CSEET · Business Laws and Management · Principles of Management and Modern Approaches
Which of the following is a feature of the quantitative (management science) approach?
The quantitative approach relies on mathematical and statistical models to solve management problems. It uses techniques such as operations research and data analysis to support objective, logical decision-making, rather than depending only on intuition or on study of informal groups.
- AIt rejects the use of data in decision-making
- BIt relies on mathematical and statistical models to solve management problemsCorrect
- CIt is concerned only with informal groups
- DIt assumes organisations are unaffected by the environment
Explanation
The quantitative approach applies mathematical, statistical and operations-research techniques to decision problems. It depends on data rather than rejecting it, and it is not limited to informal groups.
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