One basic assumption of linear programming is proportionality. Explain its need

What will be an ideal response?


Rates of consumption exist and are constant. For example, if the production of 1 unit requires 4 units of a resource, then if 10 units are produced, 40 units of the resource are required. A change in the variable value results in a proportional change in the objective function value.

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A(n) ______ is a neutral third party who resolves a conflict by making a binding decision.

a. counselor b. mediator c. integrator d. arbitrator

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Answer the following statements true (T) or false (F)

APB Statement 4 was in agreement with ASOBAT that financial statements should be oriented toward a limited group of users.

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Assume that a company takes 5,000 hours to produce 10,000 units of a product. What is the cycle time?

A) 0.5 units per hour B) 1 hour C) 0.75 hour D) 2 hours E) 0.5 hour

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Requiring that records be held by an individual or business subject to review by the

agency is called reporting. a. True b. False

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