If "Necessity Is the Mother of Invention," Management Science's Mother

question 24

Multiple Choice

If "necessity is the mother of invention," management science's mother was probably:

• A)World War II.
• B)the electronic computer.
• C)the Great Depression
• D)linear programming

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Definitions:

Quantum Meruit

A legal principle where a person can recover a reasonable value of services provided, even in absence of a contract.

Mandatory Injunction

A court order compelling a party to undertake a specific act, often issued to prevent irreversible harm.

Quantum Meruit

A legal principle that means "as much as he deserves," allowing a person to recover reasonable value of services provided when a contract for them is nonexistent or cannot be enforced.

Accounting

The systematic process of recording, analyzing, summarizing, and interpreting financial transactions and information.