For a company that makes short-term loans, 20 minutes are required to review the loan, and 30 minutes to check credit; 10 employees who can check credit and 5 employees who can review loans are available, and it costs $50 for each loan. Which of the following would be included in the objective function?
A) The 20 minutes to review
B) The 30 minutes to credit check
C) 10 employee credit checkers
D) 5 employee reviewers
E) $50 loan cost
E
You might also like to view...
Randolph Scott operates a business as a sole proprietorship. This year his net profit was $10,570. For tax purposes this amount should be reported on:
A. A separate tax return prepared for the business operation B. Schedule E, Statement of Rent and Royalty Income C. The first page of Form 1040 as other income D. Schedule C, Statement of Profit or Loss from Business
Which of the following is one of the six basic factors the text indicates must be considered in developing a plan for sales call allocation?
A. Number of visual aids used in sales presentation B. Number of accounts in the territory C. Personality of the salesperson D. Cost of goods sold E. Types of products being sold
The manager is open to suggestions for forecasting models and decides to try both an exponential smoothing model with an alpha of 0.9 and exponential smoothing with an alpha of 0.3
He decides to use the actual value for January as the forecast for February just to get the exponential smoothing forecasting party started. Generate forecasts for the year using these technique and then calculate forecast errors using MAD to determine which is the superior method in this scenario.
In foreign licensing, licensors run the risk that unethical licensees may become their competitors, using information that they gained from the licensing agreement.
Answer the following statement true (T) or false (F)