Which of the following is NOT a use of labor standards?
A) labor content of items produced
B) cost and time estimates prior to production
C) crew size and work balance
D) basis of wage-incentive plans
E) All of the above are uses of labor standards.
E
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The campus bookstore sells highlighters that it purchases by the case. Cost per case, including shipping and handling, is $200. Revenue per case is $350. Any cases unsold will be discounted and sold at $175
The bookstore has estimated that demand will follow the pattern below Demand level Probability 10 cases 20 percent 11 cases 20 percent 12 cases 40 percent 13 cases 15 percent 14 cases 5 percent a. Construct the bookstore's payoff table. b. How many cases should the bookstore stock in order to maximize expected profit? c. How would your answer differ if the clearance price were not $175 per case but $225 per case? (It is not necessary to re-solve the problem to answer this.)
In the Kelo case, Pfizer built its facility and the area became well developed and economically renewed
Indicate whether the statement is true or false