Which of the Following Is True About Generating Alternatives in Binary

question 16

Multiple Choice

Which of the following is true about generating alternatives in binary optimization?

• A)If the second-best solution is very close to optimal, it is always preferred over the true optimal solution because of factors outside the model.
• B)If alternative solutions exist, it would not help management because some factors that make one alternative are not preferred over the factors that make another alternative.
• C)If the solution is a unique optimal solution, it would be good for management to know how much worse the second-best solution is than the unique optimal solution.
• D)If any alternative solution exists, it would only be a second-best next to the optimal solution because there is no third-best or an alternative second-best solution to any binary integer programming problem.

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Definitions:

Financial Statements

Reports that provide detailed information about a company's financial status, including balance sheets, income statements, and cash flow statements.

Adjusted Trial Balance

A trial balance that reflects account balances after adjusting entries have been made for accruals, deferrals, and other financial events.

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year, calculated as current assets divided by current liabilities.

Current Liabilities

Obligations or debts that a company is expected to pay within one year or within its operating cycle.