Organisations Face Decision-Making Environments for All Types of Problems That

question 74

Multiple Choice

Organisations face decision-making environments for all types of problems that require optimisation techniques.Under which circumstances might a manager use optimisation techniques?

• A)To help them decide which combination of projects a firm should invest in
• B)To help in investment trading decisions
• C)To determine the optimal configuration of fibre-optic cable in a network that may include many thousands of connection points
• D)All of the above are appropriate environments for use of optimisation techniques
• Organisations face decision-making environments for all types of problems that require optimisation techniques, such as the following.
• • Business executives use genetic algorithms to help them decide which combination of projects a firm should invest in, taking complicated tax considerations into account.
• • Investment companies use genetic algorithms to help in trading decisions.

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Definitions:

Licensing Fees

Payments made by a user to an owner for the right to use intellectual property, such as patents, trademarks, or copyright material.

Ability-To-Pay Principle

A principle of taxation asserting that taxes should be levied according to an individual’s or entity’s capacity to pay.

Federal Employees

Individuals who work for the government of a federal state and are often subject to specific employment and benefits regulations.

National Defense

Governmental activities and military efforts aimed at protecting a nation against threats to its security and sovereignty.