What are the limitations of the graphical method of linear programming?
What will be an ideal response?
The primary limitation of the graphical method of linear programming is that it is best suited for problems consisting of only two decision variables. It can be used for models containing three decision variables, but is cumbersome. Also, the graphical method can be difficult to execute if the constraints' right hand sides are grossly different in magnitude, e.g., one is fractional and the other is in the ten thousands.
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Which of the following is most correct concerning delinquent taxes and redemption rights?
A. The important effect of a "sale to the state" by the tax collector is to start the redemption period running, but the delinquent owner's possession remains undisturbed. B. The homeowner is required to make monthly installment payments to liquidate the delinquent property taxes and accrued penalties that are owed. C. In the event the delinquent owner transfers or otherwise alienates the property, the redemption period is automatically terminated. D. The property is automatically deeded to the state if the property is not redeemed within one year.
Failure of a party to perform an obligation in a sales or lease contract is known as ________
A) revocation B) breach C) acceptance D) replevin