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answer the true and false and multiple choice questions I'I The quantitative management approaches use mathematical techniques to improve managerial decision-making and problem solving. Management
answer the true and false and multiple choice questions
I'I The quantitative management approaches use mathematical techniques to improve managerial decision-making and problem solving. Management science refers to the scientific application of mathematical techniques to management problems. 3 Mathematical forecasting helps make future projections that are useful for planning. Inventory modeling helps to establish how much to order and when to order. Linear programming is used to help allocate service personnel or workstations to minimize customer waiting time and service cost. Network models break large tasks into smaller components to allow for better analysis, planning, and control of complex projects. Simulation creates models of problems so different solutions under various assumptions can be tested. Operations management focuses on applying quantitative management approaches to the production of goods and services. Modern management approaches focus on systems thinking and contingency thinking, but do not disregard lessons from the classical and behavioural management approaches 10 Systems thinking views the organization as a collection of interrelated parts that work together to achieve a common purpose. 11 A smaller component ofa larger system is known as a subsystem. An open system interacts with its environment in the continual process oftransforming resource inputs into outputs. 13 High performance by the organization as a whole occurs only when each subsystem performs its tasks well and works well in cooperation with other subsystems. 14 Contingency thinking maintains that there is one best way to manage. 15 Contingency thinking involves matching responses to the unique problems and opportunities posed by different situations and by individual and environmental differences. 16 A structure that works for one organization will always work well in other organizations. A management approach that works well at one time will always work well in the future. Ongoing management themes in today's business environment include quality, performance excellence, and the importance of new leadership, but exclude global awareness, ethics, and social responsibility. 19 Managers in the 21St century must understand the interconnections among nations, cultures, and economies in the world community as W able to plan and act with due consideration of them. 20 Theory 2 incorporates Japanese management practices such as the provision of long-term employment, slower promotions and more lateral job movements, attention to career planning and development, and use of consensus decision making. 21 The scientific application of mathematical techniques to management problems is known W P 0 P P 3 Mathematical personality theory. Modern management theory. Scientific management. Management science. Problem solving through numbers crunching. 22 Which of the following descriptions of management science applications is NOT accurate? Mathematical forecasting helps make future projections that are useful for planning. Inventory modeling helps to establish how much to order and when to order. Network models break large tasks into smaller components to allow for better analysis, planning, and control of complex projects. Linear programming is used to help allocate service personnel or workstations to minimize customer waiting time and service cost. Simulation creates models of problems so different solutions under various assumptions can be tested. 23 Quantitative approaches to management include all ofthe following characteristics EXCEPT: A. B. A focus on decision making that has clear implications for management action. The use of economic decision criteria. The use of managerial rules of thumb that are based on personal experience and personal preferences. The use of mathematical models that follow sophisticated rules and formulas. A focus on costs, revenues, and return on investment. In using any quantitative approach to management, mathematical solutions to problems must be supported by A Comprehensive computer networks. Extensive databases. B. C. Good managerial judgment and an appreciation of the human factor. D. All of the above. E. None of the above. is a collection of interrelated parts that function together to achieve a common purpose. Contingency. System. Mathematical model. Quantitative structure. Need hierarchy. 26 A system is defined as open because It is permissive in observing the various principles of management. Its subsystems do not relate to one another. It uses Theory X management assumptions. |t interacts with its environment in the continual process of transforming resource inputs into outputs. |t treats its employees as responsible adults. 27 Matching managerial responses to the problems and opportunities created by individual and environmental differences is the focus of A. Quantitative management. B. Systems analysis. C. Contingency thinking. D. Hierarchical analysis. E. Human resources thinking. 28 According to contingency theories, . A. The best management approach is based on Theory Y assumptions. B There is no one best management approach. C. The best management approach employs formal mathematical models. D The best management approach takes human factors into consideration. E The best management approach focuses on the economic realities of decision making. Which of the following statements accurately describe contingency thinking? another time. A management approach that works well in an uncertain environment will not necessarily work well in a stable environment. All of the above statements accurately describe contingency thinking. . A structure that works for one organization may not work well for another. . A management approach that works at one time may not work well at None of the above statements accurately describe contingency thinking. B. Ethics and social responsibility. C. Global awareness. D. The importance of new leadership. 0 Ongoing management themes in today's business environment include all ofthe following EXCEPT: A. Quality and performance excellence. E. Division of labour for efficiency. Managers and workers understand the link between competitive advantage and quality. Managers and workers in the best organizational cultures know the one best way to achieve superior product and service quality. The best organizational cultures include quality as a core value. The best organizational cultures reinforce quality in all aspects of the work environment. 3 31 Which of the following statements does NOT accurately describe the orientation toward quality in progressive contemporary organizations? . Managers and workers are quality conscious. 32 Managers in the 21St century must be capable of doing all of the following EXCEPT: A. Understanding the interconnections among nations, cultures, and economies in the world community as well as planning and acting with due consideration of them. Being comfortable with information technology and understanding and using technological trends advantageously. Sacrificing profitability goals for corporate social responsibility commitments. Acting ethically, setting high ethical standards for others to follow, and building a work culture that values ethics and social responsibility. Attracting highly motivated workers and inspiring them by creating high-performance cultures where individuals and teams can do their best work A. Pursuing self-interest. B. Maintaining and upgrading job-relevant skills through a commitment to continuous learning. C. Cultivating and using the ability to make things happen. Establishin a commitment to work-life balance. 33 New managers who expect to survive in today's dynamic organizations must be committed to all ofthe following EXCEPT:Step by Step Solution
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