In a linear programming formulation, a statement such as "maximize contribution" becomes a(n):
A) constraint.
B) slack variable.
C) objective function.
D) violation of linearity.
E) decision variable.
C
Business
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Because contribution margin is based on sales price and variable costs, the ratio can be calculated using either the total amounts or the unit amounts
Indicate whether the statement is true or false
Business
The story of USAA Insurance company's refund of premiums for military personnel in the Gulf War illustrates that:
A) profits are not important to some successful companies. B) illustrated USAA's cultural value of treating customers the way you'd want to be treated. C) insurance companies are almost all open and generous. D) USAA makes significant profits through ridged cost controls.
Business