A firm that assembles refrigerators and stoves is about to start production of new models of each. Each model will require assembly time, inspection time, and storage space. The amounts of each of these resources that can be devoted to the production of the items is limited. The manager of the firm would like to determine the quantity of each item to produce in order to maximize the profit generated by sales. He has the following data at his disposal: Refridgerators Stoves Profit per unit $60 $50 Assembly time per unit 4 hours 10 hours Inspection time per unit 2 hours 1 hour Storage space per unit 3 cubic feet 3 cubic feet Other information Resource Amount of time available Assembly time 100 hours Inspection time 22 hours Storage space 39 cubic feet Questions - •Identify the feasible solution space. •At which point will profit be maximized?

QUESTION 83 Once a customer has evaluated alternatives and made a choice, three basic issues are left: where to buy, how to pay for it, and: a. how to lower risk. b. what options are available. c. what is the rationale for purchase. d. when to buy it.   QUESTION 84 You are working in the marketing area of a large firm, and the CEO has just expressed her anger at the marketing research done by your area. She said, “This doesn’t help me at all. How much money and time have we wasted? And, how did this happen? Aren’t you supposed to be marketing professionals?” You and your team are trying to understand just what went wrong before going back to the CEO. Which of the following is NOT a possibility your team should consider? a. The team could have gotten a better definition of what the CEO wanted to know before beginning the research b. The team could have hired an outside agency to do the research instead of doing it themselves. c. The team could have started at the end and worked…

Question 3The weekly demand for a product, which is held in stock is always 90 units.When an order for new stock is placed, it is delivered almost instantaneously by an ordering cost of 50,000 is incurred. The product costs 3,000 per unit,and it costs 15 percent of this amount to hold a unit in stock for a year.Currently, orders are placed for 2000 units. There are 50 working weeks in ayear and lead time is one week. a) As a management science student, the MD of the company seeks yourexpert advice on ways in which to determine the economic order quantity,optimal order cycle time, re-order level and total annual inventory cost.Advise the MD, providing detailed explanation using your answer. Writeyour answer in a form of a report to the MD. b) Advise the MD about savings, if any, could be made by changing fromcurrent order quantity of GH¢ 2000 units to the one obtained in (a) above. c) Describe the order policy followed by the firm based on your calculations

Question 5: For a coffee shop, the cost associated with cups, coffee beans and lids are examples of ____costs. These ______ considered when building a MCS. Group of answer choices a Fixed costs; should be b Fixed costs; should not be c Variable costs; should not be d Variable costs; should be e None of these, these are programmed costs

Topic: Threats and controls of the disbursement cycle Lourdes works at the manufacturing company General Grains, Inc., where she serves as an inventory control employee. One of her tasks is to create orders for the necessary raw materials for manufacturing. Therefore, she periodically checks inventory levels from a computer in her office within the warehouse. Once she identifies the items that need to be restocked, she reviews the list of suppliers, selects one, and creates a purchase order from her computer, adding a new entry to the purchase orders file. Additionally, she prints a copy of the purchase order and sends it via mail to the supplier. As a final step, Lourdes sends an email to the accounts payable officer and the receptionist, providing them with a link that grants access to the purchase order from their respective computer terminals. All company computers are networked to a centralized accounting system, giving all involved parties access to the same information. When the…

Question 5 Catherine purchased a segregated fund 12 years ago with a 10-year maturity and death benefit guarantee. She has conducted no transactions since then, and when she looks at her annual statement, she realizes that the market value of her fund is higher than the guarantee. She starts checking her annual statements of previous years and realizes for the first time that the market value in the 10th year was below the guarantee to which she was entitled. Is Catherine entitled to the guarantee top-up for the 10th year of the contract? a) Yes, it was automatically deposited in her account b) Yes, but it will be paid only on expiration of the contract c) No, because it's too late to claim d) No, there was no disposition to this effect.

Question 9 Listen You have a bag of 10 marbles. Two marbles are red, three marbles are white, and five marbles are black. Using the multiplication rule for dependent and in- dependent events, what are the probabilities for the following events? **HINT** Order matters With replacement n' Without replacement n! (n-r)! Order doesn't matter (+)- (n+r-1)! (n-1)!! (c)-- 111(115) Draw two red marbles without replacement. Draw a red marble and then a black marble without replacement. Draw a white marble and then a black marble with replacement. Draw two black marbles with replacement. a. b. 45 C. 3 20 d. 4

QUESTION 1 Which of the following statements regarding foreast sharing game is INCORRECT?     Retailer only faces underage risk.     Supplier faces both underage and overage risks.     Suppliers tend to produce less than the supply chain optimal quantity.     The retailer has to purchase at least the quantity it reports to the supplier.   QUESTION 2 Assume that the firm can source from 2 faraway suppliers (each has Lead time = 4 months, capacity=60 k) and 2 Closeby suppliers (each Lead time =0 month, capacity=40k). The sales season starts in May. Which of the following statements regarding sourcing is INCORRECT?     The production change should be only applied to the Closeby supplier so that the firm can benefit from the change in time.     The production at the Faraway supplier should start in January and the production at Close-by supplier should start in May.     The firm should source from a combination of one faraway supplier and one close-by…

QUESTION 2 In an effort to reduce energy costs, a major university has installed more efficient lights as well as automatic sensors that turn the lights off when no movement is present in a room. Historically, the cost of lighting an average classroom for 1 week has been $265. To determine whether the changes have signficantly reduced costs, the university takes a sample of 50 classrooms. They find that the average cost for 1 week is $247 with a standard deviation of $60. When testing the hypothesis (at the 5% level of significance) that the average energy use has decreased from the past, what is the test statistic? (please round your answer to 2 decimal places)

Companies that invest in their people will create long-lasting competitive advantages that are difficult for other companies to duplicate   Question 12 options:   True   False