What Explains the Limited Use of Quantitative Management

question 87

Multiple Choice

What explains the limited use of quantitative management?

• A) It is difficult to discontinue the use of this process once it has been established.
• B) Many of the decisions managers face are nonroutine and unpredictable.
• C) Managers are oriented more toward things than toward people.
• D) It holds that all aspects of a management decision should mandatorily be expressed through mathematical symbols and formulas.
• E) It believes that economic needs have precedence over social needs.

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Definitions:

Statement Of Comprehensive Income

A financial statement that includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.

Times Interest Earned

A financial ratio that measures a company's ability to meet its debt obligations based on its annual interest expenses.

Financial Position

A snapshot of a company's assets, liabilities, and equity at a given point in time, showing its economic situation.

Statement Of Comprehensive Income

A financial statement that presents a company's total income, including both net income and other income items that are not included in the net income.