A goal programming problem had two goals (with no priorities assigned). Goal number 1 was to achieve a profit of $2,400 and goal number 2 was to have no idle time for workers in the factory
The optimal solution to this problem resulted in a profit of $2,300 and no idle time. What was the value for the objective function for this goal programming problem?
A) 2300
B) 100
C) -100
D) 0
E) None of the above
B
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Tram Co began the month with $984 cash in the bank. If Tram Co performed services for $500 cash, paid expenses of $273 in cash, performed services on credit for $269, collected $315 on account, and paid $132 on account, what was the cash balance at the end of the month?
a. $1,663 b. $1,394 c. $1,310 d. $1,757
In a(n) ________ franchise arrangement, the franchisee gains preferred exclusive access to the products manufactured by the franchisor.
A. business format B. supply-oriented C. standard D. product distribution E. exclusive
In some states, minors are liable for contracts involving bank accounts and student loans and cannot avoid these contracts even though they can avoid other types of contracts
a. True b. False Indicate whether the statement is true or false
Which of the following is true about direct losses?
A) Does not include smoke damage to a building B) Is a non-financial loss C) Has no direct liability consequences for the firm D) Often is followed by an indirect loss due to business interruption