The Two Fundamental Approaches to Constrained Allocation Problems Are __________

question 44

Multiple Choice

The two fundamental approaches to constrained allocation problems are __________.

• A)heuristic approaches and rules of thumb
• B)linear programming approaches and optimization models
• C)heuristic approaches and optimization models
• D)goal programming and trial and error

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Definitions:

Assignment

The transfer of rights, property, or responsibilities from one party to another.

Factoring Of Receivables

The sale of a business's accounts receivable to a third party, at a discount, for immediate cash.

Accounts Receivable Period

The typical duration for an enterprise to gather owed payments from its customers.

Sale Of Inventory

The process of selling the goods that a business has produced or bought to its customers.