Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Steps in management science process

15/10/2021 Client: muhammad11 Deadline: 2 Day

Introduction To Management Science

76) There is considerable overlap in the scientific method and management science techniques. Which of the following steps is shared between them?

A) observation

B) problem definition

C) model construction

D) implementation

77) Which of the following is incorrect with respect to the use of models in decision making?

A) They improve understanding of the problem.

B) They promote subjectivity in decision making.

C) They are generally easy to use.

D) They provide a systematic approach to problem solving.

78) The field of management science

A) approaches decision making irrationally with techniques based on the scientific method.

B) is another name for management or human resources management.

C) concentrates on the use of quantitative methods to assist managers in decision making.

D) is completely separate and distinct from all other disciplines.

79) The processes of problem observation

A) cannot be done until alternatives are proposed.

B) requires consideration of multiple criteria.

C) is the first step of decision making.

D) is the final step of problem solving.

80) The limits of the problem and the degree to which it pervades other units in the organization must be included during the ________ step of the management science process.

A) observation

B) definition

C) solution

D) implementation

81) ________ involves determining the functional relationship between variables, parameters, and equations.

A) Problem observation

B) Problem definition

C) Model construction

D) Model solution

82) Which steps of the management science process can either be a recommended decision or information that helps a manager make a decision?

A) model implementation

B) problem definition

C) model solution

D) problem formulation

83) The quantitative analysis approach requires

A) mathematical expressions for the relationship.

B) uncomplicated problems.

C) the manager to have prior experience with similar problems.

D) access to a computer.

84) The earliest developments and use of management science techniques was in the field of

A) military operations.

B) railroads.

C) politics.

D) manufacturing.

85) The result of an effective decision making process should be monitored in order to

A) reveal the break-even point.

B) reveal errors in the implementation.

C) keep fixed and variable costs distinct.

D) change the scientific method.

86) The management science process does not include

A) feedback.

B) implementation.

C) subjective preference.

D) information.

87) The indicator that results in total revenues being equal to total cost is called the

A) marginal cost.

B) marginal volume.

C) break-even point.

D) profit mix.

88) Variable cost

A) depends on the number of units produced.

B) plus marginal cost equals fixed cost.

C) is equal to total cost in deterministic models.

D) is the same as average cost.

89) The components of break-even analysis are

A) cost and profit.

B) volume and cost.

C) volume, cost and profit.

D) volume and profit.

90) ________ are generally independent of the volume of units produced and sold.

A) Fixed costs

B) Variable costs

C) Profits

D) Average cost

91) The purpose of break-even analysis is to determine the number of units of a product to sell that will

A) appeal to the consumer.

B) result in a profit.

C) result in a loss.

D) result in zero profit.

92) Variable cost does not include

A) raw materials and resources.

B) staff and management salaries.

C) material handling and freight.

D) direct labor and packaging.

93) Which variable is not a component of break-even analysis?

A) fixed costs

B) variable costs

C) number of employees

D) number of customers

94) At the break-even point,

A) total revenue equals total cost.

B) profit is maximized.

C) revenue is maximized.

D) costs are minimized.

95) If the price increases, but fixed and variable costs do not change, the break-even point

A) decreases.

B) increases.

C) remains the same.

D) may increase or decrease, depending on sales.

96) If the price decreases, but fixed and variable costs do not change, the break-even point

A) decreases

B) increases

C) remains the same

D) may increase or decrease, depending on sales

97) The term ________ refers to testing how a problem solution reacts to changes in one or more of the model parameters.

A) graphical solution

B) decision analysis

C) sensitivity analysis

D) break-even analysis

98) If fixed costs decrease, but variable cost and price remain the same, the break-even point

A) decreases.

B) increases.

C) remains the same.

D) may increase or decrease depending on sales.

99) If fixed costs increase, but variable cost and price remain the same, the break-even point

A) decreases.

B) increases.

C) remains the same.

D) may increase or decrease depending on sales.

100) EKA manufacturing company produces part #2206 for the aerospace industry. Each unit of part #2206 is sold for $15. The unit production cost of part #2206 is $3. The fixed monthly cost of operating the production facility is $3000. How many units of part #2206 have to be sold in a month to break even?

A) 166.67

B) 200

C) 250

D) 500

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Top Quality Assignments
Coursework Help Online
Ideas & Innovations
Buy Coursework Help
Top Class Engineers
Assignments Hut
Writer Writer Name Offer Chat
Top Quality Assignments

ONLINE

Top Quality Assignments

I reckon that I can perfectly carry this project for you! I am a research writer and have been writing academic papers, business reports, plans, literature review, reports and others for the past 1 decade.

