time Sully orders the material to when it is received. If Sully’s desired safety stock is 12‚000 yards‚ what is Sully’s order point? a. 12‚000 yards b. 21‚000 yards c. 30‚000 yards d. 42‚000 yards ANS: D 3‚000 (daily usage) x 10 (lead time) 30‚000 Safety stock 12‚000 Order point 42‚000 PTS: 1 DIF: Moderate REF: P. OBJ: 1 NAT: IMA 3A - Strategic Management TOP: AACSB - Analytic 2. What is the objective of the economic order quantity (EOQ) model for inventory? a. To minimize order costs or
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TUTORIAL 4 – DISCRETE DISTRIBUTIONS Question 1 An experiment consists of picking a card at random from a standard deck of cards and replacing it. If this experiment is performed 12 times‚ what is the probability that you get: (a) exactly 2 aces; (b) exactly 3 hearts; (c) more than 1 heart. Solution Let n = 12‚ the no of experiments. (a) Let p = probability of obtaining an ace in an experiment of picking a card at random from a standard deck of cards; and = 4/52 = 1/13
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techniques used by Benjamin to explore the role race played in the lives of elite African Americans. What did Benjamin find? Answer: Studying the African American Elite Sociologist Lois Benjamin used survey research method to investigate the effects of racism on talented African American men and women. A survey is a research method in which subjects respond to a series of statements or questions in a questionnaire or an interview. Survey research is usually descriptive rather than explanatory. Surveys
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Auditing Standards issued by the PCAOB are the sole source of guidance for audits of public entities. True False 3. Attestation standards provide guidance for a wide variety of engagements different in scope than an audit. True False 4. Generally accepted auditing standards must be followed on all audit engagements. True False 5. The reporting principle relates to a firm’s system of quality control criteria for conducting an audit. True False 6. Auditors cannot effectively satisfy the
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are influenced by government. Microeconomics involves the analysis of how consumers make decisions about what to consume‚ how firms decide what and how much to produce‚ and how the interactions of consumers and firms determine how much of a good will be sold‚ and at what price. Many interesting questions can be approached by applying the methodology developed. For example‚ how will a cut in price of V3 Motorola hand - phone affect the quantities of these items that people buying? It is the standard
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Sense and Sensibility Volume 1 CH 4-22 Chapter 4 1. Elinor has a different opinion of Edward. What is her opinion? Elinor finds Edward handsome and lovable 2. There is an old saying that states‚ “Beauty is in the eye of the beholder.” How might this saying apply to these two differing views of Edward? Elinor finds Edward to be both handsome and lovable and by the Elinor’s first opinion of Edward‚ it is clear that the beauty is apart of the beholder. 3. By the end of this chapter‚ the Dashwood
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not at all enough. He then started asking his friends‚ relatives & banks. He got money from the following places:- Sr. No. Name of the Investor Amount in Rs. 1 His uncle- Mr. Sunderlal Shah 500‚000 2 His friend- Mr. Tarak Mehta 400‚000 3 His own 600‚000 4 State Bank of India 600‚000 5 HDFC Bank 500‚000 Total →2‚600‚000 He decided to repay all this money after one year. He took all the Loans under the name of Flowpipes. This name was suggested by his father Mr. Champaklal
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Power of Markets What are the two basic assumptions that economists make about individuals and firms? Economists have two basic assumptions which keeps the economy in check. One is that people try to make themselves as versatile as possible maximizing their overall potential. The other is that a firm would do what it needs to make the most profit possible. What is the role and significance of prices in the market economy? Prices in a market economy are very important. Price allows us to give
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first place. People like David Ogilvy‚ Bill Bernbach‚ Claude Hopkins and Rosser Reeves were all outstanding planners. No one has a guaranteed formula when it comes to account planning. One thing that all these experts have in common is that they understand people. The easiest way to answer this question is simply to say that account planning is about having consumer focus and providing the client with the right advertising. In other words‚ the planner plays and important role in creating a deeper
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Post-Lesson Assessment Assessment Review Status Question 1) According to the World Health Organization (WHO)‚ how could at least half a million deaths due to surgical error be prevented every year? Your Answer:b) By implementing systemic changes in operating rooms Correct Answer:b) By implementing systemic changes in operating rooms At least half a million deaths per year could be prevented with effective implementation of systemic improvements in operating rooms. Specifically‚ multiple studies
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