Which Algorithm, Developed by George Dantzig and Utilized by Excel

question 28

Multiple Choice

Which algorithm, developed by George Dantzig and utilized by Excel Solver, is effective at investigating extreme points in an intelligent way to find the optimal solution to even very large linear programs?

• A)The ellipsoidal algorithm
• B)The complex algorithm
• C)The trial-and-error algorithm
• D)The simplex algorithm

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Definitions:

Fixed Cost

Costs that do not change with the level of output or activity in the short term, such as rent, insurance, and salaries of permanent staff.

Product

Any good, service, or idea that can be offered to a market to satisfy a want or need.

Contribution Approach

An income statement format that organizes costs by their behavior. Costs are separated into variable and fixed categories rather than being separated into product and period costs for external reporting purposes.

External Reporting

The process of preparing and disclosing financial statements and other reports to entities outside of the corporation, such as investors and regulatory bodies.