A Linear Programming Application Used to Measure the Relative Efficiency

question 14

Multiple Choice

A linear programming application used to measure the relative efficiency of operating units with the same goals and objectives is

• A)game theory.
• B)asset allocation.
• C)data envelopment analysis.
• D)revenue management.

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Definitions:

Proletariat

Refers to the class of wage-earners, especially industrial workers, who do not own the means of production and whose only means of subsistence is to sell their labor.

Party

A social gathering of invited guests, typically involving eating, drinking, and entertainment or a political organization competing for power.

Causal Thinking

involves understanding the cause-effect relationship between two events or situations, believing one event is the result of the occurrence of the other event.

Value Rationality

A concept in sociology and economics that refers to behavior motivated by a consistent set of ethical or ideological beliefs, as opposed to actions motivated by ends-means calculations.