Binary Decision Variables

question 72

Multiple Choice

Binary decision variables:

• A) are either 0 or 1
• B) must be integers
• C) may be continuous
• D) may be negative

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Definitions:

Collection Agency

A business that pursues payments of debts owed by individuals or businesses.

Garnishment of Wages

A legal process where a portion of an individual's earnings is withheld by an employer for the payment of a debt.

Consumer Protection Legislation

Laws and regulations designed to ensure fair trade competition and the free flow of truthful information in the marketplace, protecting consumers from fraudulent or unfair practices.

Credit Charges

Fees or interest rates applied to the balance of borrowed funds or extended credit.