The minimization of cost or maximization of profit is the
A) constraint of operations management.
B) goal of management science.
C) objective of linear programming.
D) assumption of financiality.

Question

Quizplus · Accepted Answer

The objective of linear programming is to either minimize cost or maximize profit. Constraints are the limitations or restrictions in the decision-making process, while the goal of management science is to use scientific techniques to improve decision-making. The assumption of financiality is the assumption that the objective of a company is to maximize profit.

The Minimization of Cost or Maximization of Profit Is the