The Manager of the Customer Service Department at a Bank

question 64

Multiple Choice

The manager of the customer service department at a bank can hire employees with a high school degree (HS) who earn $10,000 annually or employees with a bachelor's degree (B) who earn $20,000. The manager wants to maximize the number of customers served given a fixed payroll.

$\begin{array}{lll}& \text {Number of Adaitional Customers Served }\\ \text { Worker}& \text {High School Degree }& \text {Bachelor's Degree }\\1 s t & 80 & 90 \\2nd & 60 & 80 \\3 r d & 50 & 60 \\4 t h & 40 & 40 \\5 t h & 35 & 35 \\6 \text { th } & 30 & 25\end{array}$
-If the manager currently has three HS and three B, what must be true?

• A) More customers could be served if the manager hires fewer HS and more B.
• B) More customers could be served if the manager hires more HS and fewer B.
• C) The manager is making the correct decision because the marginal contributions are proportionate.
• D) The manager is not making the correct decision because

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Definitions:

Continue Statement

In programming, the continue statement skips the current iteration of a loop (for, while, do while) and proceeds with the next iteration.

Loop-continue Test

A test within loop iterations to decide whether to continue with the next iteration or exit the loop.

Counter-controlled

Refers to loops that execute a specific number of times, using a counter to track iterations.

While Loop

A control flow statement that allows code to be executed repeatedly based on a given Boolean condition.