Applications of Assignment Problems May Include

question 37

Multiple Choice

Applications of assignment problems may include:

• A)matching personnel to jobs
• B)assigning machines to tasks
• C)designing bussing routes
• D)a and b only
• E)All of the above

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Definitions:

Investment

The allocation of resources, such as capital or time, with the expectation of generating an income or profit.

Absorption Costing

An accounting method that includes all manufacturing costs, both direct and indirect, in the cost of a product.

Markup

The amount added to the cost of merchandise to arrive at the selling price, usually expressed as a percentage of the cost.

Selling Price

The amount of money a buyer pays to acquire a product or service from a seller.