The Two Branches of the Quantitative Approach Are Operations Management

question 39

Short Answer

The two branches of the quantitative approach are operations management and ____________________.

---

Definitions:

Long-Term Liabilities

Financial obligations of a business that are due beyond one year, including bonds payable, long-term loans, and lease obligations.

Operating Cycle

The duration of time from the purchase of raw materials to the collection of receivables from the sale of the finished goods.

Estimated Liabilities

Obligations that are anticipated but not yet confirmed in terms of their exact value or timing.

Vacation Benefits

A form of employee compensation where workers receive paid time off from work, meant to offer rest and recreation.