COSC 301 Group 35 A7

Question 1 Three friends, Alice, Bob and Carol, have the following individual preferences over the food they usually get: Chinese, Indian and Italian. Alice Bob Carol Chinese Italian Indian Indian Chinese Italian Least preferred Italian Indian Chinese Most preferred Jointly, they agree to determine their group preference as follows: Cuisine A is preferred to B if A gets the majority of votes against B in a two-alternative vote. • What is the group's preference over Chinese and Indian food? • What is the group's preference over Indian and Italian food? • What is the group's preference over Chinese and Italian food? • Is the group's preference over the three cuisines transitive? Why or why not?

Q1 Define Law?

Question 1. A researcher wants to study the effect of a price change on the sales of various brands of a certain product. Assume the market is made up of four brands - W, X, Y and Z- and the price change (decrease) for brand W is introduced immediately after time t0. Assume every respondent buys exactly one unit of the product in each period. Data on number of respondents buying each brand in each period, based on a panel, are as follows: W W 175 25 0. to 100 25 25 Y 25 0. 50 Z 50 0. 25 Note: Confine your attention only to the data presented. Assume the world starts at to and stops after ti and the strategies of brands X, Y, and Z are unchanged between to and ti. a) Based on the data, is the price change for brand W successful? Focus on the market share as the relevant criterion. Show the calculations b) How many individuals in total switched brands between periods to and t1? Show your calculations.

Question (4): Answer the following problem:  Cover Me, Inc. sells umbrellas in two cities.  Management assumes that annual rainfall is the primary determinant of umbrella sales, and it wants to generate a linear regression equation to estimate potential sales in another city.  Use the table below to develop a linear regression equation to find out what sales might be if the rainfall is 12 inches in City C. Show your work in the below table   Rainfall X Sales Y X2 XY City A 36 inches 200     City B 30 inches 250     City C 12 inches       Total 66 450

Question 2: Sunblessed Juice Company sells bags of oranges and cartons of orange juice. Sunblessed grades oranges on a scale of 1 (poor) to 10 (excellent). At present, Sunblessed has 220,000 pounds of grade 6 oranges and 150,000 pounds of grade 9 oranges on hand. The average quality of oranges sold in bags must be at least 7, and the average quality of oranges used to produce orange juice must be at least 8. Each pound of oranges that is used for juice yields a revenue of $2.25 and incurs a variable cost (consisting of labor costs, variable overhead costs, inventory costs and so on) of $1.35. Each pound of oranges sold in bags yields a revenue of $2.00 and incurs a variable cost of $1.20.   Determine how Sunblessed can maximize its profit. Please include your answer report with the model, and a description of your recommendation. Use SolverTable to determine how a change in the cost per bag of oranges changes the optimal solution. Specifically, vary the cost from $1.00 to $1.50 in…

Question 1 An electronic component manufacturer has two facilities producing a range of resistors. Facility 1 costs €2000 per day to operate. Facility 2 costs €2500 per day to operate. The production capacities per day are as follows: Facility 1 Facility 2 Orders 25,000 Resistors 1% tolerance: 400 300 Resistors 5% tolerance 300 400 27,000 Resistors 10% tolerance 200 500 30,000 How many days should the manufacturer operate each facility in order to minimise its costs and still produce sufficient resistors to meet its orders? a. Formulate the problem as a linear programming model (hint: let X1 represent the number of days that Facility 1 should operate and X2 represent the number of days that Facility 2 should operate). b. Solve the problem using graphical linear programming (corner point) techniques. Question 2 Solve question 1 above using Excel. The graph and minimum cost result should automatically update if any of the constraints or objective function change.

Question 8: Which of the following is correct? Group of answer choices A) Janis identified 8 symptoms about groupthink, which can be grouped into 3 major categories:  having a highly cohesive group, closed-mindedness, and pressures towards uniformity. B) Janis identified 8 symptoms about groupthink, which can be grouped into 3 major categories:  having a highly cohesive group, closed-mindedness, and pressures towards dissent. C) Janis identified 8 symptoms about groupthink, which can be grouped into 3 major categories:  having a poorly cohesive group, closed-mindedness, and pressures towards quitting. D) Janis identified 8 symptoms about groupthink, which can be grouped into 3 major categories:  having a highly cohesive group, open-mindedness, and pressures towards uniformity.

