Manders Manufacturing Corporation Uses the Following Model to Determine an Optimal

question 66

Multiple Choice

Manders Manufacturing Corporation uses the following model to determine an optimal short-term product mix for its two products, metal (M) and scrap metal (S) :
Max Z = $30M + $70S
Where: 3M + 2S ≤ 15
2M + 4S ≤ 18
The above mathematical functions together constitute a(n) :

• A) Simulation model.
• B) Linear programming model.
• C) Economic order quantity model.
• D) Multivariate regression model.
• E) Nonlinear optimization model.

---

Definitions:

Cash Provided

The amount of cash generated through operating, investing, or financing activities over a specific time period.

Operations

Refers to the day-to-day activities involved in running a business or manufacturing process, including production, purchasing, human resources, and logistics.

Statement of Cash Flows

A financial statement that shows how changes in balance sheet accounts and income affect cash and cash equivalents, breaking the analysis down to operating, investing, and financing activities.

Retained Earnings Statement

A financial statement that shows the amounts and causes of changes in retained earnings for a specific period.