The Field of Management Science

question 27

Multiple Choice

The field of management science

• A) approaches decision making rationally, with techniques based on the scientific method.
• B) concentrates on the use of quantitative methods to assist in decision making.
• C) is another name for decision science and for operations research.
• D) each of these choices are true.

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Definitions:

Omission

The act of leaving out or excluding something, either intentionally or accidentally.

Conflicts

Disagreements or disputes between parties, typically arising from differing interests or opinions.

Competitive

Characterized by rivalry, where individuals or groups vie to outperform each other to achieve a goal.

Act Utilitarianism

A ethical theory that posits the rightness or wrongness of an action is determined solely by its contribution to overall utility, measured by the amount of happiness or unhappiness it produces.