Sorsogon State College Bulan Campus BS Accountancy II Midterm Examination

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REPUBLIC OF THE PHILIPPINES

SORSOGON STATE COLLEGE
BULAN CAMPUS
BS Accountancy II
MIDTERM EXAMINATION
Name: _______________________________ Date: ___________________________ Score:______________
I. Multiple Choice: Write the letter of your answer in CAPITAL LETTERS on the space provided before the number. Strictly no
erasures.
___________1. The Kayabangan Company plans to expand its sales force by opening several new branch offices. Kayabangan will
consider opening only two types of branches: 20-person branches (Type A) and 10-person branches (Type B).
Expected initial cash outlays are PHP 1,300,000 for a Type A branch and PHP 670,000 for a Type B branch. Expected
annual cash inflow, net of income taxes, id PHP 92,000 for a Type A branch and PHP 38,000 for a Type B branch.
Kayabangan will hire no more than 200 employees for the new branch offices and will open no more than 20 branch
offices. Linear programming will be used to help decide how many branch offices should be opened. Kayabangan had
PHP 10,400,000 in capital available for the new branch offices.
In a system of equations for a linear programming model, which of the following equations would not represent
constraint?
A. A + B ≤ 20 C. PHP 92,000A + PHP 36,000 B ≤ PHP 128,000
B. 20A + 10B ≤ 200 D. PHP 1,300,000A + PHP 670,000B ≤ PHP 10.4M
___________2. Covid Corporation manufactures Product C and Product A which are processed as follows:
Type D Machine Type B Machine
Product C 6 hours 4 hours
Product A 9 hours 5 hours
The contribution margin is PHP 12 for Procut C and PHP 7 for Product A. The available time daily for processing the
two products is 120 hours for Machine Type D and 80 hours for Machine type B. How would the restriction
(constraint) for Machine Type B expressed?
A. 4C + 5A B. 4C + 5A ≤ 80 C. 6C + 9A ≤ 120 D. 12C + 7A
___________3. Kapayapaan Corporation produces a product in 100 gallon batches. The basic ingredients used are material X costing
PHP 40 per gallon and material Y costing PHP 20 per gallon. No more than 1 gallon of Y can be used, and at least 15
gallons of X must be used.
How would the objective function (minimizing of product cost) be expressed?
A. 20Y + 40X B. 40Y + 20X C. Y + 15X D. 40Y + 150X
___________4. Statement I: In business, linear programming is used for planning resource allocations (to make optimum use of
limited resources).
Statement II: Conditions calling for the use of linear programming include specification of a cost or revenue objective
formula.
A. Only Statement I is true. C. Only Statement II is true.
B. Both statements are true. D. Neither statements are true.
___________5. The _____________ is a procedure involving a set of mathematical steps to solve linear programming problems.
A. Sensitivity Analysis C. Simplex Algorithm
B. Simplex Method D. Computer Solution
___________6. It is the dollar amount one would be willing to pay for one additional resource unit.
A. Peso Value B. Currency Value C. Demand Value D. Marginal Value
___________7. Which of the following are other forms of sensitivity?
A. Changing individual constraint parameters
B. Adding new constraints
C. Adding new variables
D. All of the above
___________8. What are the typical types of general-purpose quantitative methods software packages?
A. Excel spreadsheet C. Neither A and B
B. QM for Windows D. Both A and B
___________9. Statement I: A problem presented for a transportation example consists of 9 variables.
Statement II: A linear programming is used to determine asset allocations for a portfolio.
Which of the following is correct?
A. Only Statement I is false. C. Only Statement II is false.
B. Both statements are false. D. Neither statements are false.
___________10. Statement I: The mathematical steps of the simplex method were simply programmed in prewritten software
packages designed for the solution of linear programming problems.
Statement II: The ability to solve linear programming problems quickly and cheaply on the computer, regardless of
the size of the problem, popularized linear programming and expanded its use by business.
___________11. _____________ is the analysis of the effect of parameter changes on the optimal solution.
A. Sensitivity Analysis C. Simplex Algorithm
B. Simplex Method D. Computer Solution
___________12. What example determines how much to invest in each alternative in order to maximize the return?
A. Investment B. Product C. Marketing D. Transportation
C – CHARACTER P – PERSEVERANCE A – ATTITUDE ROCHELLE ANN D. CHIL, CPA

