Which of the Following Is the Mathematical Model for Deriving

question 22

Multiple Choice

Which of the following is the mathematical model for deriving total cost of only outsourcing?

• A)TC = Q x C
• B)TC = F + (C x Q)
• C)TC = (V +C)x Q
• D)TC = (VC + F)x Q

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Definitions:

Decision-Making

Decision-Making involves selecting the best option from a set of alternatives based on criteria, often requiring problem-solving and critical thinking.

Information

Data that has been processed, organized, or structured in a way that it provides value or meaning.

Categorical Variable

A type of variable that can take on one of a limited, and usually fixed, number of possible values, assigning each individual or other unit of observation to a particular group or nominal category on the basis of some qualitative property.

Marital Status

Marital status is a legally defined marital state that individuals fall under, such as single, married, divorced, or widowed, often used in demographic studies.