Which of the following would be considered an offer to form a unilateral contract?
A) an advertisement
B) an auction without reserve
C) a reward offer
D) an auction with reserve
C
Business
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What is the utilization rate for the mechanic?
A crew of mechanics at the Department of Transportation garage make minor repairs to snowplows during the winter. The snowplows break down at an average rate of 4 vehicles per day and breakdowns are distributed according to the Poisson distribution. The mechanic can service an average of 7 vehicles per day with a repair time distribution that approximates a negative exponential distribution. Assume an 8 hour day.
Business
Use the information in Scenario 9.9 to determine the annual setup cost if Geoff follows an EOQ policy to obtain cat food
A) $112 B) $14 C) $28 D) $56
Business