Manders Manufacturing Corporation Uses the Following Model to Determine an Optimal

question 36

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 two inequality functions in the above set of items represent:

• A) Contribution margin functions.
• B) Shadow points.
• C) Objective function coefficients.
• D) Resource constraints.
• E) Sensitivity functions.

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Definitions:

Team Performance

The level of productivity, efficiency, and effectiveness achieved by a group of individuals working together towards common goals or tasks.

Merit Pay

Is pay awarded to employees on the basis of the relative value of their contributions to the organization.

Relative Value

The importance or worth of something in comparison to other items, based on its utility, rarity, or desirability.

Sales Commission

A sales commission is an incentive paid to salespeople.