A(n) ________ solution occurs when the number of independent unique assignments equals the number of rows or columns
Fill in the blank with correct word.
Answer: optimal
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Managers generally use payback as the sole method for deciding whether to invest in an asset
Indicate whether the statement is true or false
A descriptive measure that is computed from a population is called a:
a. sample. c. population. b. statistic. d. parameter.
Which of the following is an advantage of trade credit?
A) Trade credit is conveniently obtained as a normal part of the firm's operations. B) No formal agreements are generally involved in extending credit. C) The amount of credit extended expands and contracts with the needs of the firm. D) All of the above.
Ajax predicts that if a customer pays on the first sale, it is assured that it is a reliable customer. As such, it expects that customer to generate a net profit of $350 per year for 12 years. Ajax calculates present value with a 15% rate of return. There is a 90% probability that Ajax will secure a reliable customer. However, if the customer defaults, Ajax will have to incur a loss of $500. Determine the expected benefit if credit is granted.
A) $1,857 B) $1,757 C) $1,657 D) $1,957