# 11. Retail companies try to find a. the least costly method of transferring goods from warehouses to

11. Retail companies try to find

a.

the least costly method of
transferring goods from warehouses to stores.

b.

the most costly method of transferring
goods from warehouses to stores.

c.

the largest number of goods to
transfer from warehouses to stores.

d.

the least profitable method of transferring
goods from warehouses to stores.

12. Most individuals manage their individual retirement accounts
(IRAs) so they

a.

maximize the amount of money they
withdraw.

b.

minimize the amount of taxes they must
pay.

c.

retire with a minimum amount of money.

d.

leave all their money to the
government.

13. The number of units to ship from Chicago to Memphis is an example
of a(n)

a.

decision.

b.

constraint.

c.

objective.

d.

parameter.

14. A manager has only 200 tons of plastic for his company. This is an
example of a(n)

a.

decision.

b.

constraint.

c.

objective.

d.

parameter.

15. The desire to maximize profits is an example of a(n)

a.

decision.

b.

constraint.

c.

objective.

d.

parameter.

ANS: C PTS: 1

16. The symbols X1, Z1, Dog are all examples of

a.

decision variables.

b.

constraints.

c.

objectives.

d.

parameters.

17. A greater than or equal to constraint can be expressed
mathematically as

a.

f(X1, X2, …, Xn)
Â£ b.

b.

f(X1, X2, …, Xn)
Â³ b.

c.

f(X1, X2, …, Xn)
= b.

d.

f(X1, X2, …, Xn)
Â¹ b.

18. A production optimization problem has 4 decision variables and
resource 1 limits how many of the 4 products can be produced. Which of the
following constraints reflects this fact?

a.

f(X1, X2, X3,
X4)Â£ b1

b.

f(X1, X2, X3,
X4)Â³ b1

c.

f(X1, X2, X3,
X4) = b1

d.

f(X1, X2, X3,
X4)Â¹ b1

19. A production optimization problem has 4 decision variables and a
requirement that at least b1 units of material 1 are consumed. Which
of the following constraints reflects this fact?

a.

f(X1, X2, X3,
X4)Â£ b1

b.

f(X1, X2, X3,
X4)Â³ b1

c.

f(X1, X2, X3,
X4) = b1

d.

f(X1, X2, X3,
X4)Â¹ b1

20. Which of the following is the general format of an objective
function?

a.

f(X1, X2, …, Xn)
Â£ b

b.

f(X1, X2, …, Xn)
Â³ b

c.

f(X1, X2, …, Xn)
= b

d.

f(X1, X2, …, Xn) 