Answer the following statement(s) true (T) or false (F)
1. The range of optimality is useful only for basic variables.
2. The range of optimality is calculated by considering changes in the cj ? zj value of the variable in question.
3. As long as the objective function coefficient remains within the range of optimality, the variable values will not change although the value of the objective function could.
4. If the simplex tableau is from a maximization converted from a minimization, the signs and directions of the inequalities that give the objective function ranges will need to be adjusted to apply to the original coefficients.
5. The ranges for which the right-hand-side values are valid are the same as the ranges over which the dual prices are valid.
1. FALSE
2. FALSE
3. TRUE
4. TRUE
5. TRUE
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A(n) ________ includes the producer, wholesaler(s), and retailer(s) acting as a unified system
A) parallel marketing channel B) vertical marketing system C) extensive marketing channel D) internal marketing system E) conventional marketing channel
After the completion of production, standard and actual costs are compared to determine the ____ of the production process
a. effectiveness b. complexity c. homogeneity d. efficiency
Target has its own fleet of trucks and works directly with producers to take care of the ordering, delivery, and handling of goods. In addition, Target works directly with suppliers through its advanced system of inventory control and data processing. Target is
A. able to eliminate many of the functions typically performed by wholesalers. B. performing many of the critical functions of wholesalers through its own system. C. successfully using wholesalers to run its venerable chain of discount stores. D. using information technology to eliminate the need to perform typical wholesale functions. E. vertically integrated in order to produce and distribute all products itself.
Diagrams often communicate more clearly than words
Indicate whether the statement is true or false