In the context of sequencing, the shortest processing time rule
minimizes the average lateness of a set of jobs.
Under the shortest processing time rule, if the highest priority is to minimize the average job lateness then the job sequence should begin with those jobs requiring the shortest processing time. The chief disadvantage of the shortest processing time rule is that long-duration jobs may have excessive completion times.
Answer:
NSB Co. won the case against Mid-American oil/Mid-American oil lost the case
Explanation:
The original contract clearly stipulated that any modifications to the contract were to be written and signed by the company's presidents, therefor the decision by the Mid-American executive to talk with the purchasing agent of NSB Co. was in breach of the contract in two aspects;
- The parties that made the modifications were not the ones agreed to in the contract
- They made the modifications verbally while the contract stated that the changes were to be written and signed
Quilt and Dye Fabrics is an example of a company that <u>Imports</u>.
<u>Option: E</u>
<u>Explanation:</u>
An import-export business is that facilitates exchange between domestic and foreign corporations in goods and services. In other terms, it is a business that globally buys products and sends them in for domestic sales and vise the other way around.
An import is commodities carried from an external source into a jurisdiction, particularly across a national border. The faction that has put in the success is considered an importer. An import into the destination country is a send country export.
Answer: C) demand curve as kinked, being steeper below the going price than above.
Explanation:
For an oligopolistic producer, who assumes that its rival would ignore a price increase but match a price cut, the perception of the firm about it demand curve is that it would be kinked, being steeper below the going price than above.
Answer:
10,769 units
Explanation:
Fixed costs is 1,200,000
The selling price is 240
The variable cost is 110
operating income 200,000
This can be calculated by equating both sides
200,000 + 1,200,000= 240x-110x
140,000= 130x
Divide both sides by the coefficient of x which is 130
140,000/130= 130x/130
x = 10769.2307