Which of the Following Best Defines Objective Functions

question 3

Multiple Choice

Which of the following best defines objective functions?

• A) They are limitations, requirements, or other restrictions that are imposed on any solution in an optimization model.
• B) They are quantities that an optimization model seeks to maximize or minimize.
• C) They are quantities for which no feasible solutions exist in an optimization model.
• D) They are unknown values that an optimization model seeks to determine.

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Definitions:

Investing Activities

Transactions and activities related to the acquisition and disposal of long-term assets and other investments not considered as cash equivalents.

Comparative Balance Sheets

Financial reports that compare the balance sheets of a company at two or more different points in time, to analyze trends or changes in financial position.

Cash Flows

The total amount of money being transferred in and out of a business, especially as affecting liquidity.

Equipment

Tangible, long-term assets used in the operation of a business, not intended for resale, such as machinery, office furniture, and computers.