Describe the CabSense application used by the New York City Taxi and Limousine Commission
What will be an ideal response?
Sense Networks has built a mobile application called CabSense that analyzes large amounts of data from the New York City Taxi and Limousine Commission. CabSense helps New Yorkers and visitors in finding the best corners for hailing a taxi based on the person's location, day of the week, and time. CabSense rates the street corners on a 5-point scale by making use of machine-learning algorithms applied to the vast amounts of historical location points obtained from the pickups and drop-offs of all New York City cabs. Although the app does not give the exact location of cabs in real time, its data-crunching predictions enable people to get to a street corner that has the highest probability of finding a cab.
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Elfalan Corporation produces a single product. The cost of producing and selling a single unit of this product at the company's normal activity level of 43,000 units per month is as follows: Per UnitDirect materials$44.10?Direct labor$8.40?Variable manufacturing overhead$1.40?Fixed manufacturing overhead$17.90?Variable selling & administrative expense$2.40?Fixed selling & administrative expense$11.00?The normal selling price of the product is $92.10 per unit.An order has been received from an overseas customer for 2300 units to be delivered this month at a special discounted price. This order would not change the total amount of the company's fixed costs. The variable selling and administrative expense would be $1.50 less per unit on this order than on normal sales.Direct
labor is a variable cost in this company.Suppose there is ample idle capacity to produce the units required by the overseas customer and the special discounted price on the special order is $79.40 per unit. The monthly financial advantage (disadvantage) for the company as a result of accepting this special order should be: A. $56,580 B. $(13,340) C. $15,410 D. $(27,000)
Understanding effective leadership by identifying traits that can distinguish leaders from non-leaders is known as ______.
a. the Great Man approach b. emotional intelligence c. character-based leadership d. paradoxical leadership
For service-oriented businesses, pricing is determined using cost-based approaches that add the cost of overhead to materials, parts, and labor via markup percentages
Indicate whether the statement is true or false
Feedback-based control systems measure outcomes and serve as a guide to corrective action.
Answer the following statement true (T) or false (F)