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GSCM 209 DeVry Week 4 Quiz Latest
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Question 1. Question : (TCO 6) Which equation best describes the break-even point? (> means greater than, < meansless than, ? means greater than or equal to, and ? means less than or
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Question 1. Question : (TCO 6) Which equation best describes the break-even point? (> means greater than, < meansless than, ? means greater than or equal to, and ? means less than or equal to.)
Total cost (TC) > total revenue (TR)
TC < TR
TC = TR
TC ? TR
Question 2. Question : (TCO 6) The formula for efficiency is
actual output ÷ effective capacity.
actual output ÷ design capacity.
effective capacity × utilization.
None of the above
Question 3. Question : (TCO 7) ZXY is going ahead on an expansion project. It will be able to earn $500 per hour and run 4,000 hours per year. What is the net present value for the next 7 years with an interest rate of 6%?
Question 4. Question : (TCO 8) Bob’s Automated Carwash can service 10 cars per hour. On average, 12 cars show up every hour. Determine
(a) the waiting model to be used,
(b) average cars in the system, and
(c) average time in the system.
Question 5. Question : (TCO 9) List three linear program applications and their respective uses.