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All of the following can be used to compute average profit except
Scientific Management
A management theory that examines and restructures workflows to enhance economic effectiveness and labor productivity.
Scientific Management
A management theory developed by Frederick W. Taylor that emphasizes efficiency and productivity by scientifically studying work processes and setting performance standards.
Process And Production
The methods and activities involved in transforming raw materials into finished goods, emphasizing efficiency and quality.
Theory X
A management concept that assumes employees are inherently lazy and will avoid work if they can, necessitating a controlling management style.
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