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___________13. What example determines how many dozen (boxes) of each product to produce in order to maximize profit?
A. Investment B. Product C. Marketing D. Diet
___________14. What example desires to know the number of advertisements it should purchase in order to maximize exposure?
___________15. What example determines the amount of different kinds of nutrients which should be included in a diet and minimize
the cost?
___________16. Statement I: Excel can be used to solve linear programming problems, although the data input requirements can be
more time-consuming and tedious than with a software package like QM for Windows that is specifically designed
for the purpose.
Statement II: QM for Windows can be used to solve linear programming problems, although the data input
requirements can be more time-consuming and tedious than with a software package like Excel that is specifically
designed for the purpose.
___________17. The Gantt Chart below shows that the project is
NOW
Time in Weeks
Activity 2 4 6 8 10 12 14 16
A
B
C
D ------------------------
Legend: FINISHED
------------------------ IN PROCESS OR NOT YET FINISHED
A. Complete B. Ahead of schedule C. On schedule D. Behind schedule
___________18. Hennepin Co. used 30 hours to produce the first batch of units. The second batch took an additional 18 hours. How
many total hours will the first four batches require?
A. 76.8 hours B. 96.2 hours C. 120.0 hours D. 61.44 hours
___________19. Ridgefield, Inc. is considering a three-phase research project. The expected time for completion of phase 1 of the
project are
Optimistic 4 months
Most likely 8 months
Pessimistic 18 months
Using the program evaluation and review technique (PERT), the expected time for completion of phase 1 should be
A. 8 months B. 9 months C. 10 months D. 18 months
___________20. Statement I: Linear Programming is a model that consists of a linear relationship representing a firm’s decision(s),
given an objective and resource constraints.
Statement II: Objective Function is a linear relationship that reflects the objective of an operation.
Statement III: A non-feasible solution does not violate any of the constraints.
Statement IV: The last point the objective function touches as it leaves the feasible solution area is model constraint.
Statement V: A non-negativity constraint restricts the decision variables to zero or positive values.
A. Statements I, II, III are true. C. Statements II, IV, V are true.
B. Statements I, II, V are true. C. Statements II, IV, V are true.
___________21. Statement I: Management Science is the actual use of the model that has been developed.
Statement II: Implementation is the application of scientific approach to solving management problem in order to
help manager make better decisions.
___________22. The Arrogant Company makes toys A and B, each of which needs two processes; cutting and wrapping. The
contribution margin is PHP 6 for Product A and PHP 5 for Product B. The table below shows the maximum number
of units (constraint) of each product that may be processed in two departments.
Maximum Capacities (in Product Units)
Cutting Wrapping
Product A 60 80
Product B 60 40
Considering the constraint is processing, which combination of Products Y and Z maximizes the total contribution
margin?
A. 40 units of A and 20 units of B C. 80 units of A and 0 units of B
B. 60 units of A and 0 units of B D. 0 units of A and 40 units of B
___________23. In a system of equation for a linear programming model, what can be done to equalize an inequality such as 6X + 4Y
≤ 30?
A. Nothing B. Add a slack variable C. Add padding D. Multiply each element by 1
___________24. A firm must decide the mix of production of Product X and Product Y. There are only two resources used in the two
products, resources A and B. Data related to the two products are given in the following table:
Product X Product Y
Resource A 3 7
Resource B 2 1
3
Unit Profit PHP 8 PHP 6
What is the appropriate objective function to maximize profit?

