In a Task Assignment Situation, in How Many Different Ways

question 77

Multiple Choice

In a task assignment situation, in how many different ways can five jobs be assigned to five machines if each job must be assigned to each machine and each machine must be assigned one job?

• A)1
• B)5
• C)25
• D)120
• E)3,125

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Definitions:

Yield Management Pricing

A strategic pricing approach used in industries like airlines and hotels, where prices are adjusted in real-time based on demand, with the aim of maximizing revenue.

Penetration Pricing

A pricing strategy that involves setting a low price for a new product to attract customers and gain market share quickly.

Cost-Plus Pricing

A pricing strategy where the selling price is determined by adding a specific amount or percentage to the cost of producing the product.

Bundle Pricing

A pricing strategy where multiple products or services are sold as a single package for a reduced price compared to purchasing each item separately.