Q1: State true or false for the following: 1_ Insurance cost is considered from variable costs ? X 2_Organizing is the last element of elements of management ? 3_CPM predicts the cost required to complete the project? 4 Graphical method used to solve the linear programming models that contains only two variable

Q1: State true or false for the following: 1_ Insurance cost is considered from variable costs ? X 2_Organizing is the last element of elements of management ? 3_CPM predicts the cost required to complete the project? 4 Graphical method used to solve the linear programming models that contains only two variable

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter5: Business And Economic Forecasting

Section: Chapter Questions

Problem 3.1CE

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A potential customer has described the following scenario to you:We need to keep track of the data that our manufacturing firm needs to run smoothly.We make a number of products, each of which is manufactured by a different de-partment. Products are made up of a number of parts. Parts are bought fromsuppliers.You have been asked to perform a preliminary analysis of the scenario:a) Identify four sets of values from the scenario. b) Identify three relations from the scenario. c) Draw an entity-relationship diagram to visualise the sets and relations you have identi-fied. d) Use the relations you identified in part b) to define the following:i) A relation that records the parts that a department needs. ii) A relation that records the suppliers that a department deals with