An Optimization Analysis Finds the Optimum Value for a Target

question 370

Multiple Choice

An optimization analysis finds the optimum value for a target variable by repeatedly changing other variables, subject to specified constraints. What can a manager determine by changing revenue and cost variables in an optimization analysis?

• A)Calculate the highest potential profits
• B)Calculate employee benefit payments
• C)Use this as an extension for a digital dashboard
• D)Create production schedules

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Definitions:

Impulsive

Acting or done without careful consideration of the possible consequences; driven by immediate desires.

Generalized Other

A concept in sociology that represents the general expectations of society that individuals take into account when shaping their behavior.

Significant Others

People who play important roles in the early socialization experiences of children.