A behavioral approach that evaluates the impact on a firm's return through simultaneous changes in a number variables of a project is called ________
A) sensitivity analysis
B) scenario analysis
C) simulation analysis
D) Monte Carlo simulation
B
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Simonet and Tett studied the difference between leadership and management. Which of the following best reflects their findings?
A. leadership and management are two totally distinct competencies B. leadership involves creative thinking and comfort with ambiguity C. managers cannot practice leadership D. leaders cannot practice management
Process X has fixed costs of $10,000 and variable costs of $2.40 per unit. Process Y has fixed costs of $9,000 and variable costs of $2.25 per unit. Which of the following statements is TRUE?
A) The crossover point is approximately 6667 units. B) It is impossible for one process to have both of its costs lower than those of another process. C) Process Y is cheaper than process X at all volumes. D) Process X should be selected for very large production volumes. E) Process X is more profitable than process Y and should be selected.
Describe recommendations for maximizing the benefits of learner control.
What will be an ideal response?
Which of the following statements is true with regard to JIT in global supply chains?
a. Shipping numerous small quantities of products is less cost-effective over long distances. b. Communication is not as important as it is replaced by Kanban. c. JIT can increase the number of suppliers. d. JIT can decrease the quality of goods supplied.