If Salesperson X had a performance index of 80 and Salesperson Y had a performance index of 120,
A. Salesperson Y obviously had higher sales than Salesperson X.
B. the two would average out to 100-and this would suggest that "all is well."
C. Salesperson X may be having some problems and his or her sales performance should be investigated.
D. Salesperson X's performance should be investigated as a guide to improving everyone's performance.
E. Salesperson Y probably should be fired.
Answer: C
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Referring to Figure 2.2, Canada has a comparative advantage in
a. televisions. b. refrigerators. c. televisions and refrigerators. d. neither televisions nor refrigerators.
Cully Furniture buys two products for resale: big shelves (B) and medium shelves (M). Each big shelf costs $500 and requires 100 cubic feet of storage space, and each medium shelf costs $300 and requires 90 cubic feet of storage space
The company has $75,000 to invest in shelves this week, and the warehouse has 18,000 cubic feet available for storage. Profit for each big shelf is $300 and for each medium shelf is $150. In order to maximize profit, how many big shelves (B) and how many medium shelves (M) should be purchased? A) B = 90, M = 75 B) B = 150, M = 0 C) B = 0, M = 200 D) B = 100, M = 100
In which of the following has LP been applied successfully?
A) minimizing distance traveled by school buses carrying children B) minimizing 911 response time for police patrols C) minimizing labor costs for bank tellers while maintaining service levels D) determining the distribution system for multiple warehouses to multiple destinations E) all of the above
As the price of jeans rises, Lee is likely to
A. decrease production and thus decrease the supply. B. increase production and thus increase the supply. C. do nothing to influence the available supply of jeans. D. discontinue producing jeans in favor of a different product. E. increase production to influence the demand for jeans.