To Convert ≤ Constraints into = Constraints the Simplex Method

question 72

Multiple Choice

To convert ≤ constraints into = constraints the Simplex method adds what type of variable to the constraint?

• A) slack
• B) dummy
• C) redundant
• D) spreading

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Definitions:

Financial Statements

Reports that summarize the financial performance and position of a company, including the balance sheet, income statement, and cash flow statement.

Trial Balance

A bookkeeping report that lists the balances of all ledgers and accounts to check that debits equal credits.

Adjusted Trial Balance

A trial balance prepared after all adjustments for accrued, deferred, and estimated items have been posted, showing the balances of all accounts that will be used to prepare the financial statements.

Income Statement

A financial statement that shows a company's revenues, expenses, and net income over a specific period of time.