Operations Research Grew Directly Out of World War II Groups

question 91

Multiple Choice

Operations research grew directly out of World War II groups and is based on:

• A) group dynamics.
• B) employees in crisis.
• C) production in turbulent times.
• D) mathematical model building.
• E) none of these.

---

Definitions:

Marginal-cost Pricing

A pricing strategy where the price of a product is set equal to the additional cost of producing one extra unit of output.

Productive Efficiency

A state where an economy or firm produces goods or services at the lowest possible cost, using resources in the best possible manner without waste.

Managerial Incentives

Incentives designed to motivate managers to make decisions that align with the owner's or shareholders' interests.

Pure Monopolist

A single supplier in a market that controls all the goods or services, with no close substitutes and high barriers to entry.