………..models in which the input and output variables follow a probability distribution.

Related MCQs

• Which one of the following does not follow scalar chain?
• Bureaucratic models were given by :
• Game theory models are classified by the
• Principles of division of work is applicable to a government office where there is a diary/dispatch clerk whose job is to receive and send mail, a data entry operator whose task is to input data on the computer. Division of work is also applicable to limited company where there are separate departments like productions, finance, research and development etc. Which quality of Principles of management is highlighted above?
• Decision variables are
• Which of the following is called output of a system?
• Employees deserve fair and just renumeration but what is just, and fair is determined by multiple factors. They include contribution of the employee, Paying capacity of the employer and prevailing wage rate for the occupation under consideration. Which quality of Principles of Management is highlighted above?
• The difference between annual and long-range plans versus a strategic plan is that the annual and long-range plans deal with the company’s current business and how to keep them going, while the strategic plan deals with:
• Even a small production activity like loading pigs of iron into boxcars can be scientifically planned and managed. This can result in tremendous saving of human energy as well as wastage of time and materials. Which of the following Principles if management emphasize on above situation?
• Which of the following is known as the process of getting activities completed efficiently and effectively with and through other people?