Question

The application of quantitative techniques, such as statistics and computer simulations, to management is called _____ management.

-quantitative

-qualitative

-data

-scientific

Answer 1

Quantitative management is the application of statistics and computer simulations to management. It involves using data-driven approaches to make informed decisions and solve problems.

Step-by-step explanation:

The application of quantitative techniques, such as statistics and computer simulations, to management is called quantitative management. Quantitative management involves using data-driven approaches to make informed decisions and solve problems. For example, managers may use statistical analysis to identify trends, forecast future performance, and evaluate the effectiveness of different strategies or initiatives.