ABC, Inc., is a small clothing manufacturer that produces polo 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 polo 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 polo shirt yields a profit of $5, and each pair of pants generates a $6 profit. The objective is to maximize profits. How many decision variables are there in this LP formulation?
A. one
B. two
C. three
D. four
B. two
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Answer the following statements true (T) or false (F)
1.An implied contract exists when parties form an agreement from their actions rather than from a specific oral or written agreement. 2.Collective bargaining is the negotiation process resulting in a contract between union employees and management that covers employment conditions. 3. strike occurs when management stops all work and physically prevents workers from entering the workplace. 4.Functional conflict prevents the achievement of individual and organizational objectives. 5.Alternative dispute resolution includes a series of tools, most commonly either mediation or arbitration, which parties in conflict can use to resolve their disagreements without going through the process of litigation.
Market size, customer lifestyles, and population shifts are all important geographic segmentation tools.
Answer the following statement true (T) or false (F)
The fundamental reason why a company acquires other brands is the need to grow.
a. True b. False
Which of the following countries has a national policy that requires that all web sites be registered and in compliance with national guidelines about certain content?
A) Japan B) China C) U.S. D) U.K.