Question 04: Use Holts Model to solve the following, Assuming a at 0.2 and ẞ at 0.3 Time Scale 600 1550 1500 1500 2400 3100 2600 2900 3800 4500 4000 4900 1 2 3 4 5 6 7 8 9 10 11 12

Question 1 Consider a case of TWO sisters fighting over an orange and as a way to end the quarrel, they decide to cut the orange into TWO equal halves. Immediately, one sister squeezes her half to make juice and the other sister uses the peels to bake cake. a)   Identify and explain the approach the TWO sisters used in addressing the conflict. b)   Do you think the approach used in the above scenario was the best? Give THREE reasons to support your argument. c)   Examine TWO negotiation lessons you learn from the above scenario.          d)   Discuss TWO dangers of conflict that parties are exposed to each time they disagree as in the above scenario.

How did they get 48?

Question 31 When a firm operates in multiple geographic markets simultaneously it is said to be implementing a product diversification strategy. OA) True B) False Question 32 Multipoint competition exists when two or more diversified firms simultaneously compete in multiple markets, and multipoint competition can serve to facilitate a particular type of tacit collusion called mutual forbearance. A) True B) False Question 33 Institutional owners are usually pension funds, mutual funds, insurance companies, or other groups of investors that have joined together to manage their investments. OA) True B) False

Question 5 Titebond blends Methanol and Toluene to produce two types of wood glues. Glue 1 must be at least 70% Toluene and sells for $70/Ib. Glue 2 must be at least 40% Methanol and sells for $40/lb. Titebond can' purchase up to 80 lbs. of Toluene at $15/lb and up to 100 Ibs. of Methanol at $10/lb. Assuming that all glue produced can be sold, formulate an LP to help Titebond maximize profits.

Question 1 Broad Topic: Sporting Equipment Narrowed Topic: Classification of Protective Gear in Contact Sports. Broad Topic: Farming Tools Narrowed Topic: Classification of Hand Tools in Organic Farming Practices Question 2 Broad Topic: Sporting Equipment Narrowed Topic: Classification of Protective Gear in Contact Sports. Thesis Statement: Through a classification approach, the analysis of protective gear in contact sports reveals distinct categories based on function, material composition, and design, highlighting the essential role these specialized equipment play in safeguarding athletes and minimizing the risk of injuries in physically demanding competitive environments. Question 3. Broad Topic: Sporting Equipment Narrowed Topic: Classification of Protective Gear in Contact Sports. Thesis Statement: Through a classification approach, the analysis of protective gear in contact sports reveals distinct categories based on function, material composition,…

Question 3 A NASA manager testified to the Rogers Commission that they hoped the backup O-ring on Challenger's solid rocket boosters would be the sealing O-ring under the worst case conditions.  This is an illustration of which Irving point:  Group of answer choices A) Shared illusion of unity B) The illusion of invulnerability C) Stereotyped views of others D) Having a moderately cohesive group

Question 1 All of the following are typical characteristics that make business purchase of materials different from consumer purchases, except: In business purchases the party that will use the material is typically not the party that will handle the receival and delivery of the material. In business purchases the party that will need the material is not typically the same party that has the power to make the purchase. O In business purchases The party that will use the material is typically the same party that will place the purchase the order for the material. In business purchases the actual purchase must meet legal requirements like meeting safety standards, contractual obligations, and meeting tax laws.

Question 7: Groupthink is: Group of answer choices A) A mindset of not rocking the boat in order to avoid promoting viewpoints outside the comfort zone of consensus thinking, which ultimately leads to planned, rational decision making because ideas are critically analyzed. B) A mindset of not rocking the boat in order to avoid promoting viewpoints outside the comfort zone of consensus thinking, which ultimately leads to hasty, irrational decision making because ideas are not critically analyzed. C) A mindset of not rocking the boat in order to avoid promoting viewpoints outside the comfort zone of consensus thinking, which ultimately leads to hasty, irrational decision making because ideas are critically analyzed. D) A mindset of rocking the boat in order to promote viewpoints outside the comfort zone of consensus thinking, which ultimately leads to hasty, irrational decision making because ideas are not critically analyzed.

