A Linear Programming Model Must

question 124

Multiple Choice

A linear programming model must

• A)have only one objective function.
• B)have as many independent variables as it has constraint equations.
• C)have at least two dependent variables for each equation.
• D)consider only the constraints that can be expressed as inequalities.

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Definitions:

Operating Activity

Activities that relate directly to the primary business operations of a company, such as sales and service revenues and associated costs.

Financing Activities

Activities that result in changes in the size and composition of the equity capital and borrowings of the entity.

IFRS

International Financial Reporting Standards are a set of accounting standards developed by the International Accounting Standards Board (IASB) to guide companies and organizations in preparing financial statements globally.

Direct Method

A cash flow statement presentation that lists major classes of gross cash receipts and payments, giving a clear view of actual cash flows.