Which is true regarding optimization models?
a. Optimization models are based on precise mathematical procedures that are guaranteed to find the "best" solution for the problem under evaluation.
b. Optimization models are able to accommodate broad problem definitions, rather than provide an optimum solution.
c. The Grid Technique is a powerful optimization model.
d. Optimization models will guarantee increased profits.
a
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The adjustment for changes in operating working capital accounts depends in part on a firm's rate of growth. _____ firms usually experience significant increases in accounts receivable and inventories
a. Introduction phase b. Late maturity c. Declining d. Mature e. Rapidly growing
The example used in the textbook about Brian Stevens at the tractor assembly plant discussed a problem with which type of team?
a. Cross-functional team b. Self-managing team c. Problem-solving team d. Virtual team
Super Grocery store allocates its service department expenses to its various operating (sales) departments. The following data is available for its service departments: ExpenseBasis for allocation Amount AdministrativeSquare feet of floor space $15,000 AdvertisingAmount of dollar sales $8,000 The following information is available for its three operating (sales) departments:Department Square Feet Dollar Sales Produce 1,000 $80,000 Bakery 800 $30,000 Meats 1,200 $42,000 Totals 3,000 $152,000 What is the total administrative expense allocated to the Meats department?
A. $3,000. B. $1,200. C. $6,000. D. $4,145. E. $9,000.
A bond is a ________ instrument by which a borrower of funds agrees to pay back the funds with interest on specific dates in the future
A) long-term equity B) long-term debt C) short-term debt D) short-term equity