A. 3X + 7Y B. 2X + Y C. 8X + 6Y D. 5X + 8Y
___________25. Statement I: When linear programming was first developed in the 1940s, virtually the only way to solve a problem
was by using a lengthy manual mathematical solution procedure called the simplex method.
Statement II: When linear programming was first developed in the 1940s, virtually the only way to solve a problem
was by using a lengthy manual mathematical solution procedure called the sensitivity analysis.
___________26. What example determines the number of products to ship from each store in order to maximize the total cost?
A. Transportation C. Data Envelopment Analysis
B. Blend D. Multiperiod Scheduling
___________27. What example determines the optimal mix of component that will maximize profit?
___________28. What example compares a number of service units of same type – such as banks, hospital and etc.?
___________29. What example determines a schedule that will indicate how much regular and overtime production it will need to
meet its orders at minimum cost?
___________30. Statement I: Management Science is the application of scientific approach to solving problem in order to help
manager make better decisions.
Statement II: Management Scientist is a person skilled in the application of management science technique.
For items 31-34:

All audits have critical path, but auditors seldom recognize it as such without the aid of network analysis. In the auditing of
liabilities, the following activities and estimated times have been identified:
0–1 Obtain schedule of liabilities 2
1–2 Mail confirmations 12
2–6 Process information 39
6–7 Investigate debit balances 5
1–3 Vouch selected liabilities 64
3–4 Test accruals and amortization 4
1–4 Test pension plans 4
4–5 Reconcile interest expense to debt 8
5–7 Verify debt restriction compliance 5
7–8 Review subsequent payments 10
___________31. Identify the parallel path(s).
A. 0 – 1 – 2 – 6 – 7 – 8 C. 0 – 1 – 4 – 5 – 7 – 8
B. 0 – 1 – 3 – 4 – 5 – 7 – 8 D. All of the above
___________32. Identify the critical path(s).
A. 0 – 1 – 2 – 6 – 7 – 8 C. 0 – 1 – 4 – 5 – 7 – 8
B. 0 – 1 – 3 – 4 – 5 – 7 – 8 D. All of the above
___________33. Identify the slack time(s).
A. 68 B. 64 C. 29 D. 93
___________34. Identify the total time to finish the whole project.
A. 68 B. 64 C. 29 D. 93
___________35. New York Building Corporation uses the critical path method to monitor construction jobs. The company is
currently 2 weeks behind schedule on Job #181, which is subject to a PHP 10,500 per-week completion penalty.
Path A-B-C-F-G-H-I has a normal completion time of 20 weeks, and critical path A-D-E-F-G-H-I has a normal
completion time of 22 weeks. The following activities can be crashed.
Cost to Crash Cost to Crash
Activities 1 week 2 weeks
BC PHP 8,000 PHP 15,000
DE PHP 10,000 PHP 19,600
EF PHP 8,800 PHP 19,500
New York Building desires to reduce the normal completion time of Job #181 and at the same time, report the
highest possible income for the year. New York Building should crash
A. Activity BC 1 week and activity EF 1 week C. Activity EF 2 weeks
B. Activity DE 1 week and activity BC 1 week D. Activity DE 1 week and activity EF 1 week
___________36. It involves project scheduling techniques that are designed to aid the planning and control of large-scale projects
having many interrelated activities.
A. Quantitative Methods C. Operations Research
B. Network Models D. Program Evaluation and Review Technique
___________37. Which of the following is/are the use of Network Analysis?
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A. Planning C. Measuring progress to schedule

B. Both a and c D. Neither a and c
___________38. Which of the following is an example of the network analysis application?

