Management Fundamentals 7th Edition by Robert N. Lussier

Exercise 25

The following critical-thinking questions can be used for class discussion and/or as written assignments to develop communication skills. Be sure to give complete explanations for all questions.

Have you ever used any of the techniques for analyzing and selecting an alternative? If so, which one(s)?

Step 1 of 2

Different types of quantitative techniques for selecting an alternative are

• Breakeven analysis

• Capital budgeting

• Linear programming

• Queuing theory

• Probability theory