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Examveda

The word __________ may be defined as some action that we apply to some problems or hypothesis.

A. Research

B. Operation

C. Both A and B

D. None of the above

Answer: Option B

Solution(By Examveda Team)

The word Operation may be defined as some action that we apply to some problems or hypothesis. Operation means the actions and decisions made by participants and members of a business that affect the production, distribution, service, management, etc. needed for a company to function that requires the use of resources and assets.

This Question Belongs to Management >> Operations Research

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The use of decision models.

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