Examlex
Which of the following is the correct sequence describing the evolution of operations management?
Heuristic
A heuristic is a simple, efficient rule, whether hard-coded by evolutionary processes or learned, which helps in making decisions, forming judgments, or solving problems.
Making Risky Decisions
The process of making choices under conditions of uncertainty, where the outcomes could involve significant loss or gain.
Bets
Bets involve making a wager on the outcome of an uncertain event, with the anticipation of winning a reward.
Horse Races
Competitive sporting events in which horses, ridden by jockeys, race on a course to reach a finish line, often involving betting on outcomes.
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