If a Manufacturing Process Takes 3 Hours Per Unit of X

question 44

Multiple Choice

If a manufacturing process takes 3 hours per unit of x and 5 hours per unit of y and a maximum of 100 hours of manufacturing process time are available,then an algebraic formulation of this constraint is:

• A)
• \(3 x + 5 y \geq 100\)
• B)
• \(3 x - 5 y \leq 100\)
• C)
• \(3 x + 5 y \leq 100\)
• D)
• \(3 x - 5 y \geq 100\)

Recognize the importance and effects of international agreements on domestic and international business operations.

Evaluate the ethical and social considerations that influence legal decisions and laws.

Understand the processes involved in changing laws and the importance of legal compliance.

Distinguish between different types of law (e.g., common law, statutory law, administrative law) and their sources.

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Definitions:

Lower of Cost or Market

An accounting principle requiring inventory to be recorded at either its historical cost or its current market value, whichever is lower.

Inventory Valuation

The method used by businesses to assess their inventory's worth at the end of an accounting period, affecting financial statements and tax obligations.

Conservatism

An accounting principle that guides accountants to choose methods and assumptions that are least likely to overstate assets and income.

Distribution Costs

Expenses related to delivering goods from the manufacturer to the end consumer, including transportation and warehousing.