Riverside Industries Makes Two Products and Each Product Is Processed

question 43

Multiple Choice

Riverside Industries makes two products and each product is processed in three departments. The time requirements for each product in each department are given below. The profit for each product is also provided as well as the available hours in each department.
$$\begin{array} { c c c c c } \text { Product } & \text { Department A } & \text { Department B } & \text { Department C } & \text { Profit } \\\mathbf { 1 } & 3 & 4 & 2 & 1 \\\mathbf { 2 } & 2 & 1 & 2 & 2\\Available~ Hours&600&400&400\end{array}$$ Management wants to achieve three goals. The first two goals are equal in priority.
Priority 1: Produce at least 125 units of product 1.
Priority 1: Produce at least 80 units of product 2.
Priority 2: Achieve a profit of at least 300.
-Goal programming solutions achieve the ________ satisfactory solution possible.

• A) best or most
• B) worst or least
• C) only
• D) somewhat

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Definitions:

Balanced Scorecard

A system for strategic planning and management designed to synchronize business actions with the organization's strategy and vision, bolster communication within and outside the organization, and oversee the performance of the organization in relation to its strategic targets.

Organizations

Entities composed of individuals working together to achieve specific goals or objectives.

Implement

To put into action; execute a plan or procedure.