Cully Furniture Buys Two Products for Resale: Big Shelves (B)

question 9

Multiple Choice

Cully Furniture buys two products for resale: big shelves (B) and medium shelves (M) . Each big shelf costs $500 and requires 100 cubic feet of storage space, and each medium shelf costs $300 and requires 90 cubic feet of storage space. The company has $75,000 to invest in shelves this week, and the warehouse has 18,000 cubic feet available for storage. Profit for each big shelf is $300 and for each medium shelf is $150. What is the objective function?

• A) MAX Z = $300 B + $100 M
• B) MAX Z = $300 M + $150 B
• C) MAX Z = $300 B + $150 M
• D) MAX Z = $300 B + $500 M

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Definitions:

Attributes

Characteristics or qualities that are inherent in or ascribed to someone or something.

Knowledge

Information, understanding, or skills acquired through experience or education; the theoretical or practical understanding of a subject.

Resource-Based View

A strategic management perspective that considers a firm's internal capabilities and resources as the primary determinants of its competitive advantage.

HR Practices

Human Resources (HR) practices encompass the strategies, methods, and policies used to manage and support the workforce in an organization.