Answer:
The approach that further attempts to model real world uncertainty by analyzing projects the way one might analyze gambling strategies is called Monte Carlo simulation.
The correct answer is D
Explanation:
Monte Carlo simulation is an idea of taking random samples from a mathematical model that represents a real life situation. It is an approach that attempts to model real world uncertainty into the evaluation of projects.
Answer:
Operations
Explanation:
Operations management refers to the management field which deals with the layout and regulation of the manufacturing process and the reconstruction of business activities in the manufacturing goods or services. This means knowing that business activities are valuable in terms of just using as few capitals as possible and in order to fulfill customer needs efficiently.
It is associated with maintaining a total distribution system which is also the method of transforming inputs (in the terms of raw resources, manpower and power) into outcomes (in the terms of products or services) or supplying a commodity or facilities. Produces processes, controls consistency and establishes business
Answer: It is not easily duplicated
Explanation:
Competitive advantage are simply the factors which give a company the edge when compared to its rivals as the company can produce goods or services at a cheaper rate and better than its rivals.
A competitive advantage based on location is often sustainable because it isn't easily duplicated. The main reason here is because different regions comes up with their different weather conditions, resources, market conditions etc. which can't be duplicated.
Answer:
The correct answer is A.
Explanation:
Giving the following information:
Dubberly Corporation's cost formula for its manufacturing overhead is $31,100 per month plus $50 per machine-hour. For March, the company planned for activity of 8,000 machine-hours, but the actual level of activity was 7,930 machine-hours. The actual manufacturing overhead for the month was $454,110.
activity variance for manufacturing overhead= (50*8000) - (454,110 - 31,100)= 23,010 unfavorable.
Answer: Q = 5.8 units
Explanation:
Q = 9 - 0.1p - py + 0.01pz + 0.0005Y
Where,
p = own price of the good
py = price of a related good = $3
Q = quantity demanded
pz = price of a different related good = $200
Y = consumer income = $4,000/mo
Therefore,
Q = 9 - 0.1p - 3 + 0.01 × 200 + 0.0005 × 4000
Q = 9 - 0.1p - 3 + 2 + 2
Q = 10 - 0.1p
If price of this good 'x' is equal to $42 per unit then,
Q = 10 - 0.1 × 42
= 10 - 4.2
Q = 5.8 units ⇒ Quantity demanded