Question

Oleg, the CEO of a large global production company, is excited about the introduction of statistics and computer simulations in the design stage of the company's products. Oleg is using

1) the design approach2) quantitative techniques3) MBO4) scientific management5) behavioral management

Answer 1

The correct answer would be option B, Quantitative Techniques.

Step-by-step explanation:

Quantitative techniques are the techniques used to statistically, mathematically or numerically analyzing the data which is collected through polls, questionnaires, surveys, etc. So if the CEO of a large global production company is excited about the introduction of statistics and computer simulation in the design stage of the company's production, then he is basically using the Quantitative Techniques in his product development.