Which of the Following Statements Is Incorrect

question 38

Multiple Choice

Which of the following statements is incorrect?

• A)A global optimum is a local optimum in a nonlinear optimization problem.
• B)A local maximum is a global maximum in a concave nonlinear optimization problem.
• C)A global minimum is a local minimum in a convex nonlinear optimization problem.
• D)A local optimum is a global optimum in a nonlinear optimization problem.

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Definitions:

Idle Capacity

The unused portion of a company's production or service potential, often resulting in inefficiencies and increased costs.

Activity-Based Costing

A costing method that assigns costs to products or services based on the activities they require, aiming to provide more accurate product cost information.

Machine-Hours

A unit of measure representing the operating time of a machine, used in allocating costs to products based on machine usage.

First Stage Allocations

In managerial accounting, it refers to the process of allocating overhead costs initially to various departments or cost pools.