Management & no management is binary. If we used an indicator variable (1 for “has management” and 0 for “no management”) then there’d be no way to have any ide

Management & no management is binary. If we used an indicator variable (1 for “has management” and 0 for “no management”) then there’d be no way to have any idea of “quality of management performed” along a different axis in the “no management” case. I don’t agree that separating this as a distinct inficator variable would actually be useful.