Four Products (1, 2, 3, and 4) Must Be Processed

question 57

Multiple Choice

Four products (1, 2, 3, and 4) must be processed on one of the four machines (A, B, C, and D) . The times required in minutes for each product on each machine are shown below: If management wishes to assign products to machines so that the total time to complete all the products is minimized, then Product 3 is assigned to

• A) machine A.
• B) machine B.
• C) machine C.
• D) machine D.

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Definitions:

Expiration Date

Refers to the date on which a derivative contract (such as options or futures) ceases to exist and its right to execute is no longer valid.

Exercise Price

The exercise price is the price at which an option holder can buy (call option) or sell (put option) an underlying asset or security.

Call Option

An agreement in finance that allows the owner the option, but not the requirement, to purchase a stock, bond, commodity, or different asset at a determined price during a defined timeframe.

Writer

In the context of options, the seller of an option contract who is obligated to meet the terms of the contract if the option is exercised.