A Buyer for a Department Store Orders Sweaters About 6 $\leq$

question 32

Multiple Choice

A buyer for a department store orders sweaters about 6 months before the winter season. The store plans to hold a March clearance sale to sell any surplus goods by February 29. Each piece costs $100 per pair and sells for $120 per pair. At the sale price of $60 per pair, it is expected that any remaining stock can be sold during the March sale. Assume that a uniform probability distribution ranging from 250 to 450 items describes the demand. The expected demand is 300. In the context of the single period inventory system, the optimal order size Qmust satisfy the condition _____.

• A) P(demand \(\leq\) Q*) = 1/2
• B) P(demand \(\leq\) Q*) = 1/3
• C) P(demand \(\leq\) Q*) = 1/4
• D) P(demand \(\leq\) Q*) = 1/5

Understand the different directions of organizational communication (upward, downward, lateral, diagonal).

Distinguish between situations suitable for oral vs. written communication.

Recognize the importance and methods of feedback in effective communication.

Understand the role of nonverbal communication in conveying messages.

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Definitions:

Visual Recognition Memory

The kind of memory shown in an infant’s ability to discriminate previously seen objects from novel objects.

Verbal Expression

The ability to convey thoughts, feelings, or information through spoken language, involving a wide range of vocabulary and grammatical structures.

Consonants

Speech sounds produced by obstructing the flow of air at one place or another along the path of the airflow from the vocal folds.

Vowels

Speech sounds produced without any significant constriction or blockage of airflow in the vocal tract.