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Questions and Answers
Which term is NOT synonymous with Management Science?
Which term is NOT synonymous with Management Science?
- Business Analytics (correct)
- Decision Science
- Operations Research
- Quantitative Analysis
Who is considered the founder of Management Science?
Who is considered the founder of Management Science?
- Frederick W. Taylor (correct)
- Taylor, 2006
- Anderson et al.
- World War II
When did Management Science start to flourish in business and industry?
When did Management Science start to flourish in business and industry?
- During the 20th century
- During the 19th century
- During the Great Depression
- During World War II (correct)
What is one of the methodological developments that contributed to the flourishing of Management Science?
What is one of the methodological developments that contributed to the flourishing of Management Science?
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What is the main focus of Management Science?
What is the main focus of Management Science?
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Study Notes
Management Science Basics
- Operational Research is synonymous with Management Science
- Not synonymous with Management Science: Operations Management
- Founder of Management Science: Frederick W. Taylor
- Management Science started to flourish in business and industry: Post-WWII period
- Methodological development that contributed to flourishing: Development of linear programming
- Main focus of Management Science: Using analytical methods to make better decisions in organizations
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