Question: 18. Linear programming (Solver in Excel) is useful for determining the optimal product mix for maximizing profitability when multiple constraints exist. a. True b. False

18. Linear programming (Solver in Excel) is useful for determining the optimal product mix for maximizing profitability when multiple constraints exist.

a. True b. False

19. Value Stream Mapping: A lean manufacturing or lean enterprise technique used to document, analyze and improve the flow of information or materials required to produce a product or service for a customer. The objective is to identify value and non-value added activities and eliminate waste and inefficiency.

a. True b. False

20. Goal Seek (in Excel) is a useful "what-if" analysis tool that allows the user to use the desired result of a formula to find the possible input value necessary to achieve that result. a. True b. False

18. Linear programming (Solver in Excel) is useful for determining the optimal product mix for maximizing profitability when multiple constraints exist. a. True b. False 19. Value Stream Mapping: A lean manufacturing or lean enterprise technique used to document, analyze and improve the flow of information or materials required to produce a product or service for a customer. The objective is to identify value and non-value added activities and eliminate waste and inefficiency. a. True b. False 20. Goal Seek (in Excel) is a useful "what-if" analysis tool that allows the user to use the desired result of a formula to find the possible input value necessary to achieve that result. a. True b. False

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