Which of the Following Statements Is Not Correct? Linear Programming

question 29

Multiple Choice

Which of the following statements is not correct? Linear programming is a technique designed to recognise specifically that:

• A) the choice of the optimal mix involves a cost-benefit trade-off.
• B) firms will focus on the products with the highest contribution margin.
• C) there may be more than one production constraint.
• D) products compete with each other for limited resources.

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Definitions:

Strikes

Work stoppages initiated by employees to press for better wages, conditions, or other labor issues.

Union Membership

The status of being a member of a labor union, which is an organization that represents the collective interests of workers in negotiations with employers over wages, benefits, and working conditions.

Unionization Rate

The proportion of workers in a workforce or industry that are members of a labor union, reflecting organized labor's prevalence.

Industrial Nations

Countries with developed economies characterized by significant industrial activity, high standards of living, and advanced technological infrastructure.