Quantitative Approach - Sub Fields

Quantitative Approach - Sub Fields

Assessment

Interactive Video

Business

University

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

The video tutorial covers various management approaches, including operations management, which focuses on using mathematical models to enhance organizational efficiency. It also discusses quantitative management, a broader field often referred to as management science. Total quality management is highlighted, emphasizing the use of statistics to improve product quality, reflecting Deming's work. Finally, management information systems are explored, showcasing how computers are used to provide information and generate reports to aid managerial decision-making.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary goal of operations management?

To focus solely on customer satisfaction

To reduce the use of technology

To enhance efficiency and effectiveness in processes

To increase the number of employees

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which field is often considered broader than operations management?

Marketing management

Financial management

Quantitative management

Human resource management

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Total quality management is closely associated with which of the following?

The use of qualitative analysis

The work of Deming and statistical methods

The reduction of production costs

The increase in product variety

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main function of management information systems?

To develop marketing strategies

To provide information and generate reports for decision-making

To automate manufacturing processes

To manage employee performance

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How do management information systems assist managers?

By eliminating the need for reports

By providing the necessary information for decision-making

By reducing the need for meetings

By increasing the number of employees

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