1. Which one of the following approaches to management has also been labeled as operations research or management science?
· The qualitative approach
The quantitative approach
· The experimental approach
· The theoretical approach
The quantitative approach, also called operations research or management science, is the use of Quantitative techniques to improve decision making, and it evolved out of the development of Mathematical and statistical solutions to military problems during World War II. After the war, many Quantitative techniques that had been used for military problems were applied to the business sector
2. Communication should be:
· From Top to Bottom level
· From Bottom to top
· 2 ways
· None of the given option
communication can be top-down (e.g. directions and instructions given from superior to sub-ordinate) or it can be bottom-up (e.g. feedback from sub-ordinate to superior).
3. There are many healthcare products manufacturers. XYZ Company manufactures only personal hygiene products. It markets such products deodorant, body powder, body creams, and exfoliates. Because it only stocks body care and personal hygiene products, it is using _____ strategy.
· Cost leadership
A focus strategy entails specializing by establishing a position of overall cost leadership, differentiation, or both, but only within a particular portion, or segment, or an entire market.
What was the focus of Charles Babbage’s (an English mathematician) attention?
· Efficiencies of production
· Division of labor
· Unity of direction
Charles Babbage (1792-1871) is considered to be the “father of modern
computing.” He foresaw the need for work... [continues]
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