​Which of the Following Is Not One of the Commonly

question 37

Multiple Choice

​Which of the following is not one of the commonly used names for the body of knowledge involving quantitative approaches to decision-making?

• A)​management science
• B)​business analytics
• C)​operations research
• D)​efficiency studies

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Definitions:

Income

Earnings acquired regularly through employment or investment returns.

Nuts

Edible seeds or fruits with a hard shell and a kernel that is eaten or used in cooking.

Berries

Small, pulpy fruits that are typically sweet or sour in taste and do not have a stone or pit, although there are exceptions.

Utility Function

A mathematical representation in economics that calculates an individual's preferred ranking of various bundles of goods, showing satisfaction levels from consumption.