Poultry Processing processes chickens for fast food restaurants. The Majestic chickens arrive from the farms on trucks, in cages, at a rate of 8 trucks per hour according to the Poisson distribution
The quality standards of Poultry Processing require that the chickens be processed within 30 minutes, which includes the time from when the trucks arrive until the chickens are finished processing. Determine the maximum average processing rate (in truckloads per hour) that must be designed for the machine, in order to ensure that the cages will be processed, on the average, in 30 minutes or less. Assume processing time is exponentially distributed.
Answer: μ = 10 trucks per hour
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Concerning application of the lower of cost or market method under either the LIFO or retail inventory method, which one of the following statements is true regarding the constraints on market value?
A) The upper constraint is estimated selling price less costs of completion and disposal. B) The lower constraint is net realizable value less costs of completion and disposal. C) The lower constraint is estimated selling price less a normal profit margin. D) The upper constraint is estimated selling price less costs of completion and disposal and a normal profit margin.
The marketing research problem asks what the DM needs to do, whereas the management decision problem asks what information is needed and how it can best be obtained (Table 2.1 in the text)
Indicate whether the statement is true or false
A supplier is an external stakeholder that
A. competes for customers or resources. B. helps a company sell its goods and services to customers. C. joins forces with another company to achieve advantages that neither can achieve on its own. D. rescinds tax breaks when firms don't deliver promised jobs. E. provides raw materials, services, equipment, labor, or energy.
If there are many barriers to entry, the threat of new entrants is greater.
Answer the following statement true (T) or false (F)