The Simplex Method Is the Standard Procedure for Solving Linear

question 21

Multiple Choice

The simplex method is the standard procedure for solving linear programming problems with any number of decision problems because:

• A)it is an efficient procedure
• B)spreadsheets are not always available
• C)it provides the information necessary for what-if analysis
• D)a and b only
• E)a and c only

---

Definitions:

R

Often used as a symbol representing the interest rate or rate of return in financial equations.

Budgeted Sales

The projected amount of sales revenue a company expects to earn over a specific period, often used for planning purposes.

Actual Sales

The real revenue generated from goods or services sold, measured within a specific period.

Implied Value

a value that is not directly stated but can be derived from given information through analysis or calculation.