The most important solution method for linear programming problems is known as the:
a. spreadsheet method
b. solution mix method
c. complex method
d. simplex method
d
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What journal entry format is appropriate if sales returns and allowances occur on factored accounts?
A) Sales Returns and Allowances XXReceivable from Factor XX B) Receivable from Factor XXFactoring Expense XX C) Sales Returns and Allowances XXFactoring Expense XX D) Factoring Expense XX Sales Returns and Allowances XX
If a buyer becomes concerned that the seller may not be able to perform required contract obligations, the buyer:
A. will be excused from fair trade under the test of commercial impracticability. B. can demand assurance from the seller that the contract will be performed. C. will be excused from performance under the test of impossibility. D. can legally cancel the contract without telling the seller.
Which of the following correctly calculates an activity's cost slope?
A. (normal time - crash time)/(crash cost - normal cost) B. (normal time - crash time)/(normal cost - crash cost) C. (crash cost - normal cost)/(normal time - crash time) D. (normal cost - crash cost)/(normal time - crash time) E. (crash cost - normal cost)/(crash time - normal time)
Indicate whether each of the following statements is true or false.Eliminating a batch of work eliminates both batch-level and product-level costs._____Increasing the number of units in a batch increases batch-level costs._____Product-level costs are incurred to support specific products or services._____Some inventory management costs and engineering design costs are product-level costs._____Personnel administration and insurance are examples of facility-level costs._____
What will be an ideal response?