GSCM209 The Supply Chain Management Decision Support Tools and Applications
Week 5 Quiz
Question 1 (TCO 6) Which of the following statements regarding fixed costs is TRUE?
Fixed costs rise by a constant amount for every added unit of volume.
Although fixed costs are ordinarily constant with respect to volume, they can step upward if volume increases result in additional fixed costs.
Fixed costs are those costs associated with direct labor and materials.
Fixed costs equal variable costs at the break-even point.
Fixed cost is the difference between selling price and variable cost.
Question 2 (TCO 7) A means of determining the discounted value of a series of future cash receipts is
None of the above
Question 3 TCO 8) A queuing model that follows the M/M/1 assumptions has λ = 10 and μ = 12. What is the average number of units in the system?
Question 4 (TCO 9) A linear programming problem contains a restriction that reads “the quantity of X must be at least twice as large as the quantity of Y.” Formulate this as a linear programming constraint.
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