Identify at least four factors in addition to delivery speed (and its impact on holding cost) that may need to be considered when choosing the best mode of shipment
What will be an ideal response?
The four presented in the text are: 1. on-time delivery, 2. coordinating shipments to maintain a schedule, 3 . getting a new product to market, and 4. keeping a customer happy.
Students may think of other valid considerations as well.
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Which of the following is NOT recommended concerning the use of gestures during a business presentation?
a. Vary hand motions to emphasize important points; otherwise, relax your hands in your pockets. b. Try to use only one hand to make points unless you specifically need two. c. Eliminate nervous gestures that distract the audience. d. Refine your gestures to portray a relaxed, approachable appearance.
A manager is deciding whether or not to build a small facility. Demand is uncertain and can be either at a high or low level. If the manager chooses a small facility and demand is low, the payoff is $100
If the manager chooses a small facility and demand is high, the payoff is $300. On the other hand, if the manager chooses a large facility and demand is low, the payoff is -$200, but if demand is high, the payoff is $800. (a) What would be the best decision based on the Laplace criterion? (b) What would be the best decision based on Hurwicz's criterion of realism using ? = 0.6?
Regarding supermarkets, which of the following statements is true?
A. Supermarket net profits after taxes usually are about 1 to 2 percent of sales or less. B. It's best to think of supermarkets as "conventional retailers." C. The early supermarkets were based on the premise that consumers would pay more for better selection and service. D. Worldwide, supermarkets make up the majority of food stores. E. All these answers are correct.
Which of the following statements is true of near transfer?
A. Programs that emphasize near transfer must include general principles that apply to a greater set of contexts than those presented in training. B. Trainees should be encouraged to focus on important differences between training tasks and work tasks. C. Teaching learners to create a new product requires training with an emphasis on near transfer. D. If the tasks emphasized in training involve variable interactions with people, then instruction should emphasize near transfer.