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:

Social Conditions

Circumstances and factors that affect the social well-being and quality of life of individuals or communities, including health, education, and income.

Benzodiazapines

A class of psychoactive drugs known as tranquilizers, used mainly to treat anxiety, insomnia, and seizures.

Side Effects

Unintended reactions or consequences, often negative, occurring in addition to the desired effect of a medication or treatment.

Freud

Sigmund Freud, an Austrian neurologist and the founder of psychoanalysis, a method for treating psychopathology through dialogue between a patient and a psychoanalyst.