Linear Programming,waiting Line,simulation,and PERT/CPM Are All Parts of Which Era

question 47

Multiple Choice

Linear programming,waiting line,simulation,and PERT/CPM are all parts of which era of operations management?

• A)Quality Research
• B)Operations Research
• C)Internet Revolution
• D)Globalization

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Definitions:

Business Plan

A detailed document outlining the goals, strategies, financial projections, and operational framework for a new or existing business.

Business Planning Process

A formal strategy to set goals, determine the resources needed to achieve these goals, and outline the plan for executing the activities.

Budgets

Estimates of income and expenditure for a set period of time, serving as a financial plan for individuals or organizations.

Managerial Value

The value or impact that effective managerial decisions have on the overall success and valuation of a company.