Reference no: EM132196537
1. Bloomington Brewery produces beer and ale. Beer sells for $5 per barrel, and ale sells for $2 per barrel. Producing a barrel of beer requires 5 pounds of corn and 2 pounds of hops. Producing a barrel of ale requires 3 pounds of corn and 1 pound of hops. The brewery has 60 pounds of corn and 25 pounds of hops and wants to plan its production. Which statement about the mathematical formulation of this LP problem is false?
Decision variables are the number of barrels of beer (B) and the number of barrels of ale (A) to be produced.
The objective function is to maximize the total revenue = 5B + 2A.
The constraints for the material usage are 5B + 2A ? 60 and 3B + 1A ? 25.
Decision variables need to be nonnegative: A ? 0 and B ? 0, with A and B as integers.
This is a product mix problem.
2. Neighborhood and Community Characteristics: The social ecology approach emphasizes the view that certain social and physical characteristics of neighborhoods and communities influence the likelihood of committing deviance and crime. Imagine that you are in a position as a community leader. There are several neighborhoods in your community with:
high poverty rates
low quality housing
single parent households
Which issue would you address first, and what strategies would you propose to address this issue?
3. True or False
Self-dealing is when shareholders use their position to deprive the board of directors of personal monetary gain.
4. True or False
The business judgment rule protects shareholders for honest mistakes of judgment.