Asked by Bilan Osman on Jun 27, 2024
Verified
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.
Verified Answer
Learning Objectives
- Perceive the contribution of management science and quantitative strategies in the realm of modern management.
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