For a Company That Makes Short-Term Loans,20 Minutes Are Required

question 37

Multiple Choice

For a company that makes short-term loans,20 minutes are required to review the loan,and 30 minutes to check credit; 10 employees who can check credit and 5 employees who can review loans are available,and it costs $50 for each loan.Which of the following would be included in the objective function?

• A)The 20 minutes to review
• B)The 30 minutes to credit check
• C)10 employee credit checkers
• D)5 employee reviewers
• E)$50 loan cost

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Definitions:

Effective Teams

Groups of individuals working together efficiently to achieve a common goal through collaboration, clear communication, and complementary skill sets.

Clear Objective

A specific, defined goal that is straightforward and easy to understand, guiding actions and decisions.

Competitive Relationships

Dynamics between entities (such as companies or individuals) in which they vie against each other to achieve superiority or dominance in a certain area.

Extranet

A controlled private network that allows access to partners, vendors, or selected customers, extending certain privileges of the company's intranet.