A global optimal solution is not necessarily the best solution overall
a. True
b. False
Indicate whether the statement is true or false
False
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A liability rarely is established for product warranties because of uncertainty as to the amount of the liability
Indicate whether the statement is true or false
Media selection problems are typically approached with LP by either
A) maximizing audience exposure or maximizing number of ads per time period. B) maximizing the number of different media or minimizing advertising costs. C) minimizing the number of different media or minimizing advertising costs. D) maximizing audience exposure or minimizing advertising costs. E) minimizing audience exposure or minimizing advertising costs.
Gary bought a share of stock for $15.75 that paid a dividend of $.45 and sold three months later for $18.65. What was his dollar profit or loss and holding period return?
A) $2.90, 18.41% B) $3.35, 21.27% C) -$2.90, -18.41% D) $.45, 2.86%
Korsak Corporation is a service company that measures its output by the number of customers served. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes. Fixed Element per MonthVariable Element per Customer ServedRevenue $5,500Employee salaries and wages$43,700 $1,100Travel expenses $500Other expenses$43,200 ?The planning budget for October was based on serving 23 customers, but a total of 19 customers were actually served during October.?The activity variance for net operating income for October would have been closest to:
A. $15,600 F B. $12,500 F C. $12,500 U D. $15,600 U