Which of the Following Fields of Management Science Finds the Optimal

question 50

Multiple Choice

Which of the following fields of management science finds the optimal method of using resources to achieve the objectives of a business?

• A)Simulation
• B)Regression
• C)Mathematical programming
• D)Discriminant analysis

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Definitions:

Concept

An abstract idea or a general notion that represents a category or class of objects, events, or phenomena.

Typicality Effect

The phenomenon where more prototypical or typical instances of a concept are processed faster than less typical instances.

Hierarchical Network Models

Cognitive models that propose concepts are stored in the brain in a hierarchical manner, from general to specific.

Cognitive Economy

A principle in cognitive psychology that suggests minds tend to use the simplest and most economic routes to process information.