The Slack Value for Binding Constraints Is

question 31

Multiple Choice

The slack value for binding constraints is

• A)always a positive integer.
• B)zero.
• C)a negative integer.
• D)equal to the sum of the optimal points in the solution.

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Definitions:

Labor Standards

The established amount of time required to perform a specific task or job, used in planning and evaluating labor efficiency.

Particular Product

A specific item or type of product that is distinct or unique in some way from other products.

Labor Rate Variance

The difference between the actual hourly wage paid to workers and the expected (or standard) wage.

Direct Labor Standard

A benchmark for the amount of labor time that should be consumed in the production of a good or service, used for costing and efficiency analysis.