Which of the Following Management Approaches Makes Use of Inventory

question 85

Multiple Choice

Which of the following management approaches makes use of inventory, network, and probability models as aids in the decision-making process?

• A) Classical
• B) Behavioral
• C) Management Science
• D) Contingency
• E) System

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Definitions:

Journal

A detailed record where all financial transactions of a business are initially recorded, before being transferred to the general ledger.

Posting Reference

A notation or code that links journal entries to the corresponding ledger accounts, facilitating tracking and reviewing of financial transactions.

Journal Page Number

The specific page number in a journal where transactions are recorded, aiding in tracking and referencing financial activities.

Account Number

A unique sequence of numbers assigned to a customer's account in the books of a financial institution.