Quantitative Analysis for Management, 13/e

Self-Test

• Before taking the self-test, refer to the learning objectives at the beginning of the chapter, the notes in the margins, and the glossary at the end of the chapter.

• Use the key at the back of the book to correct your answers.

• Restudy pages that correspond to any questions that you answered incorrectly or material you feel uncertain about.

1. When using a graphical solution procedure, the region bounded by the set of constraints is called

   1. the solution.

   2. the feasible region.

   3. the infeasible region.

   4. maximum profit region.

   5. none of the above.

2. In an LP problem, at least one corner point must be an optimal solution if an optimal solution exists.

   1. True

   2. False

3. An LP problem has a bounded feasible region. If this problem has an equality $($