Identify and explain the two methods of decision making, and give examples of each.
What will be an ideal response?
Student answers and examples will vary but should reflect an understanding of programmed and nonprogrammed decisions, as well as the differences and appropriate applications of each. A sample answer follows.
The two methods that employees can use to make decisions are programmed and nonprogrammed methods. Programmed decisions are decisions that become somewhat automatic because people's knowledge allows them to recognize and identify a situation and the course of action that needs to be taken, such as the process a hotel clerk uses to check in guests. When a situation arises that is new, complex, and not recognized, it calls for a nonprogrammed decision on the part of the employee, such as when there is an emergency at a car factory.
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Manufacturing resource planning (MRP) is an integrated decision support system for planning, executing, and controlling manufacturing operations
Indicate whether the statement is true or false
ABC, Inc., is a small clothing manufacturer that produces shirts and pants using two resources: sewing machine hours and cutting machine hours. The production manager can schedule up to 240 hr of sewing machine time and up to 150 hr of cutting machine time. Production of one shirt requires 3 hr of sewing time and 1 hr of cutting time. Each pair of pants requires 2 hr of sewing time and 1.5 hr of cutting time. Each shirt yields a profit of $5, and each pair of pants generates a $6 profit. The objective is to maximize profits. Let X1 = Number of shirts to be produced, X2 = Number of pairs of pants to be produced. Determine the value of X1 and X2 (that maximizes profit) using corner point method.
A. X1 = 0, X2 = 100 B. X1 = 120, X2 = 0 C. X1 = 84, X2 = 24 D. X1 = 24, X2 = 84
The Bankruptcy Code uses the term "bankrupt" to refer to a person who cannot pay his debts
a. True b. False Indicate whether the statement is true or false
One RISK of a line-of credit is that the borrower is only charged on the amount of the credit that is actually utilized
Indicate whether the statement is true or false