$38 Chat With Writer
Coursework Help Online

ONLINE

Coursework Help Online

This project is my strength and I can fulfill your requirements properly within your given deadline. I always give plagiarism-free work to my clients at very competitive prices.

$41 Chat With Writer
Ideas & Innovations

ONLINE

Ideas & Innovations

I am an academic and research writer with having an MBA degree in business and finance. I have written many business reports on several topics and am well aware of all academic referencing styles.

$33 Chat With Writer
Buy Coursework Help

ONLINE

Buy Coursework Help

I will be delighted to work on your project. As an experienced writer, I can provide you top quality, well researched, concise and error-free work within your provided deadline at very reasonable prices.

$15 Chat With Writer
Top Class Engineers

ONLINE

Top Class Engineers

I am an elite class writer with more than 6 years of experience as an academic writer. I will provide you the 100 percent original and plagiarism-free content.

$23 Chat With Writer
Assignments Hut

ONLINE

Assignments Hut

I am a PhD writer with 10 years of experience. I will be delivering high-quality, plagiarism-free work to you in the minimum amount of time. Waiting for your message.

$22 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Where did jared plushnick go - Their eyes are watching god questions and answers - 350 words - Bristol 750mm industrial pedestal fan review - Chasing coral video questions answers - Seeing the world through strengths colored glasses means - Inventory management assessment - Polymer clay art classes - Upfront magazine islam in america answers - 41r johnston street peppermint grove - Cream of tartar woolies - Ppm to mg kg - Molar mass of nitrogen gas - 3rd Essay - Complete portfolio formula - Fiu writing center - Like a confirmed peacenik nyt crossword - 10 pages - Artificial Intelligence (AI) and Business - IT Course from MBA Program - quality work needed and must follow the instructions - Answer this - Hypertension soap note - What mineral helps keep blood vessels unblocked - Anth exam - Ballad operas and singspiels were similar because - Translate the following c code to mips assembly code - How much do patagonia employees make - Excel worksheet - Need PPT for Mc Donalds compnay following all the below 18 points NO Plaigarism and need minimum of 25 slides excluding references and title and PPT in APA format - Convert 900g to lbs - Social networking site for social responsibility project - Implement into Intel Quartus softwere - Endocrine system coloring worksheet - Corporate Finance ( Calculating with Excel): Forcast Income Statement, Partial Balance Sheet, Calculate Free Cash Flow, Calculate Returns - Philosophy - Legal Compliance(Go through the PDF ) - I tituba black witch of salem chapter summary - Learning Activity: Creating a Severance Package - Paul scadding life coach - Trans 1 chloro 1 butene - Discussion Post with 2 References - Literary movements in english literature ppt - Flow through a venturi meter experiment lab report - Edward de bono net worth - Descriptive statistics in special education - Ap stats chapter 15 homework answers - The legacy of ancient greece and rome answer key - International market research ppt - The lorelei poem by heinrich heine - Summary of leviticus 9 - 125 Word Essay - Nursing - How to convert mcg to mg nursing - Muirfield high school intranet - Essential advanced general mathematics pdf download - Aqua one wholesale australia - 360 euros in us dollars - Fedex harmonized code list - Communication - The qing ding pearl play summary - 0.0003 in scientific notation - Www itt tech edu - Studypool tutor login - Introduction Python - Police academy workout plan - Chemistry atomic structure worksheet answers - Business law contract questions and answers - Week 4 Discussion Prompt - Customer interviews - Tina jones musculoskeletal subjective - Brabham enterprises manufactures tires for the formula - Manage personal work priorities and professional development assessment answers - Explain tows matrix and portfolio matrix - Eng 121 week 2 assignment critical essay outline - Bed bug registry kalahari pa - Mean Making Forum 1-Brody - 1 paragraph response to each Colleague - Re-think - Revalorism - Which of the following elements of the marketing communication mix - Inductor charging and discharging - News Source JRN - Work - How has an understanding of consumer behavior helped coppertone - Sampling distribution of the mean worksheet with answers - Project report on gym management system pdf - Where are meteorite remains most commonly found - Aa bb cc abc - Product oriented layout example - Which of the following statements about cash versus accrual accounting is most correct? - Molality formula with example - Second order low pass filter gain - St martin guide to writing 8th edition pdf - Reap what was sown ac valhalla - Easynews global search 2.0 - Competitive Strategy 2 - Ethos pathos logos political cartoons - _____ proposes that perceptions of fairness directly impact worker motivation. - I hope they serve gogurt in hell - When was pompeii buried - Spectera exxonmobil vision plan - Cl2co lewis structure molecular geometry