Leo Is Analyzing Ways to Improve Efficiency and Productivity in a Particular

question 75

Multiple Choice

Leo is analyzing ways to improve efficiency and productivity in a particular organization. The management problems being studied are very complicated and he needs help analyzing a large number of variables. He also intends to construct mathematical models to represent reality to determine how the real-world situation might be improved. In this scenario, Leo is applying the ________.

• A) systems approach
• B) management science approach
• C) lower-level management analysis approach
• D) motion-study techniques approach
• E) contingency approach

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Definitions:

Defective Incorporation

A legal term referring to the situation where a company has been incorrectly or incompletely formed, potentially affecting its legal status and liabilities.

Personal Liability

The legal responsibility of an individual to settle debts or damages out of their own assets.

Gross Revenues

The total amount of money earned by a business before any deductions or expenses are subtracted.

Indirectly Own Stock

Holding shares in a company through indirect means, such as owning a mutual fund or an exchange-traded fund that in turn owns the stock.