5)The objective function always consists of either maximizing or minimizing some value. a. FALSE TRUE 6)Which steps of the operations research process can either be a recommended decision or...

N,3

Extracted text: 5)The objective function always consists of either maximizing or minimizing some value. a. FALSE TRUE 6)Which steps of the operations research process can either be a recommended decision or information that helps a manager make a decision? a. model solution b. model implementation problem formulation d. problem definition 7)The earliest developments and use of operations research techniques was in the field of a. railroads. b. politics. C. manufacturing. d. military operations. 8)The production manager for the Coory soft drink company is considering the production of two kinds of soft drinks: regular (R) and diet(D). Two of the limited resources are production time (8 hours = 480 minutes per day) and syrup (1 of the ingredients), limited to 675 gallons per day. To produce a regular case requires 2 minutes and 5 gallons of syrup, while a diet case needs 4 minutes and 3 gallons of syrup. Profits for regular soft drink are $3.00 per case and profits for diet soft drink are $2.00 per case. What is the time constraint? а. 2R + 4D < 480="" b.="" 2d="" +="" 4r="" s="" 480="" c.="" 2r="" +="" 3d="">< 480="" d.="" 3r="" +="" 2d=""><>


Extracted text: 1)Operations research involves the philosophy of approaching a problem in a subjective manner. а. TRUE b. FALSE 2)Linear programming is a model consisting of linear relationships representing a firm's decisions given an objective and resource constraints. а. FALSE b. TRUE 3)When using the graphical method, only one of the four quadrants of an xy-axis needs to be drawn. а. FALSE b. TRUE 4)A linear programming model consists of only decision variables and constraints. а. FALSE b. TRUE