Reference no: EM132183078
1. for a multinational enterprise operating and selling in multiple foreign markets, a specific product should be indistinguishable in quality regardless from which location it was manufactured or sold. Professor Banescu referred to this as the:
a. Ultimate Test of Marketing
b. Ultimate Test of Operations
c. Ultimate Test of Marketing
d. Ultimate Test of Quality
e. Ultimate Test of Imports
2. The following is true when one encounters an infeasible problem.
A. For well-posed problems, the formulation is correct.
B. The infeasibility depends solely on the constraints and not on the objective function.
C. At least one of the variables will have an optimal value of infinity.
D. All of the above.
3. An increase in price with everything else remaining constant,
A. Decreases the break-even point.
B. Raises the break-even point.
C. Keeps the break-even point at the same level.
D. Does not affect the level of the break-even point.
4. Decision variables in the linear programming model
A, Are the constant values in the objective function.
B. Measure how much or how many items to produce, purchase, hire, etc.
C. Are the constant values in the constraints.
D. None of the above.
5. The existence of more than one optimal solution means that
A. The problem was not formulated correctly.
B. The slope of the objective function contour and one of the active constraints are the same.
C. The graph was not drawn correctly.
D. None of the above.