If each contract is worth $4000 but it costs $200 per week to work on a contract, what is the profit resulting from a simulation drawing of the numbers 72, 36, 8, 71, and 94?
What will be an ideal response?
Answer: $15,200 is the profit; revenues are $20,000 and expenses are 24 weeks @ $200/week
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Which of the following statements is false regarding activities in an ABC system?
A) As a business becomes more complex, more activities will probably need to be identified. B) Two different manufacturing companies that make the same products may come up with different sets of activities and cost drivers. C) The maximum number of activities that should be identified as batch-level is two. D) Overhead costs may be allocated to more than one activity.
Detailed production schedule is the ______ set of decisions in the hierarchy of operations decision for ______ organizations.
A. last; manufacturing B. first; manufacturing C. last; service D. first; service
The stage of the product life cycle in which competitors are most likely to introduce product improvements is the market growth stage.
Answer the following statement true (T) or false (F)
Answer the following statement(s) true (T) or false (F)
1. A non-directional test has one tail.
2. 
3. 
4. If the null contains ?, the alternative must contain the ?.
5. It is more difficult to reject the null with a 1% significance level than a 5% significance level.