Q/Choose a suitable question for each of the following answers. 1-Harry works for an international company in Dallas. * Where Harry is working and in which place? For what company Harry does work and where? For what and where does Harry work ? Does Harry work in an international company in Dallas?

Question 1: A manufacturer is trying to determine the combination of two products, A and B, that should be produced. Each product passes through a three-stage production process: Stages I, II and III. For product A: Stage I takes 3 hours of labour, Stage II takes 4 hours and Stage III takes 1 hour. For product B: Stage I takes 4 hours, Stage II takes 2 hours and Stage III takes 3 hours. Product A sells for £38 each unit and B for £40 each unit. At present 11 people are employed on Stage 1, 12 on Stage II and 10 on Stage III, with all employees working 40 hours each week. (a) Formulate this problem in terms of determining the sales-maximising combination of the two products on a weekly basis. (b) Solve the problem graphically. (c) Confirm the solution using simultaneous equations. (d) Identify the binding and non-binding constraints. (e) Undertake sensitivity analysis on each of the binding constraints and evaluate the management information that this generates. (f) If you know that the…

Question13: Which of the following best describes dispute resolution through an arbitrator? A) A process where a neutral third party facilitates communication between disputing parties to help them reach a mutually acceptable solution. B) A process where a judge hears arguments from both sides and makes a legally binding decision. C) A process where a party decides the outcome of the dispute without the involvement of any third party. D) A process where an arbitrator makes a legally binding decision after hearing evidence from both sides.

Question 1: Assume that there are a total of six different market segments for the fitness center market. Take reference from the listed overview of the markets and answer the questions give below. Overview: Making friends: The “making friends” market segment sees fitness centers as an opportunity to mix with people with similar goals and lifestyles and to make new friends. Losing it: The next market segment is “losing it”, which refers to the goal of losing weight. Taking shape: The “taking shape” market segment consists of consumers who are primarily interested in improving the look of their body. Peak performers: Consumers in the “peak performers” segment are highly disciplined and self-motivated individuals when it comes to their health and fitness. They are highly focused upon achieving their personal best. Health requirements: Consumers in this market segment attend a fitness center because they are trying to improve their health, strength, or because of “doctor’s orders”. Sports…

The laws governing Equal Employment Opportunity guarantee equal pay for men and women, whites and minorities, and other groups   Question 25 options:   True   False

Question 6: Irving Janis coined the term Groupthink after:  Group of answer choices A) Reviewing the Korean War, Pearl Harbor, Bay of Pigs crisis, and Vietnam War B) Reviewing the Korean War, Iran-Iraq War, Vietnam War, and Gulf War C) Reviewing the Gulf War, Vietnam War, Korean War, and Seven Day War D) Reviewing the Bay of Pigs crisis, Gulf War, Korean War, and Pearl Harbor

Question 4An investor is to purchase one of three types of real estate, as illustrated in Figure below. Theinvestor must decide among an apartment building, an office building, and a warehouse. Thefuture states of nature that will determine how much profit the investor will make are goodeconomic conditions and poor economic conditions. The profits that will result from eachdecision in the event of each state of nature are shown in Table below:       a) Find the optimal act using Maxi-Max criteriab) Find the optimal act using Mini-Max criteria  c) Find the optimal act using Maxi-Min criteria  d) Find the optimal act using Min-Max regret table

Question 2 Mary a songwriter submitted a song to the companies that she is under. Both companies then contacted her for the song submitted. Because of her contract with both companies, she is obligated to allow both companies to use the song submitted, but it will become a problem in the future because of copyright and publishing issues. She then needs to decide which company should use the song. Whichever option, the songwriter will fail to comply with the contract she signed with both companies. choose the correct dilemma below Epistemic Dilemma   Ontological Dilemma   Self-imposed Dilemma   World-imposed Dilemma   Obligation Dilemma   Prohibition Dilemma   Single-agent Dilemma   Multi-person Dilemma

