Management Science Quiz # 1

Management science is:

• The art of making decisions

• The science of managing people

• The application of the scientific method to management problems

• A set of accounting procedures

Which of the following is NOT a step in the scientific method?

• Observation

• Problem definition

• Intuition

• Model construction

Identification and definition of a problem

• cannot be done until alternatives are proposed.

• is the last step of decision making

• is the first step of decision making.

• requires consideration of multiple criteria.

A solution that satisfies all the constraints of a problem is called:

• Optimal solution

• Infeasible solution

• Feasible solution

• Basic solution

Which of the following is a quantitative technique?

• Intuitive decision making

• Brainstorming

• Linear programming

• Qualitative forecasting

When the value of the output cannot be determined even if the value of the controllable input is known, the model is

• Analog

• Digital

• Stochastic

• Deterministic

What is the primary goal of management science?

• Minimizing cost

• Maximizing profit

• Optimizing resource allocation

• Improving employee satisfaction

The quantitative analysis approach requires

• The manager's prior experience with a similar problem

• A relatively uncomplicated problem

• Mathematical expressions for the relationships

• All of the above

Which of the following is NOT a common application area of management science?

• Inventory management

• Project scheduling

• Marketing strategy

• Creative writing

Problem definition

• Includes specific objectives and operating constraints.

• Must occur prior to the quantitative analysis process.

• must involve the analyst and the user of the results.

• All of the above