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Operations Management quiz 2

Posted on Posted in MSC 337 Operations Management
Course Operations Management-16SP
Test Quiz 1
Started 1/21/16 8:04 PM
Submitted 1/21/16 8:34 PM
Status Completed
Time Elapsed 30 minutes.
Instructions
  • Question 1

5 out of 5 points

Who is credited with pioneering the principles of the scientific approach to management?

Answer
Selected Answer:  

Frederick W. Taylor
Correct Answer:  

Frederick W. Taylor
  • Question 2

5 out of 5 points

Which of the following terms is interchangeable with quantitative analysis?

Answer
Selected Answer:  

management science
Correct Answer:  

management science
  • Question 3

5 out of 5 points

Postoptimality analysis is most closely associated with

Answer
Selected Answer:  

sensitivity analysis.
Correct Answer:  

sensitivity analysis.
  • Question 4

5 out of 5 points

The widespread applicability of operations research methods to business followed which war?

Answer
Selected Answer:  

World War II
Correct Answer:  

World War II
  • Question 5

5 out of 5 points

A controllable variable is also called a

Answer
Selected Answer:  

decision variable.
Correct Answer:  

decision variable.
  • Question 6

5 out of 5 points

A(n) ________ model is one that is accurate and correctly represents the problem or system under investigation.

Answer
Selected Answer:  

valid
Correct Answer:  

valid
  • Question 7

5 out of 5 points

If input data are accurate to three significant digits, then the solution results can be accurate to how many significant digits?

Answer
Selected Answer:  

three
Correct Answer:  

three
  • Question 8

5 out of 5 points

Which of the following is a picture, drawing, or chart of reality?

Answer
Selected Answer:  

schematic model
Correct Answer:  

schematic model
  • Question 9

5 out of 5 points

Evaluating all possible values of a variable in a model is called

Answer
Selected Answer:  

complete enumeration.
Correct Answer:  

complete enumeration.
  • Question 10

5 out of 5 points

The break-even point is an example of a

Answer
Selected Answer:  

quantitative analysis model.
Correct Answer:  

quantitative analysis model.
  • Question 11

0 out of 5 points

A measurable quantity that is inherent in the problem is called a(n)

Answer
Selected Answer:  

decision variable.
Correct Answer:  

parameter.
  • Question 12

5 out of 5 points

Which Excel feature allows the user to specify a target or goal and the variable that is desired to change in order to achieve that goal?

Answer
Selected Answer:  

Goal Seek
Correct Answer:  

Goal Seek
  • Question 13

5 out of 5 points

Which of the following is not one of the steps in the quantitative analysis approach?

Answer
Selected Answer:  

Observing a hypothesis
Correct Answer:  

Observing a hypothesis
  • Question 14

0 out of 5 points

What is the formula for the break-even point of a simple profit model?

Answer
Selected Answer:  

Fixed Cost / Variable Cost Per Unit
Correct Answer:  

Fixed Cost / (Selling Price Per Unit – Variable Cost Per Unit)
  • Question 15

0 out of 5 points

Which of the following techniques involves the study and consolidation of historical data for a business and an industry?

Answer
Selected Answer:  

predictive analytics
Correct Answer:  

descriptive analytics
  • Question 16

0 out of 5 points

A measurable quantity that may vary, or is subject to change, and can be controlled is known as a(n)

Answer
Selected Answer:    [None Given]
Correct Answer:  

decision variable.
  • Question 17

0 out of 5 points

A(n) ________ is a representation of reality or a real-life situation.

Answer
Selected Answer:    [None Given]
Correct Answer:  

model
  • Question 18

0 out of 5 points

Operations Research is known as

Answer
Selected Answer:    [None Given]
Correct Answer:  

the science of better.
  • Question 19

0 out of 5 points

Trying various approaches and picking the one that results in the best decision is called

Answer
Selected Answer:    [None Given]
Correct Answer:  

the trial-and-error method.
  • Question 20

0 out of 5 points

The break-even point of a simple profit model represents a(n)

Answer
Selected Answer:    [None Given]
Correct Answer:  

decision variable.

 

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