Case-Based Critical Thinking Questions

question 116

Multiple Choice

Case-Based Critical Thinking Questions
Case 10-2
As you begin to work with Solver,you have questions so you turn to your roommate,Barat,who you know is an expert in its usage.
-Barat explains to you that if you want to use Solver to maximize a company's net income,this cell is what kind of cell?

• A) goal cell
• B) objective cell
• C) changing cell
• D) constraint

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Definitions:

Inventory

Items, such as raw materials, work-in-progress, and finished goods, that a company holds with the intention of selling them.

Operating Activities

Day-to-day business functions and transactions that affect a company's net income, primarily revenue and expense activities.

Net Income

The amount of money that remains after subtracting all expenses, taxes, and costs from total revenue.

Cash Dividends

Payments made by a corporation to its shareholder members. It is the share of profits distributed.