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Quantitative techniques are very useful in making decisions under conditions of varying degrees of uncertainty. Torque Engineering Co. Ltd. faces the problem of allocating resources to its newly set up hydraulic pumps division. Which of the following decision-making techniques can help solve the problem?
(a) Linear programming
(b) Decision tree
(c) Simulation
(d) Waiting-line method
(e) Game theory
T plc has never had a formal system of investment appraisal. The directors have decided that, in future, managers must submit a formal proposal in respect of all investment projects and each project must have a payback period of five years or less..
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You're the managing partner in a law firm that's triumph ready to hand out Partnerships. You're aware that a few of the voting partners harbour somewhat old-fashioned views about the attitudes
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