Scenario C.1 Jerry Allison Is in Charge of Production for a Small

question 18

Multiple Choice

Scenario C.1
Jerry Allison is in charge of production for a small producer of plumbing supplies. The cricket model has an estimated annual demand of 12,000 units and can be produced at a production rate of 90 units per day. The company produces (and sells) the cricket 300 days per year. Setup cost to produce this model averages $22 and the item has a holding cost of $3 per unit per year.
-Use the information in Scenario C.1. If Jerry chooses to produce the batch size suggested by the economic production lot size (ELS) model, what is the annual cost?

• A) less than or equal to $900
• B) greater than $900 but less than or equal to $950
• C) greater than $950 but less than or equal to $1,000
• D) greater than $1,000

Recognize the role of genetics and heritability in determining traits and behaviors.

Identify cognitive biases and heuristics in decision making and problem solving.

Understand the principles of cognitive psychology including perception, memory, and thought processes.

Familiarize with the concepts of functional fixedness and its impact on problem solving.

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Definitions:

Genotype

The genetic makeup of an organism, comprising all the genes and their variants.

Symptoms

Physical or mental features that are regarded as indicating a condition of disease.

Genetic Counselor

A healthcare professional who advises individuals and families on the risk of genetic disorders, interpreting test results, and providing support.

Genetic Defect

An abnormality in the DNA sequence that can lead to diseases or conditions being passed from parents to offspring.