Question / Year 1 3 Quarter 1 2 4 4 1 2 3 4 Sales 25 28 33 38 22 27 34 36 21 25 39 41 Based on the sales data shown above, what is the trend for quarter 1 of year 4? 30.45 30.42 30.52 30.49

A sheriff applies for the a reward offered by a bank to anyone who catches a bank robber. If the sheriff apprehends a bank robber will he be able to collect the reward?   Question 12 options:   A)  Probably, if he was off duty at the time he caught the robber,   B)  If he was on duty at that time...probably not.   C)  Yes it was an open offer.   D)  No, the bank's statement was only an invitation to negotiate   E)  A and B

4. Bill and Marla each own an undivided interest in a house that will pass to the survivor when either Bill or Marla dies. This is   Question 29 options:     a post-nuptial agreement       a joint tenancy       a tenancy in common       a tenancy in particular

Question 1: Should the marketing budget be maintained or increased during a recession or economic downturn? During a recession, the immediate desire of many companies is often to simply cut costs. The marketing department can be selected for this cut and in some cases is the first area cut. One could argue that the marketing spend is the one spend or investment in a company which should be maintained or even increased during a recession or economic downturn. Take a position: Marketing spend should be maintained or increased during a recession or economic downturn versus Marketing spend should be cut along with all the other spending in the organisation.

Question 9 Janis concluded that group members have a desperate drive to achieve consensus at all costs, and that they lose the ability to critically evaluate other points of view. Group of answer choices A) Decision makers are often blinded by their own needs for self-esteem and being an accepted member of a group, and lack the willingness to entertain opposing points of view and fully analyze alternatives. B) Decision makers are often forgo their own needs for self-esteem and being an accepted member of a group, and actively entertain opposing points of view and fully analyze alternatives. C) Decision makers are often blinded by their own needs for self-esteem and being an accepted member of a group, but work together to entertain opposing points of view and fully analyze alternatives. D) Decision makers are upfront about their own needs for self-esteem and being an accepted member of a group, which enables them to entertain opposing points of view and fully analyze alternatives.

Question A local real estate investor in Kingston is considering three investments: a motel, a restaurant, or a theatre. Profits from the motel or restaurant will be affected by the availability of gasoline and the number of tourist; Profits from the theatre will be relatively stable under any conditions. The following payoff table shows the profit or loss that could result from each investment:   Real Estate Investor Payoff Table   Payoffs are Profits   States of Nature (Gasoline Avaliability) Decision Alternatives Shortage Stable Supply Surplus Motel $8,000 $15,000 $22,000 Restaurant $2,000 $8000 $6,000 Theater $6,000 $6,000 $5,000     Which option should the real estate investor choose if he uses the Equal Likelihood criterion? Using a maximax approach, what alternative should the real estate investor choose? Using the Maximum approach, what alternative should the real estate investor choose?

Question A local real estate investor in Kingston is considering three investments: a motel, a restaurant, or a theatre. Profits from the motel or restaurant will be affected by the availability of gasoline and the number of tourist; Profits from the theatre will be relatively stable under any conditions. The following payoff table shows the profit or loss that could result from each investment:   Real Estate Investor Payoff Table   Payoffs are Profits   States of Nature (Gasoline Avaliability) Decision Alternatives Shortage Stable Supply Surplus Motel $8,000 $15,000 $22,000 Restaurant $2,000 $8000 $6,000 Theater $6,000 $6,000 $5,000     If the probability of a shortage of gasoline is 25%, the probability of a stable supply of gasoline is 45% and the probability of a surplus of gasoline is 30%. Using the EMV, What option should the real estate investor choose and what is that optimal expected value? What is the most the real…

Answer 1-3 correctly

Case 4 Situation: The Acme Warehouse Company received a consignment of 20' lengths of 3" diameter stainless steel pipes. Acme had never handled pipe as part of their warehousing operation. The forklift truck operator assigned to this job used the truck's forks as a ram to load, handle, and unload the pipe. Inspection of the pipe by the owners revealed that the forks were bending and damaging the pipe. Question: Suggest several alternative methods for eliminating the problem of pipe damage. From a cost and ease in application standpoint, select one alternative solution for adoption.

