A mixed integer linear optimization model differs from a nonlinear optimization model in that the mixed integer linear optimization model ________
A) contains terms that cannot be written as constant times a variable
B) is considerably more difficult to solve than the nonlinear optimization model
C) uses equalities and inequalities to describe constraints in the business decision problem
D) contains only a subset of variables that are restricted to being integers while others are continuous
D
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Which of the following is an industry force that shapes the attractiveness of a competitive environment?
A) competitor intelligence B) knowledge advantage C) cost advantage D) market share advantage E) customer buying power
______ is the division of a single lot into two or more sublots and simultaneously processing each sublot on identical (or very similar) work centers as a separate lot.
A. Lot processing B. Lot splitting C. Lot allocating D. Lot wrapping
Blue Nile is an online retailer of diamonds that has used responsive transportation to ship diamonds to customers in the United States, Canada, and several countries in Europe and Asia. Which is the mode of transportation used with this strategy?
A) Sea B) Rail C) Internet D) Air
Tom and Lynn get together and start a mortgage brokerage business. They each contribute $25,000 of capital to the business. After the first year of operation, the total owners' equity is listed as $60,000. Most likely, the additional $10,000 of owners' equity is
A. common stock. B. long-term liabilities. C. current liabilities. D. retained earnings. E. a bank loan.