A Variable Added to the Left-Hand Side of a Less-Than-Or-Equal-To

question 6

Multiple Choice

A variable added to the left-hand side of a less-than-or-equal-to constraint to convert the constraint into an equality is a

• A)standard variable.
• B)slack variable.
• C)surplus variable.
• D)nonnegative variable.

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Definitions:

Plant Assets

Long-term tangible assets that are used in the operation of a business and are subject to depreciation, excluding land.

Unclassified Balance Sheet

A simplified financial statement that presents assets, liabilities, and equity without categorizing them into further subdivisions.

Classified Balance Sheet

A financial statement that segregates assets and liabilities into current and non-current categories, providing a detailed snapshot of a company's financial condition at a specific time.

Permanent Accounts

Permanent accounts are those ledger accounts whose balances are carried over from one accounting period to the next, including assets, liabilities, and equity accounts.