________ is an occurrence in transportation problems when too few shipping routes are being used to allow calculation of improvement indices
Fill in the blanks with correct word
Degeneracy
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Sales reps might have better insight into developing trends than any other group, and forecasting might give them greater confidence in their sales quotas and more incentive to achieve them
Indicate whether the statement is true or false
A small metal shop operates 10 hours each day, producing 100 parts/hour. If productivity were increased 20%, how many hours would the plant have to work to produce 1000 parts?
A) less than 2 hours B) between 9 and 10 hours C) between 2 and 6 hours D) between 6 and 8 hours E) between 8 and 9 hours
A company makes a product using two materials, one of which is interchangeable with a third material. The standards for producing one 200-pound batch are presented below. The last 200-pound batch was produced using 140 pounds of M and 90 pounds of O. The price of M was $0.03 per pound and the actual price of O was $0.10.MaterialStandard Quantity (lbs) StandardCost/lb. Total CostO 0 $0.10 $0 H 80 0.08 6.40 M 120 0.02 2.40 200 $8.80 What is the material yield variance?
A. $3.00. B. $1.32. C. $1.68. D. $1.12.
Roderick possesses five hundred acres of forested property. Roderick has the right to use the land, including cutting its timber, for life. Roderick also has the right to lease the land for a period not to exceed his life. This ownership interest is A) a fee simple absolute
B) a leasehold estate. C) a life estate. D) an easement.