HW_2-w10 - BUS 104 Homework #2 Student Name (print): _...

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BUS 104 Homework #2 Student Name (print): ______________________ Section #: ______________________ Note: There are 14 multiple choice questions, each worth 1 point, and two problem solving questions, each worth 10 points.
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Name: ________________________ Class: ___________________ Date: __________ ID: A 1 HW#2 Multiple Choice Identify the choice that best completes the statement or answers the question. ____ 1. What are the three common elements of an optimization problem? a. objectives, resources, goals. b. decisions, constraints, an objective. c. decision variables, profit levels, costs. d. decisions, resource requirements, a profit function. ____ 2. A set of values for the decision variables that satisfy all the constraints and yields the highest objective function value is a. a feasible solution. b. an optimal solution. c. a corner point solution. d. both a and c. ____ 3. Limited resources are modeled in optimization problems as a. an objective function. b. constraints. c. decision variables. d. alternatives. ____ 4. The desire to maximize profits is an example of a(n) a. decision. b. constraint. c. objective. d. parameter. ____ 5. A greater than or equal to constraint can be expressed as a. f(X 1 , X 2 , . .. , X n ) b. b. f(X 1 , X 2 , . .. , X n ) b. c.
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This note was uploaded on 04/30/2010 for the course BUS 104 taught by Professor Hamouda during the Spring '08 term at UC Riverside.

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HW_2-w10 - BUS 104 Homework #2 Student Name (print): _...

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