Management Science Stresses the Use of Rational, Science-Based Techniques and Mathematical

question 14

Multiple Choice

Management science stresses the use of rational, science-based techniques and mathematical models to improve

• A) decision making and goal setting.
• B) synergy.
• C) cost-cutting and planning.
• D) decision making and strategic planning.
• E) sales and customer relationships.

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Definitions:

Market Value

The estimated amount for which an asset or liability should exchange on the valuation date between a willing buyer and a willing seller.

Par Value

The face value of a bond or stock as stated on the certificate or charter, often used for legal capital or accounting purposes.

Cash

A form of currency that includes coins and paper notes, which is used as a medium of exchange for goods and services.

Shares

Units of ownership interest in a corporation or financial asset, which provide for an equal distribution in any profits, if any are declared, in the form of dividends.