A Goal Programming Problem Had Two Goals (With No Priorities

question 10

Multiple Choice

A goal programming problem had two goals (with no priorities assigned) .Goal number 1 was to achieve a profit of $3,600 and goal number 2 was to have no wasted material.The optimal solution to this problem resulted in a profit of $3,300 and no wasted material.What was the value for the objective function for this goal programming problem?

• A)300
• B)-300
• C)3300
• D)0

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Definitions:

Fees Earned

Revenue generated from professional services provided, often used in accounting for law firms, consulting businesses, and other service providers.

Cash

Money in the form of bills or coins, immediately available for transactions or expenditure.

Accounts Receivable

Accounts receivable from clients for merchandise or services supplied but payment not received.

Unearned Revenue

Money received by a company for goods or services yet to be provided, recorded as a liability on the balance sheet until earned.