What is a local optimum solution in nonlinear optimization models?
What will be an ideal response?
A local optimum solution is one for which all points close by are no better than the solution. The solution found often depends much on the starting solution in the spreadsheet.
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A contract with an intoxicated person is not voidable by the other party if that party had contractual capacity
Indicate whether the statement is true or false
________ are most effective for presenting numbers, dates, and columns of ?gures
A) Tables B) Figures C) Organizational charts D) Schematics
Which of the following is not correct regarding the manufacturing overhead budget?
A. Total budgeted cash disbursements for manufacturing overhead is equal to the total of budgeted variable and fixed manufacturing overhead. B. Budgeting overhead requires the use of many factors including production levels, management discretion, corporate policies, and external factors. C. The manufacturing overhead budget should provide a schedule of all costs of production other than direct materials and direct labor. D. Manufacturing overhead costs should be broken down by cost behavior.
A(n) ________ is a duty specifically levied to offset a subsidy
A. countervailing measure B. customs duty C. safeguarding measure D. excise duty