Tieton Ltd

question 28

Multiple Choice

Tieton Ltd. has two departments, Fabrication and Assembly. They produce 2 products. Product T needs 6 hours in fabrication and 6 hours in assembly. Product S needs 2 hours in fabrication and 4 hours in assembly. Fabrication has 24 hours available and Assembly 18. Total variable costs are $ 20 and $15 for T and S respectively. T sells for $22 and S for $16. The constraints for Tieton's 2 departments are

• A) 6T + 2S <= 24 AND 6T + 4S <= 18
• B) 6T + 2S <= 18 AND 6T + 4S <= 24
• C) 6T + 6S <= 24 AND 2T + 4S <= 18
• D) 6T + 6S <= 18 AND 2T + 4S <= 24

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Definitions:

Negotiable Instrument

A legal document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the payee able to transfer it to another holder.

Endorsement

A signature or stamp on a document or instrument that signifies approval, support, or transfer of rights.

Subsequent Holder

An individual or entity that obtains a negotiable instrument after its initial issuance, under certain conditions that preserve the instrument's negotiable status.

Indemnity

A primary obligation of a third party to pay a debt along with the debtor