A nonlinear optimization model differs from a mixed integer linear optimization model in that the nonlinear optimization model ________
A) contains terms that cannot be written as constant times a variable
B) is considerably more easy to solve than the mixed integer linear optimization model
C) uses equalities and nonequalities to describe constraints in the business decision problem
D) contains only a subset of variables that are restricted to being integers while others are continuous
A
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Geraldo went to the supermarket to buy a bottle of chocolate syrup. While there, he saw the latest copy of National Enquirer at the checkout stand. He had not planned on buying the magazine, but on the spur of the moment he bought himself a copy. This decision by Geraldo is an example of
A. convenience buying. B. impulse buying. C. expected behavior. D. extended problem solving. E. a habitual solution.
An examiner investigates and reports the results of a bankruptcy fraud investigation to the court. Which of the following is NOT included in his or her duties unless he or she is court appointed?
a. Operate a business b. Subpoena records c. Make business decisions d. Propose reorganization plans e. An examiner is not allowed to perform any of the above
The most liquid of all assets is
a. cash. b. inventory. c. marketable securities. d. accounts receivable.
Which of the following is a pricing strategy that turns the typical assumption about price-demand relationships on its head?
A) penetration pricing B) price bundling C) assimilation effect pricing D) placebo effect pricing E) prestige pricing