A. Prediction and control of costs C. Building Construction
B. Evaluation of changes to schedule D. Forecast of future progress
___________39. Which of the following is/are project scheduling techniques?
A. Gantt charts C. Program Evaluation and Review Technique
B. Critical Path method D. All of the above
___________40. It is a type of bar chart that illustrates the scheduled start and finish of elements of a project over time
___________41. It is developed to aid managers in controlling large-scale, complex problems.
___________42. It is/are probabilistic diagram of the interrelationship of a complex series of activities; a free-from network showing
each activity is a line between events.
A. PERT Diagram C. Gantt diagram
B. CPM Diagram D. All of the above
___________43. It is the longest path through the network.
A. Parallel path C. Critical path
B. Both A and C D. Series path
___________44. Statement I: Implementation is the actual use of the model that has been developed.
Statement II: Management Science is the application of scientific approach to solving management problem in order
to help manager make better decisions.
___________45. Statement I: Objective Function is a model that consists of linear relationships representing a firm’s decision(s),
Statement II: Parameters are mathematical symbols that represent levels of activity by the firm.
___________46. It is the average time an activity would require if it were repeated a large number of times.
A. Slack time C. Crash time
B. Expected time D. Optimistic time
___________47. It is the amount of time that can be added to an activity without increasing the total time required on the critical path;
the length of time an activity can be delated without forcing a delay for the entire project.
___________48. It is the time to complete an activity assuming that all available resources were devoted to the task.
___________49. It is a network technique which uses deterministic time and cost estimates.
For items 50-51:

The Glass Menagerie makes small pressed resin ducks and ducklings. For every duck sold, the company sells four
ducklings. The following information is available about the company’s selling prices and cost.
Ducks Ducklings
Selling Price 24 12
Variable Cost 12 7.20
Annual Fixed Cost 62,400
Last month, the company sold 200 ducks and 800 ducklings
___________50. Calculate the monthly break-even point in units and in pesos if fixed cost is incurred evenly throughout the year.
A. 12,000; 4,000, 166.67, 8,000, 666.67 C. 12,000; 4,000, 666.67, 8,000, 166.67
B. 10,000; 4,000, 166.67, 6,000, 666.67 D. 10,000; 4,000, 666.67, 6,000, 166.67
___________51. If the company wants to earn 37,440 pre-tax profit monthly, how many units of each product must it sell?
A. 8,833; 2,367, 5,467 C. 4,833; 1,367, 3,467
B. 6,833; 1,367, 5,467 D. 10,833; 2,367; 7,467
___________52. It is an arrangement of paths connected at various points, through which items move.
A. Network B. Nodes C. Branches D. Network Components
___________53. This model describes the flow of items through a system.
A. Minimization Model B. Maximization Model C. Network Flow Model D. Network Model
___________54. It is denoted by circles, represent junction points connecting branches.
A. Branches B. Nodes C. Network D. Model
___________55. Which of the following conditions call for the use of linear programming?
A. Specification of a cost or revenue objective formula
B. The limited resources must be subject to alternative use
C. The alternative uses of the limited resources must be specified

