Proportionality, additivity, and divisibility are three important properties that LP models possess that distinguish them from general mathematical programming models
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following correctly pairs the standard deviation with its associated probability?
A. six standard deviations, probability of 99.7% B. three standard deviations, probability of 49.8% C. two standard deviations, probability of 68.2% D. five standard deviations, probability of 95.5%
This compensation structure is used by many organizations because it is thought to be one of the best ways to maintain pay equity by evaluating a job’s worth and said jobs relationship to other jobs within the organization.
What will be an ideal response?
Phyllrox Co, a large manufacturer, purchased a forklift from Brown's Equipment Co Phyllrox made a down payment in cash and signed a promissory note for $7,500 . For $7,200 Brown's sold the note to Corporate Bank, who took it in good faith without notice of any problems with it. After Phyllrox used the forklift for two weeks, it broke down and could not be repaired. Phyllrox refuses to make any
more payments to Corporate Bank. In this case: a. Phyllrox can assert the failure of the forklift as a defense to making payments to Corporate Bank. b. Corporate Bank is a holder in due course. c. Both of these are correct. d. Neither answer is correct.
Neef Corporation has provided the following data for its two most recent years of operation: Selling price per unit$84Manufacturing costs: Variable manufacturing cost per unit produced: Direct materials$12Direct labor$5Variable manufacturing overhead$4Fixed manufacturing overhead per year$432,000 Selling and administrative expenses: Variable selling and administrative expense per unit sold$5Fixed selling and administrative expense per year$61,000 Year 1 Year 2Units in beginning inventory0 3,000Units produced during the year12,000 9,000Units sold during the year9,000 10,000Units in ending inventory3,000 2,000The unit product cost under absorption costing in Year 1 is closest to:
A. $62.00 B. $36.00 C. $57.00 D. $21.00