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- * 00 R 品 Miles is considering buying a new pickup truck for his lawn service firm. The economy in town seems to be growing, and he is wondering whether he should opt for a subcompact, compact, or full-size pickup truck. The smaller truck would have better fuel economy, but would sacrifice capacity and some durability. A friend at the Bureau of Economic Research told him that there is a 30% chance of lower gas prices in his area this year, a 20% chance of higher gas prices, and a 50% chance that gas prices will stay roughly unchanged. Based on this information, Miles has developed a decision table that indicates the profit amount he would end up with after a year for each combination of truck and gas prices. States of Nature Lower gas Gas prices Higher gas Alternatives prices unchanged prices Subcompact 000ʻ9 000'6 000ʻ Compact 15,000 Full size 000'6, 000'9 gooʻ'r Probability 0.5 0.2 Which type of truck should Miles select based on Maximin Criterion? MacBook Air 000 000 DD F2 F4 F5 F7…Question 5 Which pattern would you use in the following situation: you have a Product class which knows its own inventory. It should behave differently when it has inventory vs when it doesn't (e.g. a getPrice method returns "$5.99" or "Out of Stock"). Think about which class should be responsible for choosing the behavior in this case. 1) Strategy 2) Observer 3) State Question 8 MVC's big advantage is that you don't need to tie communications between a UI and a data model to a specific implementation. True / False?云 < cO # 3 QUESTION 6 A measure of the importance of trade is: OA. Trade as a percentage of employment rate. OB. Trade as percentage of GDP. O C. The dollar value of trade adjusted for inflation. OD. The real value of trade. QUESTION 7 given goods A and B and a budget , if the relative price of A were to increase, the budget line would: A. Shift out in parallel fashion. OB. Shift in a relative fashion. C. Become steeper. OD.Become flatter OUESTION8 MAR 12 tv 08 F3 F2 DD F7 F4 F5 F6 F8 24 2. ) 9 7. 6
- Q4(a). As an astute entrepreneur who believes in creativity and innovation, Mr. Francois is pondering about manufacturing something, but he has to think carefully about the product to be manufactured. Therefore, he needs to understand what the Value Chain is about as well as the types of strategies that he could utilize to gain a competitive advantage. What information would you provide to Mr. Francois and his family regarding the Value Chain as they think seriously about going into the manufacturing sector? Also, what are the possible strategies that could be utilized once the Manufacturing company becomes established? Identify the strategies by name, and provide a brief explanation for each type of strategy suggested. Provide justification for your advice with respect to each strategy.5. With reference to the risk you mentioned in Q.4, what is your suggested action(s) for Sushiro? Explain. Reference is attachedAnswer on b) Sales price = 80 kr Purchase price = 30 kr 80 – 30 = 50 kr profit 20 magazines * 80 kr = 1.6000 kr which will maximize the profit over time. Still dont get the answer on question c)
- Q-5: A firm A tries to estimate the relationship between demand for its product and income of the consumers. By estimating the relationship, it has been found that B= -0.85. Interpret such a relationship. (4)Question Six: The Financial Statement of your company shows that your profit is $20,000 (as shown in the table below) inadequate for expanding your business. The bank is insisting on an improved profit picture prior to approval of a loan for some new equipment. If you would like to improve the profit line to $30,000 so you can obtain the bank's approval for the loan. ITEM Sales Cost of supply chain purchases Other production costs Fixed costs Profit Dollar S 400,000 300,000 40,000 40,000 20,000 % of sale 100% 75.0% 10.0% 10.0% 5.0% a) What percentage improvement is needed in a supply chain strategy for profit to improve to $30,000? What is the cost of material with a $30,000 profit? b) What percentage improvement is needed in a sales strategy for profit to improve to $30,000? What must sales be for profit to improve to $30,000? FoffQ1 (B). What is more important for a firm–profit maximization or value maximization? What issues or conflict of interest can come up between owners and managers and how can they be solved?
- Find the Given Payoff table and use Minimax regret to evaluate best decisions. Demand Moderate 22 27 21 Decision Small Warehouse Medium -1 Warehouse Large Warehouse -5 Medium Warehouse Data inadequate Small Warehouse Low 24 Large Warehouse High 23 33 3928. 4.4 The Gorman Manufacturing Company must decide whether to purchase a component part from a supplier or to manufacture the component at its own plant. If demand is high, it would be to Gorman's advantage to manufacture the component. If demand is low, however, Gorman's unit manufacturing cost will be high because of underutilization of equipment. The projected profit in thousands of dollars for Gorman's make-or-buy decision is as follows. Demand Medium $40 $45 Decision Manufacture component Purchase component a. Determine the best decisions using the maximax, maximin, and opportunity loss decision criteria. b. Assume that the probability of low demand is 0.35, of medium demand is 0.35, and of high demand is 0.30. What is the best decision using the expected value criterion and what is the expected value of perfect information? Low $220 $210 High $100 $70Q24 OSHA 1994 is introduced as a complimentary to FMA 1967. Discover the shortcomings of FMA 1967. Too stringent. Too prescriptive. Cover only 20% of available industry in the country. I. II. III. IV. Obsolete or outdated. (a) I, II and III. (b) II, III and IV. (c) I, II and IV. (d) I, II, Ш and IV.