Final answer:
The correct answer is C. quantitative management, which encompasses the use of mathematical tools and models to assist managers in making informed decisions and solving complex business problems.
Step-by-step explanation:
The aspect of management theory that uses mathematical techniques such as modeling and simulation to help managers make better decisions is known as C. quantitative management. This approach utilizes various mathematical tools and models, including but not limited to, operations research, statistical analysis, and mathematical modeling, to solve complex business problems and to enhance the decision-making process. Quantitative management applies to areas such as production and operations management, inventory management, forecasting, and logistics.
The aspect of management theory that uses mathematical techniques such as modeling and simulation to help managers make better decisions is called quantitative management.