A restaurant is trying to determine the lowest total cost for purchasing a replacement freezer
The cost of capital is 6 percent and the freezer should last for 11 years. Using Table 10 -2, which
freezer should the restaurant purchase?
A) Freezer A B) Freezer B
C) Both Freezers D) Cannot tell without more information.
A
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Which of the following is true regarding the difference between GATT and WTO?
A. The WTO was encouraged to extend its reach to encompass regulations governing foreign direct investment unlike GATT. B. WTO operates on the basis of consensus unlike GATT. C. GATT gives trading partners the right to compensation or, in the last resort, to impose (commensurate) trade sanctions unlike WTO. D. GATT's verdict is binding unlike that of WTO's. E. WTO allows member-countries to block adoption of arbitration reports unlike GATT.
Linear programming models with infeasible solutions often arise in practice because management expectations are too high
a. True b. False