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3 years ago

Project selection helps to ensure that no project affect the status of other

Business

1 answer:

kirza4 [7]3 years ago

3 0

Answer:

<u>projects</u>

Explanation:

Remember, among the 'Project selection' stage is the first stage of the Project Process Stages. This stage typically involves examining each project and then determining which is of utmost importance.

Rather than trying to run every uncompleted project with the limited resources available which may affect the status of other projects, it is better to select the project that is most beneficial and that is feasible to complete within the stipulated deadline.

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Under the good neighbor rule, a buyer of consumer goods, who gives value and does not have

nordsb [41]

The answer is true.

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3 years ago

The price of gasoline is $2.50 per gallon at the closest gas station, but is only $2.30 per gallon at a gas station two miles aw

White raven [17]

Answer:

Explanation:

The opportunity cost is the cost that someone have when they decide to do something and not doing another thing. In this case, if she or he decides to go to the farther gas station the opportunity cost is in terms of time, because he or she could spend those minutes (from the actual position to the gas station) doing something else (for example, eating). Cost are also in terms of gas because the gas that he or she spent to go to that gas station, could be used to drive somewhere else.

8 0

3 years ago

A firm has 4 plants that produce widgets. Plants A, B, and C can each produce 100 widgets per day. Plant D can produce 50 widget

polet [3.4K]

Answer:

A Widgets Firm

Minimization of Shipping Costs to 3 Customers from 4 Locations:

Explanation:

a) Data and Calculations:

Shipping Costs per unit Plant Customer

c. $7125

Plants Customers

Production 1 2 3 Total

Demand units 75 units 100 units 175 units 350 units

A 100 units $25 $35 $15

B 100 units $20 $30 $40

C 100 units $40 $35 $20

D 50 units $15 $20 $25

To minimize shipping costs:

Satisfy Customer 1's 75 units from B = $20 x 75 = $1,500

Satisfy Customer 2's 25 units from B = $30 x 25 = 750

Satisfy Customer 2's 25 units from C = $35 x 25 = 875

Satisfy Customer 2's 50 units from D = $20 x 50 = 1,000

Satisfy Customer 3's 100 units from A = $15 x 100 = 1,500

Satisfy Customer 3's 75 units from C = $20 x 75 = 1,500

Daily minimum shipping cost = $7,125

Minimizing the shipping cost to a location is not considered in isolation. The other locations must be considered. For example, customer 1's shipping cost would have been minimized to $1,250 instead of $1,500 by shipping D's 50 units and B's 25 units. But, this would have increased the shipping cost to customer 2 by $500 from $2,625 to $3,125. Whereas, the company lost $250 shipping to customer 1, it gained $500 shipping to customer 2, thereby making a net gain of $250, instead of net loss of $250.

7 0

3 years ago

2. You're interested in the proportion of students in your school who favor the elimination of a local curfew on teenagers. Assu

lara [203]

Answer: The minimum number of students you need if you want the margin of error to be 5% IS 278.

Explanation:

Cochran’s Sample Size Formula gives the minimum number of students as $n= \frac{z^{2}pq }{e^{2} }$

Where:

e is the desired level of precision (i.e. the margin of error),

p is the (estimated) proportion of the population which has the attribute in question and q is 1 – p.

The z-value for 95% confidence interval is found to be 1.96 in a Z table.

Assuming that half of the teenagers favor the elimination of a curfew: this gives us maximum variability. So p = 0.5 and q=0.5.

Then $n= (\frac{1.96^{2}*0.5*0.5 }{0.05^{2} } )$

$n= frac{0.9604}{0.0025} }$

$n= {384.16 }$

Rounding up, $n= \frac{385 }$

But considering that 1000 is a small population, we can modify the sample size we calculated above formula by using this equation:

$s = \frac{n}{1 + \frac{n - 1}{N} }$

Where s is the adjusted sample size, n is the original sample size we calculated and N is the population size.

$s = \frac{385}{1 + \frac{385 - 1}{1000} }$

$s = \frac{385}{1 + \frac{384}{1000} }$

$s = 278$

8 0

4 years ago

You’re thinking of buying one of two firms. One has a profit margin of $4 per unit; the other has a profit margin of $10 per uni

steposvetlana [31]

There is not enough information to determine which firm to buy.

Answer: Option C

<u>Explanation:</u>

In the question above, only the profit margin of both the firms are given, but only on these basis, it cannot be decided which firm to be bought. A lot of other things are to be kept in mind while taking into consideration the decision of buying a fir.

Even if both the firms are working in the equilibrium condition which is the condition of MR = MC, then also it can not be decided, which one firm to buy.

4 0

3 years ago