Linear Programming to Produce an Aggregate Plan

question 12

Multiple Choice

Linear programming to produce an aggregate plan

• A)will produce the best plan if accurate inputs are used.
• B)is the most widely used technique.
• C)is easy to implement.
• D)will produce a plan that may not be the best plan.
• E)requires an Excel spreadsheet.

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Definitions:

Revenue Accounts

These accounts track the income earned by a company from its sales or services before any deductions are made.

Expense Accounts

Accounts used to track money spent or costs incurred by a business in its operational activities.

Capital Accounts

Accounts that represent the ownership interest of investors in a company or partnership's total capital.

Capital Balances

Refers to the amounts recorded in the equity section of a company's balance sheet, representing the funds contributed by owners plus retained earnings.