Operations Research Got Its Start

question 58

Multiple Choice

Operations Research got its start

• A) during World War II.
• B) with the first Univac computers in the early 1950's.
• C) from roots in Operations Management.
• D) from Frederick Taylor's Scientific Management.

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Definitions:

Cash Investment

Cash investment refers to funds invested into a business or market with the expectation of generating a financial return.

Accounting Equation

Represents the fundamental relationship in accounting: Assets = Liabilities + Equity, ensuring a balance in a company's financial statements.

Owner's Equity

The residual interest in the assets of the entity after subtracting liabilities, essentially representing the owner's claim against the company's assets.

Initial Investment

The initial amount of money put into a project or venture at its inception.