In: Other
In: Other
In: Other
You are working in a small, student-run company that sends out merchandise with university branding to alumni around the world. Every day, you take a sample of 50 shipments that are ready to be shipped to the alumni and inspect them for correctness. Across all days, the average percentage of incorrect shipments is 5 percent. What would be the upper control limit for a p-chart?
a. 0
b. 0.05
c. 0.03082207 d. 0.142466
In: Other
A) C&A sells two kinds of eggs: brown and white. Brown eggs are 5% more expensive than white. Which of the following is the most appropriate way to measure how many eggs C&A has in inventory?
In dollars
In dozens
In inches
In ounces
B)Inventory turns and days-of-supply measure _______ items remain in __________.
how long, inventory
how valuable, inventory
how long, sales
how valuable, sales
C)Higher days of supply means _________ inventory. Higher turns means ______ inventory.
more, more
more, less
less, more
less, less
D)C&A is a car manufactures. If its annual inventory turns increases, what happens to its inventory level?
Remains the same
Increases
Decreases
Cannot be determined
E)Bread expires at the end of the day and cannot be sold. This is related to which kind of inventory cost?
Holding cost
Shortage/stock-out cost
Fixed/set up cost
None of the above
F)Which of the following is NOT an assumption of the EOQ model?
It is possible to receive a purchase discount if the order quantity is sufficiently large.
There is a fixed cost to submit each order that is independent of the amount ordered.
Demand occurs at a constant rate per unit of time
There is a cost to hold each unit of inventory per unit of time.
G)A firm evaluates its EOQ quantity to equal 180 cases but it chooses an order quantity of 200 cases. Relative to the order quantity of 180 cases, the order quantity of 200 cases has:
Higher ordering cost and higher holding cost
Higher (fixed) ordering cost and lower holding cost
Lower (fixed) ordering cost and higher holding cost
Lower (fixed) ordering cost and lower holding cost
In: Other
The number of defects after a hotel room cleaning (sheets not straight, smears on mirror, missed debris on carpet, fresh towels not folded, etc.) should be measured using what type of process control chart?
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A) x-bar chart |
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B) R-chart |
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C) p-chart |
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D) c-chart |
In: Other
You are given a bag with 3 cubes ( 1 green and 2 white). You put all 3 cubes in a bag and shake the bag and pick a cube. If you pick a green cube, you get 2 points. If you pick a white cube, you get 1 point.
If you play the game 15 times, how many times do you expect to select a green cube?
a) 10
b) 20
c) 5
d) 15
In: Other
SBC's focus on building communities with bicycling enthusiasts can be viewed as which of the following two types of promotional strategies?
Pull strategy
Push strategy
Which forms of social media are mentioned in the video as parts of SBC's overall social media strategy?
Online brand communities
Online brand communities and product and service review sites
Social networks
Product and service review sites
Social networks and online brand communities
SBC's Senior Community and Social Media Specialist notes at least one metric that the company uses to evaluate the performance and value of its social media efforts. Which one(ones) is that?
Follower drift
Bounce rates
Engagement and follower drift
Engagement
Conversion rates
Assume that SBC's marketing manager has decided that they would like to send consumers who have never bought a bicycle from SBC, but have opted into mobile promotions from the company a mobile coupon for one of its bicycles when they are near a sports equipment retailer. This is an example of
search engine optimization.
geo-location marketing.
viral marketing.
native advertising.
In: Other
As you think about your experience at the last airport security screening, you wonder which of the tasks that you saw the officers do at the security check were waste, which were non-value-added work, and which were value-added work. The tasks that you observed included officers doing the following: (a) officers checking IDs, (b) officers telling passengers to take off their shoes, (c) officers moving bins back to the beginning of the X-ray machines, (d) officers looking at the screen of the X-ray machine,
(e) officers putting bags in the X-ray machine for a second time in case they previously contained fluids, and (f) officers waiting for a passenger to arrive.
Identify each of the above activities as waste, value-added work, or non-value-added work.
