Consider the Demand for Microwave Ovens dataset. What is the total demand corresponding to random numbers 66, 68, 12, 34, 12, and 61?
a. 12
b. 9
c. 10
d. 11
a. 12
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Which of the following is not an example of waste?
a. Overproduction of products. b. Safety hazards that cause injury. c. Stand-alone processes that are not linked to upstream or downstream processes. d. All of the above are examples of waste.
Leicestershire Renovations has a history of problems with customers who do not pay their bills on time. Leicestershire Renovations wants to improve its cash situation, reduce bad debts, and reduce credit-collection costs
Which of the following forms of pricing would most likely help the firm achieve its goal? A) by-product pricing B) zone pricing C) cash discounts D) product bundling E) quantity discounts
Bob's Motel shows photos of a wide, sandy beach on its website, leading visitors to assume the motel is located on or near the beach. However, in reality Bob's Motel is located half a mile from the beach. Which of the service quality gaps does this demonstrate?
What will be an ideal response?
In a highly regulated, monopolistic industry, such as the electrical utility or TV cable, a cost management system is
a. of limited need because costs are typically passed along to customers via the rate structure. b. essential because of the need to provide the highest degree of cost efficiency possible for customers. c. critical to the needs of empowered employees making decisions at various levels of the organizational hierarchy. d. of no use because there is no attempt by management to control costs.