1. Operations research is based upon collected information, knowledge and advanced study of various factors
impacting a particular operation. This leads to more informed
(A) Management processes
(B) Decision making
(C) Procedures
(D) Budgeting
Answers
Answer:
Option : C Procedures
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The correct answer is option(B) Decision making
Operations research is based upon collected information, knowledge and advanced study of various factors
impacting a particular operation. This leads to more informed decision making.
Operations research (OR) is a problem-solving and decision-making analytical method that is beneficial in business management. Problems are broken down into simple components in operations research, and then mathematical analysis is used to answer them in predetermined steps.
Operations research is critical because it produces workable solutions to challenging business problems. It leverages data to generate knowledge, which can subsequently be used as insights to improve performance and make better business decisions.
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