Answer:
The cost of underestimating demand is considered a revenue loss that arises due to cancellation of flight costing $125. Hence, cost of underestimating the demand is, 
= $125 .
The cost of overestimating the demand is known as rewards. For example. free round trip ticket worth $250. Hence. cost of overestimating the demand. 
= $250 .
Denote the optimal probability of tickets not being sold by P. The expression is shown below:
P = 0.3333
Hence. the optimal probability that the tickets are not being sold is 0.33.
Apply the formula, NORMSINV (0.3333) in the Excel spreadsheet
The value of z is obtained as -0.4308. The negative value of z indicates that the number of seats to be overbooked must be less than an average of 25.
As per the stated question, an average of 25 customers cancel or do not show for the flight. Also the standard deviation is 15.
Calculate the number of seats by which company SD should overbook the flight.
= Value of z x Standard deviation
= -0.4308 x (15)
= -6.462
Subtract the value. 6 from the average customers that do not show up for the flight.
25 - 6 = 19 seats
Hence, the airlines should overbook the flight by 19 seats .
Answer: Tomate Inc can consider an Accept-or-reject special order
Explanation: Accept or reject special order is used when a customer requests for a large amount of goods or product from a manufacturer usually for lesser price than what the manufacturer sells for.
The accept or reject special order is used to determine if the "special order" is profitable or not.
Answer:
A. Expensed when incurred.
Explanation:
An incurred expense is basically the cost that are unpaid for. Paid expenses are incurred expenses once you paid for it (Eg credit card).
Answer: The correct answer is B; <em>avoid unethical behavior regardless of the consequences. </em>
Explanation:
When a person uses unethical behavior and doesn't care about the consequences, the person can lose their job. They may also lose all credibility in their community. An employer can lose many things because of this behavior including morale, also credibility, and lose money. By avoiding this behavior, Ryland is doing the right thing even though he may make someone upset.
The typical selection process has several well-structured steps. This process includes setting up interviews, performing background checks on selected candidates, and establishing probationary periods.
The process of selection involves finding and recruiting candidates to fill open positions in a business. The process of choosing employees involves matching their credentials and skills to the needs of the firm.
Selecting the best applicant for a job opening that is open in a business is referred to as selection. It entails the process of interviewing candidates and assessing their qualifications and skills for a particular position.
Learn more about selection process here
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