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D. All of the above
___________56. Statement I: The most obvious way to ascertain the effect of a change in the parameter of a model is to make the
change in the original model, resolve the model and compare the solution results with the original.
Statement II: The most obvious way to ascertain the effect of a change in the parameter of a model is to make the
change in the revised model, resolve the revised model and compare the solution results with the revision.
___________57. “Integer and non-integer variables are allowed in integer programming.” This statement is ___________.
A. True B. False C. Irrelevant D. Relevant
___________58. “In total integer model, some solution values for decision variables are integers and others can be non-integers.”
This statement is _____________.
___________59. “Under mixed integer model, some solution values for decision variables are integers and others can be non-
integers.” This statement is _____________.
___________60. “In a model which the constraints are all less than or equal and the constraint coefficient is positive, a feasible
solution is always ensured by rounding down.” This statement is _____________.
___________61. These are various applications of mathematics in business or any complex system.
A. Operations Management C. Management Science
B. Quantitative Methods D. Project Scheduling Techniques
___________62. Statement I: The constraints itself can be in terms of any type of activity of valuation.
Statement II: In the marketing example, the objective is to maximize the audience exposure.
A. Only Statement I is true. . C. Only Statement II is true.
___________63. “In a 0-1 integer model, the solution values of the decision variables are zero or one.” This statement is
__________.
___________64. “Integer programming expresses the optimization of a linear function subject to a set of linear constraint over
integer variables.” This statement is __________.
___________65. “Total integer models all decision variables have integer solution values.” This statement is ____________.
___________66. Statement I: The Xij is a double prospective variable.
Statement II: The unbalanced transportation model shows supply equals demand such that all constraints are
equalities.
A. Only Statement I is false . C. Only Statement II is false.
___________67. It is the discipline of applying quantitative methods oriented to planning.
A. Operations Research C. Quantitative Methods
B. Quantitative Techniques D. Network Models
___________68. A management science technique used to determine the optimal way to achieve an objective, subject to restrictions,
in cases in which all the mathematical relationships are linear.
A. Network Flow Models C. Linear Programming
B. Integer Programming D. Computer Solutions
___________69. A model that represents the flow of items through a system.
A. Network models C. Chain models
B. Network flow models D. Chain flow models
___________70. A type of linear programming model similar to a transportation model, except that the supply at each source is
limited to one unit and the demand at each destination is limited to one unit.
A. Assignment model C. Transportation model
B. Transshipment model D. Network models
___________71. A mathematical symbol that represent levels of activity by the firm.
A. Decision Variable C. Linear Programming
B. Objective Function D. Parameters
___________72. Which of the following basic elements of project plans includes a detailed statement of what is to be accomplished
by the project, how it will achieve the company’s goals and meet the strategic plan, and an estimate of when it needs
to be completed, the cost and the return?
A. Objectives B. Project Scope C. Schedules D. Contract Requirements
___________73. Which of the following basic elements of project plans includes a discussion of how to approach the project, the
technological and resource feasibility, the major tasks involved, and a preliminary schedule; it includes a
justification of the project and what constitutes project success?
A. Objectives B. Project Scope C. Schedules D. Contract Requirements
___________74. Which of the following defines Contract Requirements?
A. A list of all major events, tasks and subschedules, from which a master schedule is developed
B. The overall project budget for all resource requirements and procedures for budgetary control

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C. A discussion of how to approach the project, the technological and resource feasibility, the major tasks
involved, and a preliminary schedule; it includes a justification of the project and what constitutes project
success
D. A general structure of managerial. Reporting and performance responsibilities including a detailed list of staff,
suppliers, subcontractors, managerial requirements and agreements, reporting requirements, and a projected
organizational structure.
___________75. A linear relationship that reflects the objective of an operation.

A. Linear Programming C. Objective Function
B. Decision Variable D. Parameters
___________76. “With the northwest corner method, an initial allocation is made to the cell in the upper right-hand corner of the
tableau.” This statement is ____________.
___________77. “When demand exceeds supply, a dummy row is added to the tableau.” This statement is ____________.
___________78. “When supply exceeds demand, a dummy row is added to the tableau.” This statement is __________.
___________79. Statement I: Decision Variable is a mathematical symbol that represents levels of activity by the firm.
Statement II: Objective Function is a model that consists of a linear relationship representing a firm’s decision(s),
___________80. Statement I: Management Scientist is the application of scientific approach to solving problem in order to help
manager make better decisions.
Statement II: Management Science is a person skilled in the application of management science technique.
___________81. The maximal flow problem ____________
A. Is to find the shortest distance between an origin and various destination points
B. Is to connect all nodes in a network so that the total branch lengths are minimized
C. Is to maximize the amount of flow of items from an origin to a destination
D. None of the above.
___________82. Minimal spanning tree problem ___________
B. Is to connect all nodes in a network so that the total branch lengths are minimized
D. None of the above
___________83. For a ____________, flow is possible in only one direction.
A. Directed branch B. Indirected branch C. Undirected Branch D. Branch
___________84. These are numerical values that are included in the objective functions and constraints.
A. Decision Variable C. Model Constraints
B. Parameters D. Non-negativity Constraints
___________85. Statement I: In defining model constraints, each constraint must be developed separately. “Don’t try to see it all at
once.”
Statement II: Revenue maximized in the objective function by subtracting cost from revenue.
___________86. Which of the following is the integer programming model?
A. Sum B. Total C. Both A and B D. None of the above
___________87. Statement I: In a 0-1 integer model, the solution values of the decision variables are zero or one.
Statement II: Integer programming expresses the optimization of a linear function subject to a set of linear constraint
over integer variables,
Statement III: Total integer model all decision variables have integer solution values.
Which of the following is true?
A. Statement I and II are false C. Statement I II and III are true
B. Statement I is the only true D. Statement I II and III are false
___________88. Statement I: Balanced model is a model in which supply equals demand.
Statement II: Unbalanced transportation model is a model in which supply exceeds demand or demand exceeds
supply.
A. Only Statement I is true C. Both statements are true.
B. Only Statement II is true D. All of the above
___________89. Which of the following is an integer programming model?
A. Combined B. Mixed C. Both a and b D. None of the above
___________90. It is the application of scientific approach to solving problem in order to help manager make better decisions.
A. Quantitative Methods C. Management Science
B. Operations Research D. Network Models

