The Operations Manager for the Blue Moon Brewing Co

question 94

Multiple Choice

The operations manager for the Blue Moon Brewing Co.produces two beers: Lite (L) and Dark (D) .Two of his resources are constrained: production time,which is limited to 8 hours (480 minutes) per day; and malt extract (one of his ingredients) ,of which he can get only 675 gallons each day.To produce a keg of Lite beer requires 2 minutes of time and 5 gallons of malt extract,while each keg of Dark beer needs 4 minutes of time and 3 gallons of malt extract.Profits for Lite beer are $3.00 per keg,and profits for Dark beer are $2.00 per keg.What is the objective function?

• A)Z = $2 L + $3 D
• B)Z = $2 L + $4 D
• C)Z = $3 L + $2 D
• D)Z = $4 L + $2 D
• E)Z = $5 L + $3 D

Grasp the non-quantitative signals indicating business health and the need for turnaround strategies.

Understand the definition and elements of transformational leadership, including the role of effective delegation.

Grasp the key concepts and dimensions of the GLOBE model of cultural dimensions.

Identify the nature of the Leader-Member Exchange (LMX) Model and its relevance to organizational leadership.

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Definitions:

Fixed Cost

Expenses that do not change with the level of goods or services produced over the short term.

Expense Function

A mathematical representation or formula used to calculate the total expenses incurred by a business or individual.

Demand Function

A mathematical formula representing the relationship between the quantity demanded of a good and its affecting factors such as price, income, and preferences.

Revenue

The income a business receives from selling a product.