Operations Research Test Questions

(TCO 4) Which of the following is not one of the guidelines for administering discipline?

Best operating level is the volume of output at which average unit cost is minimized.

is introduced to the project with a significant amount of experience working with NASA and

Answer: Capacity is the maximum rate of output of a process or a system. And utilization is measured as the ratio of average output rate to maximum capacity. In Southwest, capacity can be measured in available seat-miles (AMS) pre month. Therefore, utilization can be measured as the ratio of average seat-mile rate to maximum

3. Geoff has a written agreement with Huck. To accomplish the objectives of this relationship, Geoff's authority can

Challenge Problems 7-49 I. Given a) Honda Insight Original Price $17,995.00 b) Honda Insight Dealer Price $16,495.00 c) Terms: 1/15 n/30 II. Unknown a. How much is the rebate? b. What percent is the rebate? c. What is the amount of the discount if the dealer pays within 15 days?

The different types of equipment in the office are computer, fax machine, franking machine, photocopier, printer and scanner.

Smith, CPA, is a partner of Johnson Accounting Firm. Johnson audited the books of Hometown Bank. Smith’s independence would be impaired under which of the following circumstances?

1. The nurse is caring for a pregnant woman who admits to cocaine and ecstasy use on a regular basis. The client states, “Everybody knows that alcohol is bad during pregnancy, but what’s the big deal about ecstasy?” the best response by the nurse is “Ecstasy:

| "Can you tell me a little more about the kind of person you would like to work for?" is an example of a primary question.

uses budgeted fleet hours to allocate variable manufacturing overhead. The following information pertains to the company 's manufacturing overhead data:

Peter’s Peripherals assembles multimedia upgrade kits --- sets of components for adding sound and video to desktop computers. The demand for their kits for the next four quarters is estimated in the table below. Unit manufacturing cost for each kit is $160. Holding costs on each kit is $80 per quarter. Any kit that must be delivered late is assessed a backorder cost of $120. Each worker is capable of finishing 10 kits per quarter. If the company chooses to vary work force levels, it will incur costs of $400 for each additional worker; $600 for each termination. The company currently has 28 employees.

This career requires extremely specific health standards each trainee must meet to become eligible to go on a mission. The space physical is extremely similar to the military flight physical except for a few differences. The vision of the trainee must have a visual acuity of 20/200, or must be correctable to 20/20 in each eye. For every crewmember, extensive amounts of medical test are run before take off due to the high-risk situations encountered in this career. A blood pressure of 140/90 is considered impeccable for anyone aspiring to achieve the status of an astronaut. However, any slight variation in this number is considered a medical

1. Relative to the U.S. distribution network, calculate the cost associated with running the existing system. Assume that 40 percent of the volume arrives in Seattle and 60 percent in Los Angeles and the port processing fee for federal processing at both locations is $5.00 per CBM. Assume that everything is transferred to the Kansas City distribution center by rail, where it is unloaded and quality checked. Assume that all volume is then transferred by truck to the nine existing warehouses in the United States.

Through this method, we obtained theoretical yields of the 4.25% coupon bond and 10.625% coupon bond to be 2.899% and 2.639% respectively. The corresponding theoretical prices of the bonds are $108.27 for the 4.25% coupon bond and $149.31 for the 10.625% coupon bond (see Table 1 above).