George Dantzig Is Important in the History of Management Science

question 11

Multiple Choice

George Dantzig is important in the history of management science because he developed

• A)the scientific management revolution.
• B)World War II operations research teams.
• C)the simplex method for linear programming.
• D)powerful digital computers.

---

Definitions:

Treasury Stock

Shares repurchased by the issuing company, reducing the amount of outstanding stock on the open market.

Shares Outstanding

The total number of shares of stock that are owned by investors, including both public shareholders and company insiders.

Market Price

The existing rate at which a service or asset is traded within a marketplace.

Buy Back

A corporate action in which a company purchases its own shares from the marketplace, reducing the number of outstanding shares.