ABC, Inc., is a small clothing manufacturer that produces polo shirts and pants using two resources: sewing machine hours and cutting machine hours. The production manager can schedule up to 240 hours of sewing machine time and up to 150 hours cutting machine time. Production of one polo shirt requires 3 hours of sewing time and 1 hour of cutting time. Each pair of pants requires 2 hours of sewing time and 1.5 hours of cutting time. Each polo shirt yields a profit of $5, and each pair of pants generates a $6 profit. The objective is to maximize profits. How many decision variables are there in this LP formulation?
a. one
b. two
c. three
d. four
b. two
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A. 1,300 B. 130 C. 13 D. 2
If the balance of accounts receivable decreases during the year, then cash collections will ____________________________ sales on account for the period
Fill in the blank(s) with correct word
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Indicate whether the statement is true or false
Which of the following activities is not a part of the "perform" stage in the management process?
A) Producing products as per customer specifications B) Manage supply chain relationships C) Identifying operating activities that minimize waste D) Calculating variances by comparing estimated and actual costs