In a Linear Programming Problem Involving Minimization, at Least One

question 27

Multiple Choice

In a linear programming problem involving minimization, at least one constraint must be of the __________ type.

• A) less than or equal
• B) integer
• C) greater than or equal
• D) binary
• E) slack

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Definitions:

Cost Of Goods Manufactured

The total production cost of goods completed during a specific accounting period, including labor, materials, and overhead.

Automated

Refers to a method or process completed with minimal human intervention, often using digital or mechanical systems.

Cost Structure

The composition and proportion of fixed and variable costs that a business incurs, influencing its profitability and pricing strategies.

Variable Costs

Expenses that adjust in proportion to the amount of production or the intensity of business operations.