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Question 2: A manufacturing company produces 2 products, air conditioners and fan heaters: Each air-conditioner requires 3 hrs of wiring and 2 hrs drilling. Each heater needs 2 hrs wiring and 1 hr drilling. During the next production period, there are 240 hrs of wiring time available and 140 hours of drilling time. Each air-conditioner sold yields a profit of 25€. Each heater can be sold for 15€. Formulate this production-mix Linear Programming problem and find the combination of air-conditioners and heaters which gives the most profit.

Question #30 of 85   Question ID: 1251796 Debbie owns 100% of the common stock (3,750 shares, valued at $2,517,000) of Great West Linens Inc. Her daughters are full-time employees of the business. The business has a 10% average annual growth rate. Debbie has the following goals for the future: To further involve her daughters in the business To maintain control of the business to prevent its sale or liquidation during her lifetime To freeze the value of the business in her gross estate To receive sufficient income to maintain her current standard of living both currently and in retirement Which one of the following is the most appropriate form of business transfer for Debbie?     A) A preferred stock recapitalization in which Debbie receives a majority of the shares with voting rights, a fixed liquidation value, and qualified income payments, and transfers other shares to her daughters     B) A private annuity transaction with her daughters transferring all of her shares in…

QUESTION 20 Bearland Manufacturing produces 4 different types of wood paneling. Each type of paneling is made by gluing and pressing together a different mixture of pine and oak chips. The following table summarizes the required amount of gluing, pressing, and mixture of wood chips required to produce a pallet of 50 units of each type of paneling: Resources Required per Pallet of Paneling Type Paneling Type Tahoe Pacific Savannah Aspen Glue (quarts) 50 50 100 50 Pressing (hours) 50 150 100 50 Pine chips (pounds) 500 400 300 200 Oak chips (pounds) 500 750 250 500 Assume the company has 6,000 quarts of glue; 7,500 hours of pressing capacity; 30,000 pounds of pine chips; and 62,500 pounds of oak chips available in the next production cycle. Further assume that each pallet of Tahoe, Pacific, Savannah, and Aspen panels can be sold for profits of $450, $1,150, $800, and $400, respectively. Finally, for marketing purposes, the company wants to produce at least 4 pallets of each type of…

Q-1  )  Case- R. C. Coleman’s Warehouse Project.   C. Coleman distributes a variety of food products that are sold through grocery store and supermarket outlets. The company receives orders directly from the individual outlets, with a typical order requesting the delivery of several cases of anywhere from 20 to 50 different products. Under the company’s current warehouse operation, warehouse clerks dispatch order-picking personnel to fill each order and have the goods moved to the warehouse shipping area Because of the high labor costs and relatively low productivity of hand order picking, management has decided to automate the warehouse operation by installing a computer-controlled order-picking system along with a conveyor system for moving goods from storage to the warehouse shipping area. R. C. Coleman’s director of material management has been named the project manager in charge of the automated warehouse system. After consulting with members of the engineering staff and warehouse…

Q-1  )  Case- R. C. Coleman’s Warehouse Project.   C. Coleman distributes a variety of food products that are sold through grocery store and supermarket outlets. The company receives orders directly from the individual outlets, with a typical order requesting the delivery of several cases of anywhere from 20 to 50 different products. Under the company’s current warehouse operation, warehouse clerks dispatch order-picking personnel to fill each order and have the goods moved to the warehouse shipping area Because of the high labor costs and relatively low productivity of hand order picking, management has decided to automate the warehouse operation by installing a computer-controlled order-picking system along with a conveyor system for moving goods from storage to the warehouse shipping area. R. C. Coleman’s director of material management has been named the project manager in charge of the automated warehouse system. After consulting with members of the engineering staff and warehouse…