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___________91. A model that consists of linear relationships representing a firm’s decision(s), given an objective and resource
constraints.
A. Decision Variable C. Linear Programming
B. Parameters D. Objective Function
___________92. The _______________ for an objective coefficient is the range of values over which the current optimal solution
point will remain optimal.
A. Optimal Range C. Coefficient Range
B. Sensitivity Range D. Solution Range
___________93. Statement I: The shadow price is the marginal economic value of one additional unit of a resource.
Statement II: The standard form requires all variables to be the left of the inequality and numeric values to the right.
___________94. “When supply exceeds demand, a dummy row is added to the tableau.” This statement is __________.
___________95. “A penalty cost is the difference between the largest and next largest cell cost in a row (or column).” This statement
is _________.
___________96. “In the minimum cell cost method as much as possible is allocated to the cell with the minimum cost.” This
statement is _________.
___________97. It is a person skilled in the application of management science technique.
A. Accountant C. Auditor
B. Consultant D. Management Scientist
___________98. Statement I: In order for a project to be selected to be undertaken, it typically has to offer some kind of positive gain
or benefit for the organization that is considering it.
Statement II: Return on Asset is a performance measure that is often used to evaluate the expected outcome of a
project or to compare a number of different products.
A. Statement I is true C. Statement II is true.
___________99. These are made up of individuals from various areas and departments within a company.
A. Project groups C. Project teams
B. Department groups D. Department teams
___________100. It is a computer-based system that help decision maker address complex problem that are across different parts of
an organization and operation.
A. Decision Support C. Decision Support System
B. Support System D. Support Decision System
___________101. “With the northwest corner method, an initial allocation is made to the cell in the upper left-hand corner of the
tableau,” This statement is _______.
___________102. It is a discipline that adapts the scientific approach for problem solving to help managers make informed decisions.
A. Management Advisory Services C. Management Science
B. Management Consultancy D. Management Services
___________103. Statement I: Integer and non-integer variables are allowed in integer programming.
Statement II: In total integer model some solution values for decision variables are integers and others can be non-
integers.
Statement III: Under mixed integer model, some solution values for decision variables are integers and others can be
non-integer.
Statement IV: In a model which the constraints are less than or equal and the constraint coefficient is positive, a
feasible solution is always ensured by rounding down.
Which of the following is true?
A. Statement I and II are false. C. Statement II and III are true.
B. Statement III and IV are false. D. Statement I and III are true.
___________104. It is a type of a linear programming problem in which a product is to be transported from a number of sources to a
number of destinations at the minimum cost.
A. Transportation model B. Network Flow model C. Linear Programming model D. Transshipment model
___________105. A linear relationship that represents a restriction n decision making.
A. Model Constraints C. Non-negativity Constraints
B. Feasible Solution D. Decision Variable
___________106. “When demand exceeds supply, a dummy column is added to the tableau.” This statement is __________.
___________107. Statement I: Fractional relationships between variables in constraints must not be eliminated.
Statement II: Fractional relationships between variables in constraints must be eliminated.
___________108. It is represented as lines, connect nodes and show flow from one point to another.
A. Branches B. Nodes C. Network D. Model

