Exam 18: Appendix: Quantitative Module

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 units that the factory can make of either type of phone component? Monthly Product

The greater the ratio of TFC to (P - VC)is means that the business needs to sell fewer units to make a profit.

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? CA1 CA2 CA3 S1 13 14 7 S2 7 17 12 S3 31 29 4 S4 20 12 21

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?

Using a fixed-point reordering system, a business might order new inventory when it is down to about one-third of its maximum stock.

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

Decision trees are unreliable for making pricing decisions.

Fixed costs for a product are $50,000.The product itself sells for $5.00 and it costs $3.00 to make each product.What is the break-even point for the product?

Another term for queuing theory is "waiting line" theory.

In a short essay, explain how carrying costs and ordering costs change with order size in EOQ (economic order quantity)analysis.

Mia, a manager at Best Buy, should be able to find Q, the most economic order size for a product, by ________.

Which role does uncertainty typically play in how managers function?

In a short essay, explain how managers can use current value for making organizational decisions.

Which of the following identifies the goal of managers who use the economic order quantity (EOQ)model?

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

A new upgrade for a product is expected to increase demand by a factor of 4.If all other factors remain equal, how is EOQ likely to change?

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 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. CA1 CA2 CA3 S1 8 5 12 S2 9 14 3 S3 16 13 20

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?

A company has a current ratio of of 2.75 to 1.What should a manager in the company conclude?