Which of the Following Represents a Mathematical Method of Handling

question 39

Multiple Choice

Which of the following represents a mathematical method of handling imprecise or subjective information?

• A) Genetic algorithm
• B) Fuzzy logic
• C) Market basket analysis
• D) Statistical analysis

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Definitions:

Total Variable Costs

The cumulative amount of variable expenses incurred in the production of goods or services.

Volume Of Activity

This term refers to the level of operations or the quantity of work done or services provided in a specific period.

Period Costs

Expenses that are not tied to the production of goods and services, such as administrative and selling expenses, and are expensed in the period they are incurred.

Finished Goods

Items that are finished being manufactured and are prepared for sale.