Which of the following would be classified as a product-level activity?
A. Running the Human Resource department.
B. Advertising a product.
C. Operating a cafeteria for employees.
D. Setting up a machine for a batch of a standard product.
Answer: B
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The objective of a linear programming problem is to maximize 1.50A + 1.50B, subject to 3A + 2B ? 600, 2A + 4B ? 600, 1A + 3B ? 420, and A,B ? 0
a. Plot the constraints on the grid below c. Identify the feasible region and its corner points. Show your work. d. What is the optimal product mix for this problem?
Which range of difficulty should normally be used to develop standards?
A. Practical standards B. Inflated standards C. Lax standards D. Ideal standards
Two metrics that are used to measure a company's financial performance are net income and cash flow. Accountants emphasize net income as calculated in accordance with generally accepted accounting principles. Finance people generally put at least as much weight on cash flows as they do on net income.
Answer the following statement true (T) or false (F)
At steady state
a. ?1(n+1) > ?1(n) b. ?1 = ?2 c. ?1 + ?2 ? 1 d. ?1(n+1) = ?1