For a maximization problem, assume that a constraint is binding. If the original amount of a resource is 4 lbs. and the range of feasibility (sensitivity range) for this constraint is from 3 lbs. to 6 lbs.,
increasing the amount of this resource by 1 lb. will result in the:
A) same product mix, different total profit.
B) different product mix, same total profit as before.
C) same product mix, same total profit.
D) different product mix, different total profit.
Answer: A
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Which of the following are the requirements of the laws of Sino-foreign joint ventures?
A. Tax returns of joint ventures must be audited by Chinese CPAs. B. Annual financial reports of joint ventures must be audited by registered Chinese CPAs. C. Capital contributions by investors must be verified by Chinese CPAs. D. All of the above statements are true about Chinese joint ventures.
A ______________ is a voluntary, binding agreement between two or more competent parties to do (or not do) a specific thing.
Fill in the blank(s) with the appropriate word(s).