Linear programming models are considered to be:
a. A popular tool that can be used to solve selected optimization models.
b. An optimization tool that can be used to solve any business models.
c. A descriptive analytics tool that can be used to analyze organizational data.
d. All of the above
A
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Balser Corporation manufactures and sells a number of products, including a product called JYMP. Results for last year for the manufacture and sale of JYMPs are as follows: Sales $960,000 Less expenses: Variable production costs$464,000 Sales commissions 144,000 Salary of product manager 100,000 Fixed product advertising 160,000 Fixed manufacturing overhead 132,000 1,000,000 Net operating loss $(40,000)Balser is trying to decide whether to discontinue the manufacture and sale of JYMPs. All expenses other than fixed manufacturing overhead are avoidable if the product is dropped. None of the fixed manufacturing overhead is avoidable.Assume that dropping Product JYMP will have no effect on other products. The annual financial
advantage (disadvantage) for the company of eliminating this product should be: A. ($132,000) B. ($92,000) C. $40,000 D. ($172,000)
What of the following is a challenge faced by malls?
A. There is little entertainment value at malls. B. Many aging malls have not been updated and are unappealing to shoppers. C. Foot traffic is low at malls. D. Customers are not able to stay at malls for extended periods of time because of the lack of places to get food. E. Mall management does not maintain consist hours of operation for retailers.
According to the text, the ________ is a statistic that describes a location within a data set
A) measures of location B) measures of variability C) measures of association D) measures of relativity E) measures of position
Which term below is defined as a pattern of shared norms, rules, values, and beliefs that guide the attitudes and behaviors of its employees?
A. organizational communication B. organizational vision C. organizational culture D. organizational mission