State whether the following statements are true or false and also give the reason in support of your answer.
(i) The four primary functional areas of a firm are marketing, finance, operations, and human resources.
(ii)Operations research is concerned with the systematic analysis of work methods.
iii)Productivity is the most common measure of competitiveness
(iv) Ensuring good quality underlies all operational decisions.
(v) In a two person zero-sum game, a saddle point always exists
(i) True
Reason: The four primary functional areas of a firm are indeed marketing, finance, operations, and human resources. These areas support core business functions, and operations research often interacts with each to optimize decision-making processes.
(ii) False
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