Select the three steps (in the proper order) that are used to solve a linear programming problem.
1.
Determine the objective function
2.
Specify the constraints
3.
Compute the optimal solution
How might the optimal solution of a linear programming problem be determined?
Select two methods.

Chapter 21
"Capital budgeting has the same focus as accrual accounting." Do you agree? Explain.

List and briefly describe each of the five stages in capital budgeting.
Begin by listing the five stages in capital budgeting and then briefly describe each stage.
Stage
1. Identification
2. Information-acquisition
3. Forecasting
4. Evaluation

5.
Financing, implementation, control
Description as it relates to capital budgeting
Determine capital investments available to accomplish organization objectives, strategies.

What is the essence of the discounted cash flow methods?

"Only quantitative outcomes are relevant in capital budgeting analyses." Do you agree? Explain.

How can sensitivity analysis be incorporated in DCF analysis?