The Field of Management Science

question 74

Multiple Choice

The field of management science

• A) approaches decision making irrationally with techniques based on the scientific method.
• B) is another name for management or human resources management.
• C) concentrates on the use of quantitative methods to assist managers in decision making.
• D) is completely separate and distinct from all other disciplines.

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Definitions:

Keiretsu

A group of Japanese manufacturers, suppliers, and finance firms with common interests.

Industry Alliances

Collaborative arrangements between companies in the same industry, aimed at enhancing competitive advantage, sharing resources, or achieving common goals.

Multinational Corporations

Large companies that operate and provide goods or services in more than one country outside of their home country.

Host Country

A nation where foreign entities such as businesses, expatriates, or international organizations operate or reside, outside of their home country or country of origin.