Which of the following statements about simulation is BEST?
A) Tools like optimization and regression analysis work best when they are simulated.
B) Simulation permits managers to test the effects of new policies and procedures without disrupting customer service.
C) As computers have increased in power, simulation results have become less accurate.
D) Computer-based simulation is the only "true" simulation.
Answer: B
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A hydraulic lever has a mean time between failures of 6,500 hr and mean time to repair of 600 hr. In this case, the availability is ______.
A. 0.915 B. 0.960 C. 0.930 D. 0.910
Answer the following statements true (T) or false (F)
1. According to situational leadership, D3 subordinates may be highly skilled but also lack commitment. 2. D4 subordinates are not certain that they can do the job by themselves. 3. Situational leadership requires the clear recognition of subordinate needs. 4. The SLII model emphasizes flexibility in leadership style. 5. In SLII, Style 2 is low directive and low supportive.
Explain the significance of a downward-sloping experience curve
What will be an ideal response?
In February, one of the processing departments at Wyke Corporation had ending work in process inventory of $15,000. During the month, $264,000 of costs were added to production and the cost of units transferred out from the department was $273,000. The company uses the FIFO method in its process costing system. In the department's cost reconciliation report for February, the total cost to be accounted for would be:
A. $552,000 B. $288,000 C. $39,000 D. $576,000