Continuous Choice Variable

question 29

Multiple Choice

continuous choice variable

• A)must be continuously varied to attain the goal.
• B)can take on only special values between two end points.
• C)is in unconstrained but not constrained problems.
• D)all of the above
• E)none of the above

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Definitions:

Assets

Resources owned by a business or individual that have economic value and can contribute to future profits.

Excess Capacity

A situation in which a company can produce more goods or services than the market demands, often leading to idle resources or reduced production rates.

Efficient

The quality of achieving maximum productivity with minimum wasted effort or expense.

Cycle Inventory

Inventory that is held to manage the normal fluctuation of production or supply and demand, rotating through cycles of replenishment.