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Which of the following is not a major step when formulating linear programming models?

a. Defining decision variables b. Defining the value of decision variables c. Formulating the objective function d. Identifying the set of constraints e. Identifying the set of non-negativity constraints

Which of the following is NOT true

A. A call option gives the holder the right to buy an asset by a certain date for a certain price B. A put option gives the holder the right to sell an asset by a certain date for a certain price C. The holder of a call or put option must exercise the right to sell or buy an asset D. The holder of a forward contract is obligated to buy or sell an asset