A survey of buying intentions is a type of quantitative forecasting.
Answer the following statement true (T) or false (F)
False
A survey of buying intentions is a form of nonquantitative forecasting.
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Developing global capacity plans is a(n) ______.
A. iterative and collaborative process B. process that is heavily regulated by the government C. annual process D. one-time process
Answer the following statements true (T) or false (F)
1) The payback and accounting rate of return (ARR) methods are suitable for investments with a relatively short time span. 2) The payback and accounting rate of return methods are often used to perform an initial screening of investments. 3) The payback method provides management with valuable information about the time period in which the cash invested will be recouped. 4) The net present value and internal rate of return methods are appropriate for longer-term investments because they ignore the time value of money. 5) Cash inflows include future cash revenue generated from an investment and any future residual value of the asset but exclude any future savings in ongoing cash operating costs resulting from the investment.
Rosie's Company has three products, P1, P2, and P3. The maximum Rosie's can sell is 65,000 units of P1, 24,000 units of P2, and 12,000 units of P3. Rosie's has limited production capacity of 9,000 hours. It can produce 12 units of P1, 6 units of P2, and 3 units of P3 per hour. Contribution margin per unit is $5 for the P1, $15 for the P2, and $25 for the P3. What is the most profitable sales mix for Rosie's Company?
A. 12,000 P1, 24,000 P2, 12,000 P3. B. 16,800 P1, 20,000 P2, 12,000 P3. C. 10,800 P1, 25,000 P2, 10,800 P3. D. 12,000 P1, 20,000 P2, 1,200 P3. E. 10,800 P1, 24,000 P2, 12,000 P3.
A dental clinic at which only one dentist works is open only two days a week. During those two days, the traffic arrivals follow a Poisson distribution with patients arriving at the rate of three per hour
The doctor serves patients at the rate of one every 15 minutes. a. What is the probability that the clinic is empty (except for the dentist and staff)? b. What is the probability that there are one or more patients in the system? c. What is the probability that there are four patients in the system? d. What is the probability that there are four or more patients in the system?