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Test Bank for Introduction to Management Science A Modeling and Case Studies Approach with Spread 6th ed

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Intro to Management Science: Modeling and Case Studies, 6e (Hillier) Chapter 1 Introduction 1) Managers need to know the mathematical theory behind the techniques of management science so that the... y can lead management science teams. 2) Management scientists use mathematical techniques to make decisions, which are then implemented by managers. 3) Spreadsheets allow many managers to conduct their own analyses in management science studies. 4) Managers must rely on management science experts to create and understand managerial problems. 5) Management science is a discipline that attempts to aid managerial decision making by applying a scientific approach to managerial problems that involve quantitative factors. 6) The discovery of the simplex method in 1947 was the beginning of management science as a discipline. 7) The rapid growth of computing capability and power has led to a corresponding rapid growth of the management science discipline. 8) Managers make decisions based solely on the qua [Show More]

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