Managerial decisions are based on.
A. An evaluation of quantitative data
B. The use of qualitative factors
C. Results generated by formal models
D. All of the above
Answer: Option D
Solution (By Examveda Team)
Managerial decisions are based on an evaluation of quantitative data, the use of qualitative factors and results generated by formal models.This Question Belongs to Management >> Operations Research
Related Questions on Operations Research
A. Is possible when the variables value is known
B. Reduces the scope of judgement & intuition known with certainty in decision-making
C. Require the use of computer software
D. None of the above
A. Must be deterministic
B. Requires computer aid for its solution
C. Represents data in numerical form
D. All of the above
A physical model is example of.
A. An iconic model
B. An analogue model
C. A verbal model
D. A mathematical model
The qualitative approach to decision analysis relies on.
A. Experience
B. Judgement
C. Intuition
D. All of the above
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