Prudence Corporation Manufactures Two Products: X and Y Which of the Following Is Prudence's Objective Function?
A) Maximize

question 39

Multiple Choice

Prudence Corporation manufactures two products: X and Y. The company has 4,000 hours of machine time available and can sell no more than 800 units of product X. Other pertinent data follow. $\begin{array}{lrr}&\text { Product X }&\text { Product Y }\\\text { Selling price } & \$ 8.00 & \$ 19.00 \\\text { Variable cost } & 3.00 & 5.00 \\\text { Fixed cost } & 3.50 & 6.25 \\\text { Machine time per unit } & 2 \text { hours } & 3 \text { hours }\end{array}$ Which of the following is Prudence's objective function?

• A) Maximize Z = 2X + 3Y.
• B) Maximize Z = 8X + 19Y.
• C) Maximize Z = 5X + 14Y.
• D) Maximize Z = 1.50X + 7.75Y.
• E) Minimize Z = 6.50X + 11.25Y.

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Definitions:

Planning

The process of setting goals, defining strategies for achieving those goals, and developing plans to integrate and coordinate activities.

Coordination

The process of organizing people or groups so that they work together properly and well, essential for achieving goals and efficiently managing resources.

Flexibility

The ability of an organization or individual to adapt to changes and new demands in their environment effectively.

Planning

The process of outlining a sequence of actions to achieve specific goals or objectives.