For a Maximization Problem,the Conservative Approach Is Often Referred to as the

question 25

Multiple Choice

For a maximization problem,the conservative approach is often referred to as the

• A)minimax approach
• B)maximum approach
• C)maximax approach
• D)minimin approach

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Definitions:

Donee Beneficiary

A donee beneficiary is a third party who benefits from a contract made between two other parties, where the intent is to gift the benefits of the contract to this third party.

Incidental Beneficiary

A third party who benefits from a contract incidentally but has no legal right to enforce the contract or claim damages.

Creditor Beneficiary

A third party who benefits from a contract in which the promisor agrees to pay the promisee’s debt.

Public Policy

General principles or ideologies that guide the creation of laws and the operation of government, reflecting the societal values and norms.