Magnira Hotels is a leading chain of hotels. Its managers reserve 30% of the rooms available only to the members of its club. They also provide the rooms at subsidized prices to these members. In this scenario, which of the following components of revenue management system is most likely used by Magnira Hotels?
A) Investment
B) Allocation
C) Capacity expansion
D) Capacity sharing
B
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Business use of instant messaging (IM) ________
A) is restricted for informal communication only B) is expected to decline in coming years C) allows employees to communicate real-time information D) is typically recommended for sharing confidential information E) is not allowed for formal communication
Alex is considering replacing old machinery with a new one. The old machinery can still be used for another 2 years. The depreciation on the old machinery represents which type of cost?
a. Variable costs b. Relevant costs c. Sunk costs d. Opportunity costs
When formulating a goal programming model, the decision maker will use constraints similar to those used in regular linear or nonlinear programming models. In goal programming models, these constraints are known as:
a. System constraints b. Deviational constraints c. Priority constraints d. Any of the above
Congresswoman Smith and other politicians want to prohibit the import of certain genetically modified agricultural products that they believe may pose a danger to domestic crops. With respect to these products' import, Congress can
a. do nothing. b. impose quotas, but not tariffs. c. impose tariffs, but not quotas. d. prohibit the imports.