Management Science Exam: Introduction and Decision Making
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Questions and Answers

What is another name for Management Science?

  • Strategic Management
  • Business Administration
  • Human Resource Management
  • Operations Research (correct)
  • Who is considered the founder of Management Science?

  • Frederick W. Taylor (correct)
  • Douglas McGregor
  • Elton Mayo
  • Peter Drucker
  • During which period did Management Science start to flourish?

  • World War II period (correct)
  • Industrial Revolution period
  • Renaissance period
  • Great Depression period
  • What methodological development contributed to the flourishing of Management Science?

    <p>Simplex Method for solving linear programming problems</p> Signup and view all the answers

    Which step of problem-solving involves evaluating different options based on criteria such as salary, potential for advancement, and job location?

    <p>Step 3</p> Signup and view all the answers

    Study Notes

    Management Science

    • Management Science is also known as Operations Research
    • The founder of Management Science is Frederick W. Taylor
    • Management Science started to flourish during the post-World War II period
    • The methodological development that contributed to the flourishing of Management Science was the development of mathematical modeling and computer simulation

    Problem-Solving

    • Evaluating involves evaluating different options based on criteria such as salary, potential for advancement, and job location

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    Description

    Test your knowledge of Management Science with this final examination covering the fundamentals of quantitative decision making and the various names associated with management science.

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