The objective function of a transportation problem is to:
A) maximize transportation cost
B) maximize supply quantities
C) minimize total demand
D) minimize total shipping cost
E) minimize production cost
D
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The cost of going to an ATM is $1 in an economy. If the nominal interest rate in the economy is 5 percent, what is the total cost associated with holding cash for an individual who spends $10 daily and has a 15 percent probability of having his cash lost or stolen? Assume that he visits the ATM once in every T days.
A. (182.5/T) + (0.2 ×T) B. (182.5/T) + (0.2 ×T) C. (365/T) + (0.5 ×T) D. (365/T) + T
Which of the following is an incorrect statement regarding variances?
A. A variance is favorable when expected sales are more than actual sales. B. A variance can be both favorable and unfavorable. C. A variance can be calculated for both revenues and expenses. D. A variance is a difference between budgeted and actual amounts.
Use the earned value table to determine the estimated time to completion given the indicated state of the project
Activity 5 10 15 20 25 30 35 Plan % Complete A 850 350 1,200 100% B 400 125 525 100% C 1,275 650 1,925 100% D 2800 4,500 350 7,650 95% E 680 400 1,080 75% F 125 875 1,000 80% G 300 1200 1,500 45% Monthly Plan 850 750 1,400 3,450 5,180 1,175 2,075 14,880 Monthly Act 900 650 1,350 3,875 4,780 850 2,000 A) 35 days B) 37 days C) 39 weeks D) 41 weeks
Which of the following best represents operating income?
A) Income after financing activities B) Earnings before interest and taxes C) Income from capital gains D) Income from discontinued operations