Classification of Management Science Techniques does Not Recognize

question 119

Multiple Choice

Classification of management science techniques does not recognize

• A) linear mathematical programming.
• B) probabilistic techniques.
• C) network techniques.
• D) computer programming.

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Definitions:

Committed Fixed Costs

Expenses that a company has to pay regardless of its level of production or sales, such as leases and long-term contracts, which cannot be easily changed in the short term.

Unit Fixed Cost

The fixed cost associated with producing one unit of a product, which does not vary with the level of production output.

Total Fixed Cost

The sum of all expenses that remain constant regardless of the level of production or sales activities, such as rent, salaries, and insurance premiums.

Driver's Side Air Bag

A safety feature located in the steering wheel designed to protect the driver in the event of a collision.