Describe how to simplify a present or past job of yours. Does an elimination, combination, or change in sequence help simplify the job?
What will be an ideal response?
Student answers will vary; additional sample answers may be found in the IM.
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In a ________ purchasing situation, the buyer wants to make some change to existing product specifications, prices, delivery requirements, or other terms
A) new rebuy B) regular buy C) straight rebuy D) modified rebuy E) new task
Last year, a soft drink manufacturer had 21% of the market. In order to increase their portion of the market, the manufacturer has introduced a new flavor in their soft drinks. A sample of 400 individuals participated in the taste test and 100 indicated that they like the taste. We are interested in determining if more than 21% of the population will like the new soft drink. a.Set up the null and the alternative hypotheses.b.Determine the test statistic.c.Determine the p-value.d.Using ? = .05, test to determine if more than 21% of the population will like the new soft drink.
What will be an ideal response?
A group of items such as incoming shipments of raw material is called _____
a. a sample plan b. an incoming control c. a lot d. None of the answers is correct.
A canned food manufacturer has its manufacturing plants in three locations across a state. Their product has to be transported to three central distribution centers, which in turn disperse the goods to seventy-two stores across the state. Which of the following is most likely to be the objective function in this scenario?
a. Increasing the number of goods manufactured at the plant b. Decreasing the cost of their raw material sourcing c. Minimizing the cost of shipping goods from the plant to the store d. Minimizing the quantity of goods distributed across the stores