The Operations Manager for a Local Bus Company Wants to Decide

question 66

Multiple Choice

The operations manager for a local bus company wants to decide whether he should purchase a small, medium, or large new bus for his company. He estimates that the annual profits (in $000) will vary depending upon whether passenger demand is low, medium, or high, as follows:

If he uses the Laplace criterion, which size bus will he decide to purchase?

• A)small
• B)medium
• C)large
• D)either small or medium
• E)either medium or large

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Definitions:

Theorists

Individuals who develop theories and concepts in a particular field of study to explain phenomena or guide research and practice.

Psychology

The scientific study of the human mind and its functions, especially those affecting behavior in a given context.

Electro-Neural Stimulator

A device used to deliver electrical impulses to nerves in the body, often for pain relief or to stimulate muscle activity.

Brain Efficiency

The ability of the brain to perform tasks effectively and efficiently with minimal use of resources, such as energy.