Asked by Bilan Osman on Jun 27, 2024

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In using any quantitative approach to management, mathematical solutions to problems must be supported by:

A) extensive databases.
B) good managerial judgement and an appreciation of the human factor.
C) comprehensive computer networks.
D) all of the options listed.
E) none of the options listed.

Quantitative Approach

refers to a research or analysis method that focuses on quantifying patterns, behaviors, or phenomena using statistical, mathematical, or numerical data.

Managerial Judgement

The process by which managers make decisions based on a combination of factors including data analysis, experience, and intuitive understanding.

Mathematical Solutions

Answers or outcomes derived through the application of mathematical methods and reasoning.

  • Perceive the contribution of management science and quantitative strategies in the realm of modern management.
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JN
Jeanie NowakJul 02, 2024
Final Answer :
B
Explanation :
Good managerial judgment and an appreciation of the human factor are essential to support mathematical solutions in a quantitative approach to management. This ensures that the solutions are practical, applicable, and consider the complexities of human behavior and organizational dynamics.