Multiple choice

Mathematical approach to management is closely related to

  1. Empirical approach of management

  2. Interpersonal behaviour approach of management

  3. Corporate approach of management

  4. Decision theory approach of management
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D Correct answer
Explanation

Operation researchers and analysts are of the opinion that if planning, decision-making, organizing, etc. conform to logical processes, then the same can easily and suitably be presented in mathematical symbols. The leaning of this school is heavily on expressing and interpreting the basic relationship of the problems in terms of determined goals. In a way, it is thus closely related to decision theory approach.

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