The Maximization or Minimization of a Quantity Is the

question 20

Multiple Choice

The maximization or minimization of a quantity is the

• A) goal of management science.
• B) decision for decision analysis.
• C) constraint of operations research.
• D) objective of linear programming.

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Definitions:

Contracts

Legally binding agreements between two or more parties that establish obligations which are enforceable by law.

Intended Beneficiary

An intended beneficiary is a person or entity that a contract explicitly states will benefit from its execution or terms.

Incidental Beneficiary

A third party who benefits from a contract between two other parties, although the benefit was not the reason the contract was formed and does not have rights to enforce the contract terms.

Courts

The institutions where legal disputes are heard and decided by a judge or a jury, ranging from local to federal levels.