Which of the Following Represent the Two Branches of Quantitative

question 75

Multiple Choice

Which of the following represent the two branches of quantitative management theory?

• A)Scientific management and administrative management
• B)Human relations movement and organizational behavior
• C)Contingency theory and systems theory
• D)Theory X and Theory Y
• E)Management science and operations management

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Definitions:

Equivalent Units

A concept in cost accounting used to allocate costs to mass-produced items that are not identical, allowing for the calculation of per-unit costs at various stages of production.

Conversion Cost

The total cost of converting raw materials into finished goods, comprising both direct labor costs and manufacturing overhead costs.

Total Conversion Cost

The sum of all labor costs and overhead expenses involved in converting raw materials into finished goods.

First-In, First-Out

An inventory valuation method where goods purchased or produced first are sold or used first.