For a profit maximization problem, if the allowable increase for a coefficient in the objective function is infinite, then profits are unbounded
Indicate whether this statement is true or false.
Answer: FALSE
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When a theory’s concepts build logically upon each other, we say that the theory has internal ______.
A. acuity B. consistency C. reliability D. validity
A roofing company collects fees when jobs are complete. The work for one customer, whose job was bid at $3,000, has been completed as of December 31, but the customer has not yet been billed. Assuming adjustments are only made at year-end, what is the adjusting entry the company would need to make on December 31, the calendar year-end?
A. Debit Accounts Receivable, $3,000; credit Roofing Fees Revenue, $3,000. B. Debit Cash, $3,000; credit Roofing Fees Revenue, $3,000. C. Debit Roofing Fees Revenue, $3,000; credit Accounts Receivable, $3,000. D. Debit Cash, $3,000; credit Accounts Receivable, $3,000. E. No adjustment is required.
______ is a measure of the financial return the organization receives because of something it did to invest in the organization or its people.
A. Economic value added B. Human resource management systems C. Return on investment D. HR scorecard
A(n) ________ is a proposal addressed to specific persons indicating an intention by the person making the proposal to be bound to the sale or purchase of particular goods for a price
A. agreement B. advertisement C. revocation D. offer