A Basic Feasible Solution Is a Basic Solution That

question 33

Multiple Choice

A basic feasible solution is a basic solution that

• A)also satisfies the nonnegativity conditions.
• B)contains 0 variables.
• C)corresponds to no extreme points.
• D)None of these are correct.

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Definitions:

Accrual Basis Accounting

Revenues are recognized when goods and services are provided to customers, and expenses are recognized in the same period as the revenues to which they relate, regardless of when cash is received or paid.

Revenues

The total amount of money received or expected to be received by a company from its business activities, such as the sale of goods or services, before any expenses are deducted.

Expenses

Costs incurred in the process of earning revenue; general operational costs of a business.

Operating Revenue

Revenue earned from a company’s primary business activities, excluding items like investment revenue.