Question 1: The definition of a model is: a detailed description of all variables affecting a situation. O data adjusted for rational action. O a simplified description of reality to understand and predict an economic event. O a normative analysis of all variables affecting an event.

Q: Question: Develop a problem statement for the scenario given below by considering the variables…

A: A variable is described as a phenomenon, thing, place, person, quantity, number, characteristics, or…

Q: Question 6 The network topology to connect the devices is defined at Not yet answered O a.…

A: Ans) C (Physical Layer)

Q: Daily demand for sandwiches at a local deli is shown in the table. Using a 3 period weighted moving…

A: A Weighted Moving Average puts more weight on current data and less on past data. This is done by…

Q: QUESTION 56 For a customer to satisfy a need, he or she will need to search for information about…

A: QUESTION 56 For a customer to satisfy a need, he or she will need to search for information about…

Q: Multiple choice question   Productivity increases when Select one: a. inputs increase while outputs…

A: Industrial engineering is an engineering profession that's involved with the improvement of advanced…

Q: Question 8 According to force-field theory, a state of Inertia occurs when------ an organization…

A: According to force field theory, the 2 forces are always in opposition of one another towards an…

Q: Question 31 To ensure that the developed company organization works effectively and is sustainable,…

A: Effective and sustainable working is that the assigned job must be completed on time while using the…

Q: Use Holt’s double exponential smoothing with smoothing coefficients α=0.3, β=.15,  S1=24.13 and…

A: THE ANSWER IS AS BELOW:

Q: QUESTION 6 What is the problem in this situation? An electrical engineer performed a maintenance…

A: Answer: The question statement says that - 'An electrical engineer performed a maintenance task but…

Q: Question 1 After collecting all those information, David is trying to conceptualize his problem.…

A: Decision making is important in any business. The managers have to consider many factors that may…

Q: QUESTION 13 The value of data mining to the business is: O a. The ability to find the needle in the…

A: Data-mining software searches through large amounts of data for meaningful patterns of information.

Q: An independent contractor will earn business income while an employee will earn employment income.

A: A self-employed individual or business hired as a nonemployee to undertake work for or offer…

Q: QUESTION 42 In a contestable market O A. barriers to entry are quite high. O B. the threat of entry…

A: Introduction:  A contestable market is where new entrants can compete in the market. This market…

Q: Question (1a). Do you agree to the assertion that, the Fourth Industrial Revolution (4IR)…

A: Note: Only one question can be answered at a time according to our instructions.   The Fourth…

Q: practical understanding of a subject or a domain.  Knowledge is also the sum of what is currently…

A: There are different types of knowledge that exists. There are five main types of knowledge:…

Q: Question 30 Sandy Smith, vice president of marketing for a large consumer products company, will…

A: Sandy smith the Vice President for larger consumer products is travelling to colombia to increase…

Q: Management skills include:   Question 13 options:   leadership, time and stress management…

A: Recognizing and developing solid management abilities can help you establish yourself for a…

Q: Which of the following is NOT generally an area of measure in a balanced scorecard? Question 23…

A: Balanced scorecard is an example of a performance measurement system. By the components of this…

Q: Most decisions that managers make don’t fit the assumptions of perfect rationality, so they…

A: Managers are forced to make rational decisions despite unrealistic assumptions. They recognize that…

Q: In time series analysis, how do the mean absolute percentage error, the mean squared error, and the…

A: Time series analysis can be defined as an analysis of a sequence of observations or data points that…

Q: QUESTION 3 In an effort to reduce energy costs, a major university has installed more efficient…

A: This question is falling within the Operations Management -business statistics/Six Sigma subject,…

Q: Suppose that the government charges a toll t (a congestion charge) for each journey. Find the…

A: The optimal toll is :

Q: Question a. To select a reliable forecast technique that you can use to predict the future sales of…

A: Given data is

Q: Question 34 Often maeters compete in a way in which when one company gains a customer, the other…

A: Marketers can be explained as a person that tries to promote or sell the goods or services to the…

Q: Suppose the actual sales and the forecasted, or smoothed sales, for the past 5 months have been…

A: Find the Given Details below: Given Details: Actual Smoothed 54.4   76.8 54.4 75.5 72.3…

Q: Explain the SPACE Matrix in detail with suitable examples

A: SPACE MATRIX It is an administration tool that is cast-off to determine or analyze the deliberate…

Q: What is Monte Carlo simulation?, and explain how we can do it step by step into excel.

