Which of the Following Is NOT Included as Part of the Quantitative

question 115

Multiple Choice

Which of the following is NOT included as part of the quantitative approach to management?

• A)statistics
• B)optimization models
• C)organizational behavior
• D)computer simulations

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Definitions:

Bounded Rationality

A concept that suggests individuals make decisions based on a limited amount of information and cognitive constraints.

Rational Choice

is a theory that assumes individuals make decisions based on the maximization of personal advantage, weighing benefits against costs.

Implicit Favorite

An often unrecognized bias towards a person or option that influences decision-making and judgment without conscious awareness.

Alternatives Sequentially

The process of considering and evaluating different options one after another in a systematic order.