What Is Optimization

question 60

Multiple Choice

What is optimization?

• A)a statement about what will happen or might happen in the future; for example, predicting future sales or employee turnover
• B)a statistical process that finds the way to make a design, system, or decision as effective as possible; for example, finding the values of controllable variables that determine maximal productivity or minimal waste
• C)predictions based on time-series information
• D)a statistical process for estimating the relationships among variables

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Definitions:

Fair Values

The monetary amount expected from selling an asset or required to cover a liability, in a well-organized deal among market stakeholders, at the time of assessment.

Control

The power to govern the financial and operating policies of an organization so as to obtain benefits from its activities.

Investee

A company or entity in which an investor holds an interest, typically through ownership of shares.

Acquisition Cost

The total cost associated with acquiring an asset or investment, including the purchase price and all related expenses.