The Management Science Perspective Applies All of the Following to Managerial

question 67

Multiple Choice

The management science perspective applies all of the following to managerial problems EXCEPT:

• A) Statistics.
• B) Qualitative techniques.
• C) Mathematics.
• D) Quantitative techniques.
• E) All of these are correct.

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Definitions:

Markdown

A reduction in the selling price of goods, typically to clear old stock or attract customers.

Breakeven

The point at which costs or expenses and income are equal, and there is no net loss or gain.

Mark-up

The amount added to the cost price of goods to cover overhead and profit; a percentage of the cost price.

Breakeven

A financial situation where revenue equals costs, resulting in neither profit nor loss.