In Linear Programming, the Objective Function Is Typically Based On

question 54

Multiple Choice

In linear programming, the objective function is typically based on:

• A) the selling price of the products.
• B) the variable cost of the products.
• C) the full cost of the products.
• D) the contribution margin of the products.

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Definitions:

Ethical Development

The process of developing and understanding moral principles that govern a person's behavior or conducting of an activity.

Conventional

Based on or in accordance with what is generally done or believed.

Preconventional

A stage in moral development characterized by behavior driven by the desire to avoid punishment and seek personal gain, typically seen in young children.

Social Responsibility

Business’s consideration of society’s well-being and consumer satisfaction, in addition to profits.