A feasible solution is a(n) ___________ if there are no other feasible solutions with a better objective function value in the immediate neighborhood
a. efficient frontier
b. local optimum
c. global maximum
d. diverging function
b
RATIONALE: A feasible solution is a local optimum if there are no other feasible solutions with a better objective function value in the immediate neighborhood.
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The negative effects of abusive supervision are estimated to cost organizations over ______ each year.
a. a million dollars b. 20 million dollars c. 20 billion dollars d. more than most companies could afford
Use this resource load chart to determine which activity uses the fewest resources
A) Activity A B) Activity B C) Activity C D) Activity D
Of the three flows linking organizations in a supply chain, information and monetary flows always move upstream and physical flows always move downstream
Indicate whether the statement is true or false.
Tierman Incorporated makes a single product-a cooling coil used in commercial refrigerators. The company has a standard cost system in which it applies overhead to this product based on the standard machine-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Budgeted fixed manufacturing overhead$221,700 Budgeted production (a) 15,000units Standard hours per unit (b) 2.00machine-hours Budgeted hours (a) × (b) 30,000machine-hours Actual production (a) 17,000units Standard hours per unit (b) 2.00machine-hours Standard hours allowed for the actual production (a) × (b) 34,000machine-hours Actual fixed manufacturing overhead$207,700 ?The fixed overhead volume variance is:
A. $43,560 F B. $43,560 U C. $29,560 F D. $29,560 U