What is the average inventory if they order at the optimal order quantity?
A) 2670 cups
B) 2000 cups
C) 1335 cups
D) 667 cups
Answer: D
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In most situations the seller has a legal duty to disclose facts that might affect the buyer's decision to purchase
Indicate whether the statement is true or false
Describe the two types of ordering policies and the impact each has on safety inventory
What will be an ideal response?
Separate error rates with respect to the false negative and false positive cases are computed to take into account the:
a. assymetric costs in misclassification. b. symmetric weights of these two cases. c. distortions due to outliers. d. effect of sampling error.
Scenario B: Fresh Catch, a small, popular chain of seafood restaurants, wishes to hire a new general manager to oversee a local restaurant's day-to-day operations. The company human resources (HR) manager posts an advertisement in the local newspaper stating, "General manager wanted for a fast-paced, award-winning seafood restaurant. Applicants must have three years' experience in a comparable restaurant managing a large staff and ensuring the satisfaction of diners." In addition to making inquiries through industry contacts, the HR manager places the ad on the company's bulletin board and intranet. The HR manager then develops a pool of prospective candidates for the position and chooses from the pool of candidates when making decisions on whom to hire.The HR manager of Fresh Catch
developed a pool of prospective candidates for the job. This process is known as A. recruitment. B. benchmarking. C. insourcing. D. selection. E. concentration.