If Refers to the Number of Hours Employee

question 30

Multiple Choice

If refers to the number of hours employee works in week ,then to indicate that the number of working hours of 4 employees in week 3 should not exceed 160 hours,we must have a constraint of the form

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Definitions:

Annual Interest Rate

The percentage rate at which interest is charged or paid on an amount over a year.

Inflation

Refers to the rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling.

Purchasing Power

The worth of currency measured by how many goods or services can be purchased with one unit of it.

Deflation

A decrease in the general price level of goods and services, often leading to an increase in the real value of money.