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Saint Acc498 Module 6 CBK Post Quiz (Latest)

Question

Question 1 (1 point)

A controllable variable is also called a:

Question 1 options:

parameter.

decision variable.

mathematical model.

measurable quantity.

none of the above

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Question 2 (1 point)

Data for a particular subdivision near downtown Houston indicate that the average price per square foot for a home is $100 with a standard deviation of $5 (normally distributed). What is the probability that the average price per square foot for a home is greater than $110?

Question 2 options:

0

0.841

None of the above

0.977

0.023

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Question 3 (1 point)

Below is a payoff table giving profits for various situations. What decision would a pessimist make?

Question 3 options:

Alternative 2

State of Nature A

Alternative 3

Do Nothing

Alternative 1

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Question 4 (1 point)

Which of the following is part of the determination of EOQ?

Question 4 options:

Total revenue

Annual demand

Cost of production labor

Cost of stockouts

Purchase cost

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Question 5 (1 point)

Mark Achin sells 3,600 electric motors each year. The cost of these is $200 each, and demand is constant throughout the year. The cost of placing an order is $40, while the holding cost is $20 per unit per year. There are 360 working days per year and the lead-time is 5 days. If Mark orders 200 units each time he places an order, what would his average inventory be (in units)?

Question 5 options:

60

120

None of the above

100

200

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Question 6 (1 point)

Consider the following linear programming problem below. What is the optimum solution to this problem (X,Y)?

Question 6 options:

None of the above

(0,0)

(0,100)

(50,0)

(400,0)

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Question 7 (1 point)

Given the following small project, the critical path is __________ days.

Question 7 options:

20

16

14

10

None of the above

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Question 8 (1 point)

A suburban specialty restaurant has developed a single drive-thru window. Customers order, pay, and pick up their food at the same window. Arrivals follow a Poisson distribution while service times follow an  exponential distribution. If the average number of arrivals is 6 per hour and the service rate is 2 every 15 minutes, how much time will elapse (in hours) from the time a customer enters the line until he/she leaves the restaurant?

Question 8 options:

0.25

3.00

2.25

0.75

0.50

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Question 9 (1 point)

Which of the following is not a popular definition of quality?

Question 9 options:

Quality is the degree to which a product conforms to design or specification.

Even though quality cannot be defined, you know what it is.

Quality is fitness for use.

Quality is the totality of features and characteristics of a product or service that bears on its ability to satisfy stated or implied needs.

Quality is defined as a competitively priced product that surpasses customer needs.

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Question 10 (1 point)

-charts indicate changes in:

Question 10 options:

natural variations.

variation.

none of the above

central tendency.

numbers of defects.

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________________________________________

Question 11 (1 point)

JoAnn Fabrics, Inc. has created a new combination of colors and fabric types. The firm wants to know how consumers will perceive the new product. The firm is concerned with the product ____________.

Question 11 options:

image

idea

placement

activation

displacement

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Question 12 (1 point)

Tristan and Juliet, a newly-married couple who intend to go to Egypt for their honeymoon, bought a Europe travel package on Jizo Inc., an online travel site. As they have never seen Europe or used the services of Jizo before, they were largely dependent on other customers’ feedback and signals for service quality. Which of the following characteristics of service is highlighted in this instance?

Question 12 options:

service distinction

service intangibility

service inseparability

service perishability

service variability

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Question 13 (1 point)

An organization that understands and anticipates customer needs even better than customers do and creates products and services to meet current and future needs is said to practice ____________ marketing.

Question 13 options:

customer-driven

amb

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