Exam 18: Career Module

Production data for Streaks is shown.Using linear programming, if running shoes are represented by R and soccer shoes by S, 5R + 3S < 750 is the correct constraint equation for design. Monthly Product

The decision tree shows the profit outcomes for a coffee shop in a strong and a weak economy for next year.What is the probability that the economy will be weak in the coming year?

Decision trees show the profit outcomes for the plans for two doughnut stores in two different locations in a strong and a weak economy for the future.If the investor interested in building a store is optimistic, in which location should she build?

This payoff matrix gives potential dollar gain values in thousands for strategies S1, S2, S3, and S4 for Sam's Pizza and competitive strategies CA1, CA2, and CA3 for Pam's Pizza.What is the maximum regret value for S2?

This payoff matrix gives values for strategies S1, S2, and S3 for the Bigg Company and competitive strategies CA1, CA2, and CA3 for the Large Company.From Bigg's point of view, the S1 maximum regret for CA1 is 8.

With choice S1, a manager sees gains of $10 million and $6 million.With choice S2, a manager sees gains of $12 million and $8 million.Only a pessimistic manager would choose S1.

The goal of the economic order quantity (EOQ)model is to maximize the total costs that are categorized as carrying costs and ordering costs.

In a decision tree, each possible outcome ________.

The break-even point is computed by the formula BE = [TFC/(P - VC)].

In a decision tree, which of the following is true?

Liquidity is a measure of an organization's ability to access cash to meet its debt obligations.

The decision tree shows the profit outcomes for a sandwich shop in a strong and a weak economy.Overall, the shop is expected to make $32,000.

Jeff, a manager at the Flux Soap Store, lowered the reorder point for Butterscotch-Lemon soap from 33 percent of maximum to 20 percent of maximum.What is Jeff likely to observe?

This payoff matrix gives values for strategies S1, S2, and S3 for the Bigg Company and competitive strategies CA1, CA2, and CA3 for the Large Company.From Bigg's point of view, the S2 maximum regret is 9.

For break-even analysis, which of the following is a fixed cost for a doughnut shop?

A company has a current ratio of 0.85 to 1.What should a manager in the company worry about?

Return on investment measures the ratio of total profits to total assets.

A queuing theory analysis for bank teller windows comes up with a value of 0.10 for P, indicating that customers are likely to wait about 10 minutes for each transaction.

Production data for Streaks is shown.Using linear programming, if the plant makes 100 pairs of running shoes and 100 pairs of soccer shoes, it ends up with $3600 in profit. Monthly Product

A pessimistic manager will typically follow a minimin choice.