10) Unstructured problems can be fully supported by standard computerized quantitative methods.

• True

• False