Naturally, the professor will purchase the optimal number of boxes. (He's had a course or two in supply chain management and knows this model well.)
If each of his friends purchases only one box, how many friends will he turn away because he runs out of boxes of souvenirs?
A) 5
B) 3
C) 2
D) 1
Answer: C
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In behavioral learning, a ________ is the reward that is given to a consumer.
A. response B. stimulus C. reinforcement D. motivator E. cue
Diamond Plywood, Inc., manufactures four types of plywood panels. Each product must go through the following operations: patching, grading, gluing, and baking. The time in hours required for each operation for each panel, the total capacity available for each of these operations in a given month, as well as the minimum production requirements and the profit contributions per panel are given in the following table. Based on this information, at the optimal production point what is the profit from tropical plywood panels?
A. $7,400.00
B. $3,600.00
C. $6,640.00
D. $7,950.00
You know that you are on the way to peak performance when you
A) are beginning to feel some fatigue from the task. B) receive the coaching that you need to perform well. C) engage in multitasking. D) totally focus on what you are doing.
If the order quantity per order is 2,000 units, annual demand is 10,000, and cost per order is $50, then which of the following statements is true?
a. There are five orders in the year. b. The total annual ordering cost is $2,500. c. The holding cost per unit is $2.50. d. The total annual holding costs are $25,000 (= $2.50 * 10,000).