A Goal Programming Problem Had Two Goals (With No Priorities

question 80

Multiple Choice

A goal programming problem had two goals (with no priorities assigned) .Goal number 1 was to achieve a profit of $2,400 and goal number 2 was to have no idle time for workers in the factory.The optimal solution to this problem resulted in a profit of $2,300 and no idle time.What was the value for the objective function for this goal programming problem?

• A)2300
• B)100
• C)-100
• D)0

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Definitions:

Common Stock

Equity ownership in a corporation, with voting rights and potential dividends.

Accounts Payable

The sum of funds that a company is required to pay to its suppliers for goods and services obtained on credit.

Retained Earnings Account

An equity account that represents the cumulative earnings of a company that have not been distributed to shareholders as dividends.

Statement of Stockholders' Equity

A financial statement that shows changes in the value of a company's equity over a specific period, including stocks and retained earnings.