Quantitative Analysis for Management

numeric abridgment for Management, 11e (Render) Chapter 1 Introduction to Quantitative abstract 1) Interviews, statistical sampling, and company reports provide input data for ten-fold analysis models. Answer: TRUE Diff: 2 case: THE numeric epitome APPROACH 2) In the beforehand(predicate) 1900s, Henry Ford pioneered the principles of the scientific approach to management. Answer: ludicrous Diff: 2 issue: WHAT IS quantitative compend? 3) Managers do not need to be old(prenominal) with the limitations, assumptions, and/or specific applicability of the quantitative analysis proficiency to use it for accurate ratiocination making. Answer: misguided Diff: 2 Topic: INTRODUCTION 4) During World War II, many freshly scientific and quantitative techniques were developed to assist the military, and these developments were so palmy that many companies started apply similar techniques in managerial decision making and planning subsequently the war. Answer : TRUE Diff: 2 Topic: WHAT IS QUANTITATIVE ANALYSIS? 5) When a enigma is uncorrectable to quantify, it may be necessary to develop full(a) objectives. Answer: FALSE Diff: 2 Topic: THE QUANTITATIVE ANALYSIS APPROACH 6) The Quantitative Analysis Approach consists of six steps.

Answer: FALSE Diff: 2 Topic: THE QUANTITATIVE ANALYSIS APPROACH 7) A numerical model shows the relationship between quantitative and non-quantifiable information. Answer: FALSE Diff: 2 Topic: THE QUANTITATIVE ANALYSIS APPROACH 1 Copyright © 2012 Pearson Education, Inc. issue as Prentice Hall 8) finis variables may als o be called parameters. Answer: FALSE Diff! : 2 Topic: THE QUANTITATIVE ANALYSIS APPROACH 9) Model variables can buoy be controllable or uncontrollable. Answer: TRUE Diff: 2 Topic: THE QUANTITATIVE ANALYSIS APPROACH 10) A series of steps or procedures that ar repeated is known as an algorithm. Answer: TRUE Diff: 2 Topic: THE QUANTITATIVE ANALYSIS APPROACH 11) A model is a representation of a situation. Answer: TRUE...If you want to get a full essay, call for it on our website: OrderCustomPaper.com

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