National University MNS407 Quiz 1

MNS 407 Last NAME:______________________ First Name:_________

QUIZ-1 True= T or Faults = F

______1. Management science is dedicated to finding the best feasible solution.

_______2. The role of management science is not important in today business world due to high seed internet performance.

______3. Managers make decisions based solely on solutions derived from management science models.

______4. NAFTA= North American Free trade .

______5. The Primary mission of business is fulfillment of stockholders' requirements

______6. The primary purpose of modeling is to understand a complex problem.

______7. Management science models are usually in form of financial relationships such as wages, bonuses, and interest income.

______8. If we have all the information required to make a decision, we have decision-making under certainty.

______9. Linear Programming is a typical technique for deterministic of decision-making under certainty.

______10. Decision –Making under conflict; is a condition of conflict exists when the interests of two or more decision-makers compete