Exam 18: Career Module

A manager is worried that if he chooses the wrong investment strategy, his company could lose out on a great deal of money.Which strategy should he follow?

This regret matrix gives potential dollar values in thousands for strategies S1, S2, S3, and S4 for Al's Fish Fry and competitive strategies CA1, CA2, and CA3 for Sal's Fish Bake.If Al chooses S3, what kind of strategy is he using?

In a short essay, explain what the value of P in queuing theory provides for a manager.

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.If Sam chooses S1, how is he feeling about the business climate?

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.If Sam chooses S4, how is he feeling about the business climate?

Regret is computed by subtracting the value of a possible strategy from the greatest value in the entire matrix.

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 CA2 is 8.

A company is worried about meeting its interest expenses, so it should pay close attention to its times interest earned.

The decision tree shows the profit outcomes for a coffee shop in a strong and a weak economy for next year.Suppose a third outcome is considered in which a moderate economy is 33 percent likely to occur.With this added outcome, how does the probability of a weak economy change?

Production data is shown for the number of hours required per unit for the Running and Soccer versions of Streaks, custom made athletic shoes.Using linear programming, if running shoes are represented by R and soccer shoes by S, the expression $16R + $20S is equal to the maximum profit that can be made. Monthly Product

Which of the following characterizes a highly leveraged company?

Which psychological orientation would be typical of a manager who is pessimistic about her business environment?

In the economic order quantity (EOQ)model, increasing the order size will decrease ordering costs.

Fixed costs for a product are $30,000.The product itself sells for $3.00 and it costs $1.50 to make each product.How can the plant decrease the break-even point by 5000 units?

An organization with a high leverage ratio has usually been overly cautious and conservative in its borrowing.

An optimistic manager will typically follow a maximax choice.

Production data for the number of hours required per unit for making the Droid and iPhone versions of cell phone components by Bizzer, a high-tech manufacturing firm, is given below.What is the maximum number of Droid units that the factory can make? Monthly Product

Production data for the number of hours required per unit for making the Droid and iPhone versions of cell phone components by Bizzer, a high-tech manufacturing firm, is given below.What is the maximum number of iPhone units that the factory can make? Monthly Product

In the economic order quantity (EOQ)model, one of the costs that gets considered for analysis is the carrying costs of tying up money with inventory.