Riker Cois Considering Which of 4 Different Projects to Undertake in in Order

question 16

Multiple Choice

Riker Co.is considering which of 4 different projects to undertake in order to maximize its net present value (NPV) .Define Xi as a binary variable that equals 1 if project i is undertaken and 0 otherwise,for i = 1,2,3,4.The NPV and required capital (in millions) for each project are listed below.
What is the proper objective function?

• A)Max X1 + X2 + X3 + X4
• B)Min 60X1 + 50X2 + 40X3 + 20X4
• C)Max 60X1 + 50X2 + 40X3 + 20X4
• D)Max 7X1 + 10X2 + 6X3 + 3X4
• E)Max 170(X1 + X2 + X3 + X4)

Acknowledge the utilization of brain imaging technologies in understanding the biological basis of behavior.

Recognize the importance of sample representativeness and random sampling in survey research.

Appreciate the ethological approach in studying behavior in natural contexts to minimize observation effects.

Understand the components and importance of time series in forecasting.

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Definitions:

Structural Functionalism

A sociological perspective that views society as a complex system whose parts work together to maintain stability and social order.

Structures of Society

The complex framework of social institutions, organizations, norms, and values that shape social interactions and the functioning of a society.

Anomie

A condition of society in which there is a breakdown of social norms and values, leading to a state of normlessness.

Cultural Standards

Norms and values that are widely held and practiced by a culture, guiding behavior and social expectations.