In a BIP Problem,1 Corresponds to a Yes Decision and 0

question 16

Multiple Choice

In a BIP problem,1 corresponds to a yes decision and 0 to a no decision.If there are 4 projects under consideration (A,B,C,and D) and at most 2 can be chosen then the following constraint needs to be added to the formulation:

• A)A+ B + C + D \(\le\) 1.
• B)A+ B + C + D \(\le\) 2.
• C)A+ B + C + D \(\le\) 4.
• D)A+ B + C + D = 2.
• E)None of the above.

---

Definitions:

Periodic System

An inventory accounting system where updates to inventory levels and cost of goods sold are made at the end of an accounting period.

Purchase Discounts

Reductions in the price of goods purchased, usually as a reward for early payment to the supplier.

Freight-In

The cost associated with getting inventory to a business, usually included in the cost of goods sold.

GAAP

The collection of standard accounting practices widely recognized for financial reporting is called Generally Accepted Accounting Principles.