Which of the following management approaches makes use of inventory, network, and probability models as aids in the decision-making process?
A) Classical
B) Behavioral
C) Management Science
D) Contingency
E) System

Question

Quizplus · Accepted Answer

The use of inventory, network, and probability models is a characteristic feature of the Management Science approach, which emphasizes the use of quantitative techniques and computer tools to support decision-making processes. The Classical approach emphasizes the rationality and efficiency of the organization, the Behavioral approach focuses on the human aspect of management, the Contingency approach emphasizes the contingent nature of management practices, and the System approach considers the organization as a complex and dynamic system.

Which of the Following Management Approaches Makes Use of Inventory