Quantitative Approach to Management: Definition & Methods

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

What is the quantitative approach to management?

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1. What three quantitative approaches were discussed in this lesson?

2. What is Management Science?

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About This Quiz & Worksheet

Gauge your knowledge of the quantitative method of managing. You'll need to know the three types of quantitative approaches and what they are.

Quiz & Worksheet Goals

This quiz aims to help you review:

  • Definition of the quantitative approach
  • Three different quantitative approaches
  • What management science involves
  • Characteristics of operations management
  • How management information systems work

Skills Practiced

This worksheet and quiz will let you practice the following skills:

  • Interpreting information - verify you can read information regarding management information systems and interpret it correctly
  • Knowledge application - use your knowledge to answer questions about the three quantitative approaches
  • Defining key concepts - ensure that you can accurately define main phrases and terms, such as quantitative approach and management science

Additional Learning

To determine for yourself just how useful this management approach is, you can review the corresponding lesson called Quantitative Approach to Management: Definition & Methods. This lesson will help you:

  • Understand what the quantitative approach incorporates
  • Identify the three methods used in this approach
  • Describe the characteristics of each approach
  • Explain how to best determine the critical path in a production line
  • Appreciate how to find the best location for a distribution center
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