Which of the Following Statements Is Not Correct

question 127

Multiple Choice

Which of the following statements is not correct?

• A) A function with multiple variables can be linear.
• B) If a constraint is violated, then the problem is infeasible.
• C) A Linear Program as described in Supplement B can have more than one objective function if it has only one constraint.
• D) Non-negativity constraints should be added to Linear Programs when the decision variable represents units of production.
• E) An unbounded solution to a mathematical program may occur if there is not a constraint stopping the objective function value from continuing towards -∞.

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Definitions:

Inventory Levels

The quantity of products or materials a company has in stock at any given time.

Physical Inventory

The process of counting by hand all physical inventory items in a business at a specific point in time, to ensure accuracy of accounting records.

LIFO

"Last In, First Out," an inventory valuation method where the last items purchased are the first ones sold.

Inventory Profits

The increase in inventory value above its cost, typically due to price increases or valuation adjustments.