Multiple Choice questions: 1. Ann Chovies, owner of the Perfect Pasta Pizza Parlor, uses 20 pounds of
Question:
Multiple Choice questions:
1. Ann Chovies, owner of the Perfect Pasta Pizza Parlor, uses 20 pounds of pepperoni each day in preparing pizzas. Order costs for pepperoni are $10.00 per order, and carrying costs are 4 cents per pound per day. Lead time for each order is 3 days, and the pepperoni itself costs $3.00 per pound. [Answer the following questions]
What is the economic order quantity for pepperoni?
A. 20 pounds
B. 40 pounds
C. 60 pounds
D. 80 pounds
E. 100 pounds
2. The region which satisfies all of the constraints in graphical linear programming is called the:
A. optimum solution space
B. region of optimality
C. lower left hand quadrant
D. region of non-negativity
E. feasible solution space
3. In graphical linear programming the objective function is:
A. linear
B. a family of parallel lines
C. a family of iso-profit lines
D. all of the above
E. none of the above
4. For the constraints given below, which point is in the feasible solution space of this maximization problem?
A. x = 1, y = 5
B. x = -1, y = 1
C. x = 4, y = 4
D. x = 2, y = 1
E. x = 2, y = 8
5. Which of the choices below constitutes a simultaneous solution to these equations?
A. x = 2, y = .5
B. x = 4, y = -.5
C. x = 2, y = 1
D. x = y
E. y = 2x
Cornerstones of Financial and Managerial Accounting
ISBN: 978-1111879044
2nd edition
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen