If, in a simple queuing or waiting line problem, we wish to know the maximum likely waiting time, or the maximum likely length of the line, we must use a simulation model
Indicate whether the statement is true or false
TRUE
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During the 2000s, banks became complacent about making mortgage loans because
A. there was not a single bank failure in the decade. B. bank stocks performed better than the rest of the stock market. C. the banks counted on housing prices to keep appreciating. D. the government eliminated the FDIC.
If an activity whose normal duration is 15 days can be shortened to 10 days for an added cost of $2,000, what is the crash cost per period?
A) $400 B) $2,000 C) $10,000 D) $20,000 E) $30,000
A Theory of Constraints (TOC) advocate visits your factory and seems bemused by your use of EOQ to set your batch sizes. You launch into a brilliant defense of the EOQ
The TOC advocate grabs a piece of chalk and proceeds to sketch two sets of inventory cost curves on your pristine shop floor. What will his two different sets of cost curves look like and why?
Richard recently received $10,000 of compensation for some consulting work (paid in cash). Jeffrey recently received $10,000 of interest income from city of Dallas bonds. Both taxpayers report no taxable income from these transactions. Is this considered tax avoidance or tax evasion? What is the difference, if any, between the two?
What will be an ideal response?