Describe the production scheduling linear programming application

What will be an ideal response?


a decision aid similar to the production mix application, but optimizes cost/profit over several future time periods

Business

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Relocating production to low-wage countries is a viable strategy for sustainable competitive advantage

Indicate whether the statement is true or false

Business

Phan Company has not reported a profit in five years. This year the company would like to narrow its loss to $7,500. Assuming its selling price is $36.50 per unit and its variable costs per unit are $24, how many units must be sold to achieve its target given that total fixed costs are $60,000?

A. 1,439 B. 4,200 C. 1,600 D. 2,188

Business

Alex has set a goal for Haley to sell 25 gym memberships this month. Alex realizes that Haley may feel apprehensive about trying to sell such a large amount of memberships in one month, but she believes the challenge will motivate her into achieving the goal. This scenario reflects which characteristic of goal setting theory?

a. Specific goals b. Difficult goals c. Goal acceptance and commitment d. Feedback

Business

Which of the following statements about student loans is not true?

A) If you don't complete your education, you will not have to pay back your student loan. B) A school's financial aid office is a good source of information on student loans. C) Both the federal government and financial institutions participate in the student loan program. D) Interest is often deferred and there can be tax savings on the interest paid on student loans.

Business