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___________109. The shortest route problem _____________

B. Is to connect all nodes in a network so that the total branch lengths are minimized.
D. None of the above.
___________110. Which of the following is/are the integer programming models?
A. Total integer model B. 0-1 integer model C. Mixed integer model D. All of the above
___________111. Statement I: Management is generally perceived to be concerned with the planning, organization, and control of an
ongoing process or activity such as the production of a product or delivery of a service.
Statement II: Project management is different in that it reflects a commitment of resources and people to a typically
important activity for a relatively short time frame, after which the management effort is dissolved.
Statement III: Projects have the continuity of supervision that is typical in the management of a production process.
A. Statements I and III are true. C. All of the statements are true.
B. Statement III is false. D. All of the statements are false.
___________112. It restricts the decision variables to zero or positive values.
A. Non-negativity Constraints C. Model Constraints
B. Decision Variable D. Objective Function
___________113. Statement I: Series is an activity can be performed simultaneously.
Statement II: Parallel is an activity cannot be performed unless another activity is undertaken.
A. Statement I is true. C. Statement I false.
B. Statement II is false. D. Both b and c.
___________114. Statement I: Events are discreate moments in time representing the start or finish of an activity; they consume no
resources.
Statement II: Activities are tasks to be accomplished; they consume resources, including time, and have a duration
over time.
___________115. Which of the following is/are the integer programming models?
A. 1-2 B. 0-1 C. 2-3 D. 3-4
___________116. What are the five steps in scientific method?
A. Definition of the problem, Model construction, Model solution, Observation, Implementation
B. Model construction, Model solution, Definition of the problem, Implementation, Observation
C. Observation, Model construction, Model solution, Implementation, Definition of the problem
D. Observation, Definition of the problem, Model construction, Model solution, Implementation
___________117. Shadow prices are also known as
A. Marginal Values B. Peso Values C. Dual Values D. Zero Values
___________118. The other term for simplex method
A. Simplex Algorithm C. Sensitivity Analysis
B. Computer Solution D. Marginal Value
___________119. Statement I: Linear Programming is a technique used to optimize an objective function (maximize revenue or profit
function or minimize a cost function, subject to constraints (such as scarce resources, minimum/maximum levels of
production, performance, etc.)
Statement II: Linear Programming is a technique used to optimize an objective function (minimize revenue or
profit function or maximize a cost function, subject to constraints (such as scarce resources, minimum/maximum
levels of production, performance, etc.)
___________120. It is the last point the objective function touches as it leaves the feasible solution area.
A. Optimal Solution C. Optimal Solution Point
B. Solution Point D. Solution Optimal Point

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1

REPUBLIC OF THE PHILIPPINES

Name: _________________ Date: _ Score:__

C – CHARACTER P – PERSEVERANCE A – ATTITUDE ROCHELLE ANN D. CHIL, CPA

Unit Profit PHP 8 PHP 6

What is the appropriate objective function to maximize profit?

For items 31-34:

A. Planning C. Measuring progress to schedule

___________38. Which of the following is an example of the network analysis application?

For items 50-51:

C – CHARACTER P – PERSEVERANCE A – ATTITUDE ROCHELLE ANN D. CHIL, CPA

D. All of the above

C – CHARACTER P – PERSEVERANCE A – ATTITUDE ROCHELLE ANN D. CHIL, CPA

___________75. A linear relationship that reflects the objective of an operation.

C – CHARACTER P – PERSEVERANCE A – ATTITUDE ROCHELLE ANN D. CHIL, CPA

C – CHARACTER P – PERSEVERANCE A – ATTITUDE ROCHELLE ANN D. CHIL, CPA

_109. The shortest route problem ___

C – CHARACTER P – PERSEVERANCE A – ATTITUDE ROCHELLE ANN D. CHIL, CPA

C – CHARACTER P – PERSEVERANCE A – ATTITUDE ROCHELLE ANN D. CHIL, CPA

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