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- What is the primary intent of performing a breakeven analysis? a. To maximize productivity b. To provide a rough idea of the level below which prices cannot fall c. To facilitate the allocation of fixed costs d. To determine price elasticity9. Which investment is the most engaging, if the cost of money is 9%?a. Investment Cb. Investment Ac. Investment Bd. Any of the investmente. None of the AboveAs an operations manager of OPQ Furniture, you must make a decision about adding a line ofrustic furniture for physical distribution. In discussing the possibilities with your sales manager, you decidethat there will be definitely be a market and that your firm should enter the market. However, because ofrustic furniture has a different finish than your standard offering, you decide you need another processline. There is no doubt in your mind about the decision, and you are sure that you should have a secondprocess. But you do question how large to make it. A large process line is going to cost $400,000; a smallprocess line will cost $300,000. The question therefore is the demand for rustic furniture. After extensivediscussion, you determine that the best estimate you can make is that there is a two out of three chanceof profit…3.-What does it mean not to take advantage of the discount granted by the supplier for prompt payment? A) A punishment for paying early B) A penalty for not paying on the agreed date. C) Charge a financial cost to the purchase operation. D) A saving for paying less (Choose one option)
- A project needs a specialized resource to work for 12 months. The company will outsource the position. The organization expects all potential service providers to be given the same information about the requirements. Which action should the project manager take to comply? A. Provide advanced notice to the existing vendor. B. Ensure the procurement management plan is sent to each service provider. C. Conduct a bidder conference with the service providers. D. Add each of the service providers to the stakeholder register..What the strategy should be for reviewing ESHS requirements in subcontractors and suppliers before contracting and how this is relevant in the selection process, also a strategy for develop a detailed plan and requirements that subcontractors and suppliers must achieve and implementing a monitoring process as well as comprehensive strategy to guarantee the accomplishment of ESHS requirements and consequences if subcontractors or suppliers do not accomplish them.The Gray Ferrari I t all got started when Robert L. Johnson had dinner at Mr. K’s Chinese restaurant with Michael Jordan of the Washington Wizards and David Falk, the leading sports agent. When the discussion turned to cars, Johnson mentioned his interest in getting a Ferrari. Both Falk and Jordan recommended their respective dealers but Johnson found the going tough. Only a select number of Ferraris are made annually, and the automaker limits how many are sold through U.S. dealers to about 1,000 units. In practice, anyone placing an order would have to wait over two years for delivery for a car that would cost $200,000 to $300,000 depending on the model. A New Jersey dealer had a Ferrari available, but, at $300,000, Johnson felt the price was too high. Michael Jordan’s dealer had a 360 Modena available for $160,000. Although he bought it, it was not exactly what he had wanted because the Modena is not a convertible. Franco Nuschese, the owner of Georgetown’s…
- Betty, the chief of nursing executive, need to make a decision about buying 340 new hospital beds for patient rooms. After she interviewed nurse managers at the units where the beds were going to be placed, Betty compiled her findings and decided to contact a well-known equipment company to obtain prices and a bid. No bids from other companies were obtained. The equipment company’s executive salesperson, Jim, discussed options at length with her and invited her and her significant other to an upcoming all-expense-paid, lavish junket at a five-star hotel in Hawaii to see demonstrations of the beds and experience a comprehensive sales program. Betty thought, “We badly need some relaxations and stress relief. Hawaii would be so much fun. Would it be wrong for us to go? If you were Betty, what would you do? Justify your answer with ethical framework: theory, approach or principle. Discuss the ethical principles at stake. What breaches are possible? Do you consider this situation a conflict…Please answer these question: 1. A standard purchase order is a document that buyers use to communicate the need with suppliers A. False B. True 2. Modern companies use electronic purchasing because it is - A. Cheaper B. Saves time C. More efficient. D. A reduction in overhead costs in the purchasing area. 3. Which statement is the most accurate? A. Purchasing staff are responsible for buying all goods B. Spot buying is some times used. C. Manufacturing staff may ask for certain types of material D. In big companies the three choices are possible purchase1. A hotel tries to reduce the perishability of its services by selling last minute inventory at a highly discounted price. This technique presents threats to a company’s: A. Brand image B: Variability of services C: Relationships with suppliers D: Human resources turnover 2. Sometimes, hotel and airline companies upgrade guests to higher-end services. For such services, there are not a lot of word-of-mouth, reviews, or pictures available. For example, a hotel may upgrade a guest who paid for a regular room to a suite in order for the guest to experience an upscale product that the customer does not purchase often, but may purchase in the future. This situation, where a guest may experience an unfamiliar upscale service for the first time, is likely to result in a __________ in the __________ of services. A: increase, intangibility B: reduction, intangibility C: reduction, variability D: increase, variability 3. In hospitality and travel industries, customers and frontline…
- If the supplier’s price of lamb rack changes from $13.00 per pound to $14.14 per pound, what can help to quickly calculate the new cost per usable pound without performing the butcher test? a. digital scales that show weight in pounds b. standardized yield c. cost factor per pound d. cost factor per portionA leading manufacturer of video games is about to introduce four new games. The accompanying tablesummarizes price and cost data, Combined fixed costs equal $600,000. A marketing research study predicts thatfor each unit sold of Diablo, 2 units of Call of Duty: Modern Warfare, 3 units of Sekiro and 4 units of Starcraft IIwill be sold.GamesDiablo Call of Duty Sekiro Starcraft IISelling Price (in dollars) 55 48 33 22Variable cost/unit (in dollars) 22 17 12 11a) How many product mix units must be sold to break even?b) How does it translate into sales of individual games?Read a license agreement for a software product. It could be a game, operating system, video editor, tax preparation program, and so on. (a) What does the license agreement say about the number of copies you can make?(b) Does it specify penalties for making unauthorized copies?(c) Was the agreement easy to read before purchase (e.g., on the outside of the package or available on a website)?(d) Do you consider the license agreement to be clearly stated? Reasonable?