28 minutes out of 4 hours. Instructions false Question 1 5 out of 5 points Regret is the difference between the payoff from the best decision and all other decision payoffs. Answer Selected Answer: Correct Answer: Question 2 5 out of 5 points Variable costs are independent of volume and remain constant. True True Answer Selected Answer: False Correct Answer: Question 3 5 out of 5 points False Regret is the difference between the payoff from the Answer Selected Answer: best decision
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Identify and explain the main political‚ economic and social factors that are likely to affect Thomas Cook plc. Political factors that may affect Thomas Cook plc may include civil unrest for example in Syria. This may affect Thomas Cook as their sales may decrease due to the lack of interest in visiting that country in turn giving low profits. Thomas Cook could be affected in the same way by the introduction of terrorist attacks‚ potentially facing a decrease in sales and even flights taking place
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Propaganda and terror were equally important for enabling Hitler and the nazis to keep control over Germany. How far do you agree? I this essay I will explore the merits of both methods in keeping control and analyse the arguments for the different cases associated with the statement before concluding with my own personal opinion. There are some who believe terror was more important than the use of propaganda. Fear was a powerful tool and one that the nazis had no issue in exploiting. They
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Is CAPS more likely to promote access and equity and social justice than C2005 and the RNCS did? Submitted to Lynn Slonimsky: Wits School of Education Date: 11 September 2012 By: Antoinette N. Malgas Student Number: 0318127x In this essay the writer will attempt to critically discuss whether CAPS is more likely to promote access‚ equity and social justice than C2005 and RNCS did. First I will give the definition of CAPS as per the Department of Education‚ followed by the discussion
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future. Payoffs are usually expressed as revenues or costs‚ but the can be expressed in a variety of values. Once a payoff table has been organized‚ there are several criteria available for making the actual decision. One of those is the maximax criterion. The maximax criterion results in the maximum of the maximum payoffs. The decision maker would be very optimistic. They would assume the most favorable state of nature would occur. When considering profit‚ the decision maker would pick the state of
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job involvement c. job stability d. organizational commitment e. social embeddedness 12. Which of the following statements would have been most likely made by an employee with a high degree of job involvement? a. “My skills make me exceptionally valuable to the company.” b. “I’m a harder worker than most of my colleagues‚ even to the degree I am carrying some of the lazier ones.”
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Types of companies which are most likely to adopt cloud-based ERP and CRM software services will be companies that want to cut IT staff cost. With CRM and ERP‚ a business can be up and running with the software quickly which less need for in-house IT staff or high levels of technical skills‚ and things like security and upgrades are looked after by the vendor. This is because the difference between cloud and on-premise is that cloud-computing makes your software an operational expense rather than
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Exercise 1 page 224 a. Using Maximax‚ the worst payoffs for the alternatives are as follws: Do nothing: $60 thousands Expand: $80 thousands Subcontract: $70 thousands Hence‚ since $80 thousands is the best‚ choose to expand the firms using the maximax strategy b. Using Maximin Do nothing: $50 thousands Expand: $20 thousands Subcontract: $40 thousands Hence‚ since $50 thousands is the best‚ choose to do nothing using the maximin strategy c. Using Laplace For the Laplace criterion
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Decision Making without Probabilities • Three commonly used criteria for decision making when probability information regarding the likelihood of the states of nature is unavailable are: – the optimistic approach – the conservative approach – the minimax regret approach. Optimistic Approach • The optimistic approach would be used by an optimistic decision maker. • The decision with the largest possible payoff is chosen. • If the payoff table was in terms of costs‚ the decision with the lowest cost
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Introduction to Management Science: Quantitative Methods: 50 Multiple Choice Questions Question 1 In a balanced transportation model where supply equals demand‚ a. all constraints are equalities b. none of the constraints are equalities c. all constraints are inequalities d. none of the constraints are inequalities Question 2 In a transportation problem‚ items are allocated from sources to destinations a. at a maximum cost b. at a minimum cost c. at a minimum profit d. at
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