ABS specializes in repair and maintenance of industrial machines. One repair technician has been assigned to five identical grinding machines for repair and maintenance. The machine breaks down after about 20 hr of use, and breakdowns have a Poisson probability distribution. It takes 6 hr to repair a machine, and repair times follow an exponential distribution. Machine downtime costs the company $250 an hour, and the technician is paid $50 an hour. Determine the total cost per hour.
A. $550.34
B. $582.50
C. $284.50
D. $725.50
B. $582.50
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Reaching out to universities, suppliers, customers, and others in a move toward research collaboration is referred to as?
a. Net casting b. Research distribution c. Entrepreneurial marketing d. Open innovation
Which of the following is an example of incidental damages you might be awarded if you are wrongfully terminated from your job?
a. The costs of psychological counseling. b. The costs of mailing resumes to prospective employers. c. The costs of a new wardrobe for future interviews. d. The costs of cosmetic surgery.
Activities that an organization does well or resources that it has available are called capabilities.
Answer the following statement true (T) or false (F)
Megan contracts to sell Nonny her horse for $4,000. This contract will be fully discharged when Megan and Nonny
A. agree that the deal is fair B. execute a bill of sale C. sign a receipt D. exchange the horse for the money