What Is Data Envelopment Analysis

question 52

Multiple Choice

What is Data Envelopment Analysis?

• A)A linear programming based approach to determine the relative efficiency of entities with similar goals and objectives.
• B)A decision support system that envelops the entire manufacturing and shipping process into an integrated system.
• C)An integer linear programming technique involving solving a series of linear programming models and using the solutions as bounds on the integer solution.
• D)A form of sensitivity analysis that allows the simultaneous changing of multiple decision variable values.

Differentiate between foreign currency forward contracts and option contracts, including their respective accounting treatments.

Understand how to calculate the impact of exchange rate changes on the financial statements of companies engaged in foreign transactions.

Identify the components of, and prepare, journal entries related to foreign currency transactions and adjusting entries at year end.

Determine the correct reporting of inventory and cash balances affected by foreign currency translation in the balance sheet.

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Definitions:

Explicit And Implicit Coercion

Refers to the overt and subtle ways in which individuals or groups may be forced or pressured into behaving in certain ways.

Desirable Consequences

Positive outcomes or benefits that result from a particular action or set of actions.

Proposed Changes

Suggestions or plans put forward for consideration or action to modify or alter existing methods, processes, or structures.

Shared Power

A management and organizational principle where decision-making authority is distributed among various levels of the organization.