Which Is Usually NOT a Common Practice in Taking a Physical

question 29

Multiple Choice

Which is usually NOT a common practice in taking a physical inventory?

• A) Taking inventory during slow store hours
• B) Hiring an outside firm
• C) Taking inventory during the November and December holidays
• D) Taking inventory in team of two persons
• E) Having prewritten instructions

Grasp fundamental steps involved in building linear optimization models.

Understand potential outcomes of a linear optimization model, including unboundedness and infeasibility.

Recognize the significance of reduced cost and shadow prices in linear optimization models.

Understand the concept of shadow prices and their utility in managerial decision-making.

---

Definitions:

TPS

Transaction Processing System, a type of information system that collects, stores, modifies, and retrieves the transactions of an organization.

ES

Enterprise Systems, large-scale software packages that support business processes, information flows, reporting, and data analytics in complex organizations.

DSS

Decision Support System, a computerized program used to support decision-making activities in an organization.

Batch Processing

Transaction processing system (TPS) that processes data in batches at fixed periodic intervals.