Business Research Test with Answers Essay

12662 WordsNov 6, 201251 Pages
* Question 1 0 out of 2 points | | | An undergraduate business student has purchased a laptop computer for use during exams. This laptop is perfectly reliable except for two parts: its microchip, which has a failure rate of one in every twenty hours of operation; and its battery, which has a failure rate of one in every ten hours of operation. In addition, on average the battery will wear out in five hours, with a standard deviation of 30 minutes. Assuming that a new battery has just been installed, what is the probability that the battery will perform reliably during a one-hour exam?Answer | | | | | Selected Answer: | 0.05 | Correct Answer: | 0.9 | | | | | * Question 2 2 out of 2 points | | | The…show more content…
put to effective capacity | | | | | * Question 10 0 out of 1 points | | | Which of the following is a tactic that helps service capacity management?Answer | | | | | Selected Answer: | promotions | Correct Answer: | all of the above | | | | | * Question 11 0 out of 1 points | | | The term sub-optimization is best described as the:Answer | | | | | Selected Answer: | result of failure to adhere to the steps in the decision process | Correct Answer: | result of individual departments making the best decisions for their own areas | | | | | * Question 12 0 out of 1 points | | | The extra demand intended to offset uncertainty is a:Answer | | | | | Selected Answer: | timing bubble | Correct Answer: | capacity cushion | | | | | * Question 13 0 out of 1 points | | | If the minimum expected regret is computed, it indicates to a decision-maker the expected:Answer | | | | | Selected Answer: | payoff under risk | Correct Answer: | value of perfect information | | | | | * Question 14 1 out of 1 points | | | When the output is less than the optimal rate of output, the unit cost will be:Answer | | | | | Selected Answer: | higher | Correct Answer: | higher | | | | | * Question 15 1 out of 1 points | | | A basic question in capacity planning is:Answer | | | | | Selected Answer: | all of the above | Correct
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