Which of the following is FALSE about objective functions in linear programming (LP)?
a. Every LP problem will have an objective function.
b. An objective function can be either maximized or minimized.
c. The objective of an LP problem expressed mathematically is referred to as an objective function.
d. The objective for an LP problem should be expressed explicitly in monetary units.
d. The objective for an LP problem should be expressed explicitly in monetary units.
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Corruption schemes include all of the following except:
a. conflicts of interest. b. check tampering. c. economic extortion. d. illegal gratuity.
When preparing a statement of cash flows using the indirect method, which of the following is correct?
A. The issuance of a stock dividend should be a use of cash in the financing activities section. B. The purchase of land and a building by issuing a long-term note payable should be a source of cash in the financing activities section. C. A loss on the sale of land should be added to net income in the operating activities section. D. The declaration of a cash dividend should be a use of cash in the financing activities section. E. Proceeds from the sale of equipment should be added to net income in the operating activities section.
Assume that the British pound is worth 1.6242 U.S. dollars. If a new Jaguar costs $138,000, what is
the cost in British pounds? A) 71,642 B) 119,998 C) 84,965 D) 201,000
The difficulties associated with private political risk insurance include all of the following except: A) it is difficult to obtain
B) it is very costly. C) the approval process is slower than with public insurance agencies. D) the terms of many private political risk policies are limited to a very short period of time.