Which of the Following Statements Is True for the Management

question 84

Multiple Choice

Which of the following statements is true for the management science approach?

• A) It is only suitable for management problems with a small number of variables.
• B) The use of behavioral models to investigate the decision situation is typical in management science applications.
• C) Management science techniques are not suited for analyzing quantifiable factors.
• D) Management science techniques decrease the effectiveness of managers in decision making.
• E) Management science applications generally use economic implications as guidelines for making a particular decision.

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Definitions:

Issue for Cash

The process of a company issuing its shares to investors in exchange for cash as a method of raising capital.

Mortgage

A mortgage is a type of loan specifically designed for purchasing real estate where the property itself serves as collateral for the loan until it is paid off.

Investing Activities

Investing activities include transactions involving the acquisition or disposal of long-term assets and investments, which are reflected in the cash flow statement.

Purchase of Land

An accounting transaction involving the acquisition of land, classified as a non-current asset on the balance sheet.