Jack Knows How to Use Word Processors, Spreadsheets, and Presentation

question 20

Multiple Choice

Jack knows how to use word processors, spreadsheets, and presentation software. He also has a basic knowledge of hardware, software, and the Internet. Given this information, it can be concluded that Jack has _____ literacy.

• A)network
• B)computer
• C)information
• D)business

Identify and formulate objective functions for optimization problems.

Develop constraints for optimization modeling to reflect real-world limitations.

Utilize solver software to identify optimal solutions to given problems.

Interpret solver output to make decision recommendations.

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Definitions:

Crude Oil

A naturally occurring, unrefined petroleum product composed of hydrocarbon deposits and other organic materials, used as a fuel and raw material in chemical industries.

Opportunity Cost

Surrendering the chance for gains from other choices by opting for one path.

Machinery

Equipment, especially of a mechanical nature, used in the production process of goods.

Petroleum

A liquid that occurs naturally under the surface of the Earth, which can be processed into fuel and a range of chemical products.