A: The monte Carlo combines random sampling of inputs and simulation to generate a frequency…

Q: Question 4 Conceptual skills are needed by managers to build upon job--‐specific, technical…

A: 4. True 5. True

Q: Question 38 Windows 10 is an example of A) Application Software Operating System Web Browsers (D)…

A: Windows 10 is a wide and major release developed by Microsoft. It is the successor of  Windows 8.1.

Q: question 3 1. The table below summarizes the number of cars sold in thousands, in car dealerships…

A: Make Number of units sold       (thousands) Honda 4.8 Audi 3.2 Ford 4.2 Toyota 3.8 Kia…

Q: Smith Corporation is using employee data on the length of the employee's commute to the office to…

A: The data is comprised of all the valuable data either qualitative or quantitative in order to…

Q: Question 13 Iogo is changing their package designs. What kind of decision-making are they doing? a)…

A: Decision-making relates to building preferences among various courses of action—that may also…

Q: The Management Accountant is one of the major providers of information for planning purposes.  To do…

A: In management, planning is defined as a process in which the managers establish the goals and…

Q: Question Help v A business student has $3500 available from a summer job and has identified three…

A: From the solver sensitivity report Name Reduced cost Shares purchased A 0 Shares purchased B…

Q: Case Study 1.1 MegaTech, Inc. MegaTech, Inc. designs and manufactures automotive components. For…

A: A marketplace is described as a platform where the vendors sell curated services and products to…

Q: Month [Bulan] Sales Units [Unit Jualan] 1 1100 2 1200 3 1450 4 1800 5 2100 6 2700…

A: The sales unit data for 6 months is given as below

Q: uestion: You have bid a large Information System to be developed for a famous multi-national…

A: Risk can be explained as the possibility or chances of happening something uncertain and that has an…

Q: a. Eesha is doing very well in Intermediate Microeconomics, but hires a graduate student to spend 2…

A: In a business context, behavior plays a vital role in shaping the business decisions, consumer…

Q: We should be very careful of the problem of _______. The test units who drop out may be…

A: Selection bias is introduced during data analysis that results in non-achievement of proper…

Q: The main philosophy and practice of marketing is the same whether marketing to a business…

A: c. True e. True

Q: Suppose the actual sales and the forecasted, or smoothed sales, for the past 5 months have been…

A: Find the Given details below: Given Details: Actual Smoothed 54.4   76.8 54.4 75.5 72.3…

Q: Throughout the 60's and 70's, CBS Evening News Anchor, Walter Cronkite used this tagline to sign-off…

A: As it is known, communication can be referred to the procedure of sending messages from the sender…

Q: “A research scholar has to work as a judge and derive the truth and not as a pleader who is only…

A: In this situation research, the chief objective is to assess or see justice overcome.

Q: Discussion Question #1- Using your "own words", discuss the differences among decision making under…

A: Decision-making is the cycle of making decisions by recognizing a decision, gathering data, and…

Q: What is Porter’s competitive forces model, how do organizations take advantage of competitive forces…

A: Porter’s five forces can be defined as the tool which helps in understanding the forces that helps…

Q: Question A reputable FMCG company is holding its Annual Sales Conference on January 30th 2021 for…

A: Techniques of forecasting which will be employed by the corporate for its existing and new products…

Q: Question 37 What is the greatest challenge that is unique to conducting and interpreting risk…

A: Risk evaluation is the most common way of surveying the probabilities and results of hazard…

Q: Question 14 In making a decision on how to act, the Institute of Business Ethics recommends three…

A: 12 instances of morals for the working environment  Here are instances of the most well-known…

Q: Question  Which activities involve putting the resources of the business into action to generate a…

A: Introduction: The term Business refers to an exchange of goods and services between the buyer and…

Breakeven Analysis

Break Even Analysis is a term used in business, cost accounting and economics. It refers to a point where the total cost incurred becomes equal to the total revenue earned. Break Even Analysis determines the number of units to be sold to earn the revenue required to cover the total costs. Total cost is a sum total of fixed and variable costs.

Process analysis

The term process analysis can be defined as breakdown of production process into different phases that converts inputs into output. A series of routine activities are incorporated using organizational resources with a view to achieve operational excellence.