The Management Approach Which Involves Application of Statistics and Computer

question 68

Multiple Choice

The management approach which involves application of statistics and computer simulations is the ____________.

• A) scientific method
• B) bureaucratic approach
• C) classical approach
• D) quantitative approach
• E) systems approach

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Definitions:

Economic Growth

A rise in the output of goods and services within an economy over a specific time frame, usually quantified by the Gross Domestic Product (GDP).

Real GDP

Gross Domestic Product adjusted for inflation, measuring the value of goods and services produced by a country in a specific period, reflecting actual productivity.

Ownership Of Property

The legal right to possess, use, and dispose of assets such as land, buildings, or personal items.

Foreign Direct Investment

Investment made by a company or individual in one country in business interests in another country, in the form of either establishing business operations or acquiring business assets.