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Which model are developed on the principles of business management, accounting and econometric?

A. Behavioral mode
B. Management science models
C. Operations research models
D. Policy making models

Answer & Solution
Option: B
Explanation : The management science modeling process helps businesses to improve their operations through the use of scientific methods and the development of specialized techniques. It is the process of re searching for an optimal solution to the existing problem. Management science modeling process provides systematic, analytical and general approaches to the problem solving for decision-making, regardless of the nature of the system, product, or service. Management science modeling process is the application of scientific methods to complex organizational problems. Models are aimed at assisting the decision-maker in decision-making process. Management science modeling process is one of the innovative decision making tool of the twentieth century.
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