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Test Bank for Introduction to Management Science, 13th Edition

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1Introduction to Management Science, 13e(Taylor)Chapter 1 Management Science1) A management science solution can be either a recommended decision or information thathelps a manager make a decision.Answer: TRUEDiff: 2Page Ref: 5Section Heading: The Management Science Approach to Problem SolvingKeywords: model, management science techniquesAACSB: Analytical thinking2) A variable is a value that is usually a coefficient of a parameter in an equation.Answer: FALSEDiff: 1Page Ref: 3Section Heading: The Management Science Approach to Problem SolvingKeywords: variableAACSB: Analytical thinking3) Parameters are known, constant values that are usually coefficients of variables in equations.Answer: TRUEDiff: 1Page Ref: 3Section Heading: The Management Science Approach to Problem SolvingKeywords: parameterAACSB: Analytical thinking4) Data are pieces of information from the problem environment.Answer: TRUEDiff: 1Page Ref: 4Section Heading: The Management Science Approach to Problem SolvingKeywords: dataAACSB: Analytical thinking5) A model is a mathematical representation of a problem situation including variables,parameters, and equations.Answer: TRUEDiff: 1Page Ref: 3Section Heading: The Management Science Approach to Problem SolvingKeywords: model, management science techniquesAACSB: Analytical thinking6) A management science technique usually applies to a specific model type.Answer: TRUEDiff: 1Page Ref: 3Section Heading: The Management Science Approach to Problem SolvingKeywords: models, management science techniquesAACSB: Analytical thinking

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