The Logistics/operations Manager of a Mail Order House Purchases Two

question 85

Multiple Choice

The logistics/operations manager of a mail order house purchases two products for resale: king beds (K) and queen beds (Q) . Each king bed costs $500 and requires 100 cubic feet of storage space, and each queen bed costs $300 and requires 90 cubic feet of storage space. The manager has $75,000 to invest in beds this week, and her warehouse has 18,000 cubic feet available for storage. Profit for each king bed is $300 and for each queen bed is $150.
What is the objective function?

• A)Z = $150 K + $300 Q
• B)Z = $500 K + $300 Q
• C)Z = $300 K + $150 Q
• D)Z = $300 K + $500 Q
• E)Z = $100 K + $90 Q

Understand the concept of moral hazard in the context of insurance and employment.

Distinguish between moral hazard and adverse selection.

Identify the impact of safety measures and monitoring on behavior change.

Evaluate the financial implications of installing safety equipment in the workplace.

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Definitions:

Excessive Anxiety

A state of persistent and overwhelming worry and fear that is disproportionate to the actual source of stress in one's life.

Obsessive-Compulsive Disorder

A psychological condition marked by persistent, intrusive thoughts (obsessions) and unreasonable, strong desires to perform specific acts (compulsions).

Panic Attack

An episode of overwhelming anxiety, fear, or terror.

Major Phobic

Not a standard psychiatric term; may refer to severe phobic disorders, which are intense, irrational fears of specific objects or situations.