Management Science and Operations Research Both Involve

question 25

Multiple Choice

Management science and operations research both involve

• A) operational management skills.
• B) quantitative approaches to decision making.
• C) scientific research as opposed to applications.
• D) qualitative managerial skills.

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Definitions:

Direct Approach

A method of financial reporting or problem solving that involves straightforward, clear communication without indirectness.

Investing Activities

Transactions involving the purchase and sale of long-term assets and investments not included in cash equivalents.

Financing Activities

Activities that result in changes in the size and composition of the equity capital and borrowings of a company.

Operating Activities

Financial transactions and events related to the core business functions of a company, as reported in the cash flow statement.