Question

4. Theory of Constraint is
(1 Point)
O the removal of constraints that restrict output
the addition of constraint that allows input
the removal of constraints that restrict input
None of the above​

Answer 1

Answer:

1. Decision Science approach is

a. Multi-disciplinary

b. Scientific

c. Intuitive

d. All of the above

2. For analyzing a problem, decision-makers should study

a. Its qualitative aspects

b. Its quantitative aspects

c. Both a & b

d. Neither a nor b

3. Decision variables are

a. Controllable

b. Uncontrollable

c. Parameters

d. None of the above

4. A model is

a. An essence of reality

b. An approximation

c. An idealization

d. All of the above

5. Managerial decisions are based on

a. An evaluation of quantitative data

b. The use of qualitative factors

c. Results generated by formal models

d. All of the above

6. The use of decision models

a. Is possible when the variables value is known

b. Reduces the scope of judgement & intuition known with certainty in decision-making

c. Require the use of computer software

d. None of the above

7. Every mathematical model

a. Must be deterministic

b. Requires computer aid for its solution

c. Represents data in numerical form

d. All of the above

8. A physical model is example of