Which of the following techniques attempts to optimize a company’s objective, such as maximizing profits or minimizing costs, given constraints such as scarce productive resources?
A. optimization model
B. transportation model
C. simulations
D. management coefficients model
A. optimization model
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________ is the sum of all the values that customers give up to gain the benefits of having or using a product or service
A) Payroll B) Profit C) Price D) Cost E) Salary
In the South Division of Occident Company, segment income for the most recent year exceeded residual income by $15,000 . Also, return on investment exceeded the target rate of return by 10%. What was the level of investment in the South Division for the most recent year?
a. $ 15,000 b. $100,000 c. $150,000 d. An answer can't be determined from this information.
Which of the following industries is most likely to have low equipment utilization?
A) auto manufacturing B) commercial baking C) television manufacturing D) steel manufacturing E) restaurants
The ________ account is used to record the effects of cash overages and shortages from errors in making change or managing a petty cash fund.
Fill in the blank(s) with the appropriate word(s).