s the assistant manager of a restaurant, how many t formation for Saturday night's dinner menu: -Demand (dinners served) = 91 dinners per hour Server target utilization = 90% Service rate per server = 15 dinners/hour ound your answer up to the nearest whole number. servers
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- Is the following statement true or false: “Customers prefer product A more than product B if the customer value of product A is less than the customer value of product B." Group of answer choices False TrueFood has been regulated in the United States since the 19th century. Group of answer choices True False There are over 7,000 full-time federal meat inspectors; nonmeat food processing plants are inspected an average of once every ________ years. Group of answer choices 2 10 5 7Spot prices reflect future value of a commodity. Group of answer choices: True False
- A reserve price is a minimum price set by the auctioneer. If no bidder is willing to pay the reserve price, the item is unsold at a profit of $0 for the auctioneer. If only one bidder values the item at or above the reserve price, that bidder pays the reserve price. An auctioneer faces two bidders, each with a value of either $228 or $304, with both values equally probable. Without a reserve price, the second highest bid will be the price paid by the winning bidder. The following table lists the four possible combinations for bidder values. Each combination is equally likely to occur. On the following table, indicate the price paid by the winning bidder with and without the stated reserve price. Bidder 1 Value Bidder 2 Value Probability Price Without Reserve Price with $304 Reserve Price ($) ($) ($) $228 $228 0.25 $228 $304 0.25 $304 $228 0.25 $304 $304 0.25 Without a reserve price, the expected…Price matching is a strategic move that A- seeks to make cheating unprofitable. B- must generally be announced publicly in order to have the desired effect. C- has no usefulness to managers if a simultaneous pricing decision is going to be made only one time. D- both a and b E- all of the aboveHow ethical are the following behaviors? The manufacturer of a leading insect spray changes the formulation of its product to eliminate problems experienced by people allergic to some of the ingredients. The manufacturer does not inform consumers. The change in the formula will make the product less effective. A bribe is paid to a company official in the island country of Kokomo to facilitate the movement of a product in that country. Bribes are a normal and expected business practice in Kokomo
- Please select one option which is correct Following assumption is made in continuous review policy a.Demand rate is random b.Demand rate is fixed c.Demand is seasonal d.Lead times are variableYou are an analyst at a chipmaking company that is part of a supply chain that involves chipmaking and memory drive manufacturing. Each unit of product created by the supply chain generates $7 in perceived consumer value and has a cost of $2. Your company is the only one that can make chips and there are many undifferentiated memory drive manufacturers. You expect your profit per unit to be close to: $7 $5 $2 $0A dominant or price setting firm and several smaller price takers serve a market where total market demand is Qd = 560 – 2P and the combined supply from all the smaller firms is Qs = - 60 + 2P. Does this market meet the assumptions that the dominant firm has at least a market share of 50%? (you must motivate your answer numerically)
- Company X has been unable to keep up with customer demands for product Y. They are considering two options. The first is to replace the existing tooling machine with a new machine or start a second shift to increase throughput. The cost of the new machine is $500,000. The cost of ramping up the second shift is 150,000. With the new machine option, there is a 60 percent opportunity of generating 750,000 in revenue. There is also a 40 percent opportunity of making $200 in revenue. With the second shift option, there is a 50 percent opportunity to generate $400,000 of revenue and a 50 percent opportunity to generate $100,000 of revenue. Which option would you recommend?A company is considering outsourcing its customer service work. The following are bids received from two different companies. Vendor Price A $10,000 + 120X B $100,000 + 30X X- Number of calls received per year. The number of calls per year that the company has to service so that both the offers from vendors A and B are equally attractive is the following. Group of answer choices 1500 1000 1600 900 1200Economic efficiency is optimal when the dead weight loss is positive True False