Mike Tyson earned about $200 million during his career. However, in 2003 he was in financial trouble. This an example of poor management skills. If he had of invested his money wisely. not spent his money on things not needed, and not overindulged in a lavish lifestyle, he would still have this money or more today.
A Management Science Perspective is a management perspective that originated after World War II and used mathematics, statistics, and other quantitative tools to managing challenges.
Management science, often known as mathematical or quantitative measurement, sees management as a logical entity whose actions may be described in terms of mathematical symbols, connections, and measurement data.
The mathematical model is the key emphasis of this technique. This device may represent management and other challenges in fundamental relationships, and if a specific goal is sought, the model can be expressed in terms that optimize that goal. This method borrows heavily from decision theory and, in fact, provides several ways for rational decision-making.
Therefore, the answer is management science perspective.
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Allocative inefficiency due to unregulated monopoly is characterized by the condition: P>MC.
Allocative inefficiency happens whilst the purchaser does no longer pay a green price. A green charge is one that just covers the costs of manufacturing incurred in supplying the good or provider. Allocative efficiency occurs while the company's fee, P, equals the greater (marginal) cost of delivery, MC
Monopolies can boom fees above the marginal fee of manufacturing and are allocative inefficient. that is because monopolies have marketplace strength and may boom rate to reduce client surplus.
Allocative efficiency occurs while consumer demand is completely met by means of supply. In other words, organizations are presenting the precise supply that clients want. For an instance, a baker has 10 customers trying an iced doughnut. The baker had made exactly 10 that morning – that means there's an allocative performance.
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The range can be affected by outliers, so the IQR (interquartile range) is used as a better scope of the range.
Answer:
C. all fixed costs.
Explanation:
Under variable costing, all fixed cost are period cost. This make them non-capitalizable
Are treated as expenses and impact entirely on the net income
In other method some fixed cost are capitalzied through inventory but, in variable costing is not the case.
The only capitalized cost are the variable cost using this method.
