Compare and Contrast Methods of Summarizing and Describing Data
Use

question 74

Multiple Choice

Compare and contrast methods of summarizing and describing data
Use the table below to answer the following question(s) .
Below is a table showing the costs per order of items bought by a computer hardware store. $$\begin{array} { | l | l | l | } \hline \text { Supplier } & \text { Item Description } & \text { Cost per Order } \\\hline \text { Aloham Technologies } & \text { Monitors } & \$ 250 \\\hline \text { Aloham Technologies } & \text { Hard Disks } & \$ 220 \\\hline \text { Aloham Technologies } & \text { Power Supply } & \$ 88 \\\hline \text { Aloham Technologies } & \text { Graphics Card } & \$ 300 \\\hline \text { Aloham Technologies } & \text { Processor } & \$ 325 \\\hline \text { Aloham Technologies } & \text { Speakers } & \$ 88 \\\hline \text { MindRoot Hardwares } & \text { Flashdrive } & \$ 9 \\\hline \text { MindRoot Hardwares } & \text { Graphics Card } & \$ 299 \\\hline \text { MindRoot Hardwares } & \text { CD-ROM } & \$ 88 \\\hline \text { MindRoot Hardwares } & \text { Bluetooth Device } & \$ 80 \\\hline\end{array}$$
-Calculate the mean cost per order.

• A) $220.54
• B) $174.70
• C) $159
• D) $88

Recognize the practical preferences and limitations of IRR and NPV in managerial decision-making.

Understand the principles behind facility location selection and the factor rating method.

Apply quantitative methods to determine optimal facility locations.

Analyze the costs and benefits associated with various location options.

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Definitions:

Profit Sharing

A company policy where employees receive a portion of the company's profits, in addition to their regular salary, based on predetermined criteria.

Employee Participation

A process that involves staff in decision-making within the organization, contributing to better engagement and outcomes.

Labor Unions

Organizations that represent the collective interests of workers in negotiations with employers over wages, benefits, and working conditions.

Self-Managed Teams

Groups of workers who are provided with the autonomy to plan, execute, and monitor their own tasks and performance.