A Linear Programming Problem Can Have

question 35

Multiple Choice

A linear programming problem can have

• A)no more than three resource constraints.
• B)only one objective function.
• C)no more than two dependent variables for each constraint equation.
• D)no more than three independent variables.

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Definitions:

Fairness of the Bargain

The equitableness or justness of the terms agreed upon in a contractual agreement.

Lawful Purpose

A lawful purpose is an action, contract, or transaction that is not in violation of any legal statutes or regulations.

Quantum Meruit

Quantum meruit is a legal principle allowing a party to recover the reasonable value of services provided, even in the absence of a formal contract.

Promissory Estoppel

A legal doctrine preventing a person from going back on a promise, even if it was made without formal consideration, when others have relied on that promise to their detriment.