In Linear Programming, the Goals of Management Are Expressed in

question 13

Multiple Choice

In linear programming, the goals of management are expressed in

• A)an objective function.
• B)constraints.
• C)operating policies.
• D)business functions.
• E)a mathematical inequality or equality.

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Definitions:

Nominal Characteristic

A qualitative attribute of data that categorizes but does not imply any quantitative ordering or measure.

Nominal Variables

Factors that denote classifications without any inherent hierarchy or sequence.

Dummy Variables

Binary variables created to represent categorical data in order to use such variables in regression analysis.

Nominal Variable

A type of categorical variable for which there is no inherent order or ranking among the categories.