In: Other
Sea Vista Company operates tour boats. Its predicted operations for the year are as follows:
| Revenues (2,000 tours per year) | $600,000 |
| Costs: | |
| Variable | $200 per tour |
| Fixed | $120,000 per year |
From the above information, the company correctly determines that its total cost per tour at the projected level of output noted above is as follows:
| Total variable costs ($200 x 2,000) | $400,000 |
| Total Fixed costs | $120,000 |
| Total costs | $520,000 |
| Divided by the number of tours for the year | 2,000 |
| = Total cost per tour | $260 |
The company has received a request to provide 90 tours at a price of $205 each, which constitutes a very large discount from their regular price. Sea Vista has plenty of capacity to do these tours in addition to its regular business, and it has been determined that doing these tours will not affect the company's regular sales in any way.
Required:
A. Prepare an income statement (in contribution margin format) for Sea Vista for the year without the inclusion of the special request for the 90 tours at the lower price.
B. Prepare an income statement (in contribution margin format) for Sea Vista for the year that includes the special request for the 90 tours at the lower price.
C. Should Sea Vista accept the special request for the additional 90 tours at the dramatically discounted price that is actually below their total cost per tour?
In: Other
________ is a two-way communication process with the goal of securing, building, and maintaining long-term relationships with profitable customers.
Select one:
a. Advertising
b. Sales promotion
c. Personal selling
d. Direct marketing
e. Publicity
Marketing managers employ ________ advertising to build sales of a specific brand.
Select one:
a. comparative
b. institutional
c. pioneering
d. covert
e. competitive
________ is a distinct advantage that personal selling offers over other marketing communications methods.
Select one:
a. Strategic flexibility
b. Personal relationship with a customer
c. Geographic flexibility
d. Personal knowledge management
e. Low transactional costs
One of five principal goals for a sales presentation is to ________.
Select one:
a. build impersonal relationships with customers
b. build product interest
c. agree on a price
d. fulfill the customer's need for affiliation
e. enable evaluation of product alternatives
Using independent sales agents is referred to as ________.
Select one:
a. outsourcing the sales force
b. inbounding the sales force
c. out bounding the sales force
d. transferring sales agents
e. using the company sales force
In: Other
In: Other
1) Which of the following forces is providing vast amounts of data for AI applications?
a. reading abilities
b. cloud computing
c. deep learning
d. network-connected smart devices
2) Jason is looking at his budgets and decides he needs to lower labor costs. Which task is most likely to become automated with AI?
a. New employee trainer
b. assembly line worker
c. middle manager
d. computer programmer
3) All of these are examples of AI in a self-driving car EXCEPT ________.
a. GPS
b. tunnel vision
c. LIDAR
4) Which of the following is true of Software as a Service?
a. It requires the installation of specialized interfaces at the client end
b. It allows clients to access services on an as-needed basis
c. It involves fixed monthly and yearly costs for the services
d. It requires an organization to maintain and develop the software
In: Other
Consider a capacity constrained process producing a high profit margin product. What will the impacts on revenue and profits be if processing time for the bottleneck resource is reduced by 10% while everything else remains the same?
A)No impact on revenue or profits
B)Higher revenue and profits
C)Lower revenue and profits
D)Higher profits with no change in revenue
In: Other
Bell Computers purchases integrated chips at $350 per chip. The holding cost is $33 per unit per year, the ordering cost is $122 per order, and sales are steady, at 395 per month. The company's supplier, Rich Blue Chip Manufacturing Inc., decides to offer price concessions in order to attract larger orders. The price structure is shown below.
Quantity Purchased
1-99 units= $350 price/unit
100-199 units= $325 price/unit
200 or more units= $300 price/unit
a) What is the optimal order quantity and the minimum cost for Bell Computers to order, purchase, and hold these integrated chips?
b) Bell Computers wishes to use a 10% holding cost rather than the fixed $35 holding cost in part a. What is the optimal order quantity and what is the optimal cost?
In: Other