During World War II, Many New Scientific and Quantitative Techniques

question 89

True/False

During World War II, many new scientific and quantitative techniques were developed to assist the military, and these developments were so successful that many companies started using similar techniques in managerial decision making and planning after the war.

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Definitions:

Risk Averse

An investor who will consider risky portfolios only if they provide compensation for risk via a risk premium.

Variable Annuity Contract

An insurance contract that provides future payments to the holder, where the amounts depend on the performance of the investment options chosen.

Hypothetical Constant-Benefit Payment

A theoretical payment scenario where beneficiaries receive a constant amount, regardless of changes in the underlying value or conditions.

Personal Trust

An interest in an asset held by a trustee for the benefit of another person.