______ Is a Technique Used to Optimize an Objective (Such

question 67

Multiple Choice

______ is a technique used to optimize an objective (such as maximizing profits or minimizing costs) under certain constraints,such as availability of resources.

• A)Integer programming
• B)Assignment method
• C)Linear programming
• D)Work-flow optimization

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Definitions:

Journal Entry

A record in accounting that logs a business transaction and its effects on various accounts in the double-entry bookkeeping system.

Work in Process Inventory

Goods partially completed by a company but not yet ready for sale, often including raw materials, labor, and overhead costs.

Direct Materials Inventory

An account used to track the cost of raw materials not yet used in production.

Direct Labor Costs

Expenses that can be directly tied to the production of specific goods or services, such as wages of workers.