The simplex method in linear programming is

A$.$ A graphical solution method.

B$.$ An algorithm for finding the optimal solution when there are more than two decision variables.

C$.$ A technique for modelling complex real$-$world situations.

D$.$ An iterative method to find the most profitable product$-$mix.

Which of the following best defines transfer pricing?

A$.$ The price charged for products sold to external customers.

B$.$ The price charged for products sold between divisions within the same company.

C$.$ The price charged for products sold to external suppliers.

D$.$ The price charged for products sold in international markets.

Which of the following is a potential disadvantage of using market$-$based transfer prices?

A$.$ They can lead to suboptimal decision making if market prices are not perfectly competitive.

B$.$ They can be easily manipulated by division managers.

C$.$ They don't reflect the cost structure of the divisions.

D$.$ They can lead to higher taxes in multinational corporations.

What is the primary purpose of transfer pricing?

A$.$ To minimize the company's overall tax liability.

B$.$ To establish benchmarks for the company's external sales.

C$.$ To facilitate decision making and performance evaluation within the company.

D$.$ To set prices for the company's products in external markets.

Which of the following is not a method of transfer pricing?

A$.$ Market$-$Based Transfer Pricing

B$.$ Cost$-$Based Transfer Pricing

C$.$ Negotiated Transfer Pricing

D$.$ Consumer$-$Based Transfer Pricing