SCENARIO 1-1 Allison and Gail Are Both University Students Studying

question 46

Multiple Choice

SCENARIO 1-1 Allison and Gail are both university students studying for a final exam in OB.Both students have a goal of making a grade of 90% or better despite the time pressures they face.Gail studied diligently for six hours and made a grade of 92%.Allison studied diligently for nine hours and also made a grade of 92%.
Gail appears to be the more productive student because

• A)her efficiency seemed to be better than Allison's.
• B)her effectiveness seemed to be better than Allison's.
• C)her IQ is higher than Allison's.
• D)Allison didn't seem to think that time is an important factor.
• E)It is impossible to tell from the information given.

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Definitions:

Set Up Cost

Expenses associated with preparing equipment or facilities for a task, such as a production run or a new process.

Holding Cost

The expenses associated with storing inventory, including warehousing, insurance, depreciation, and opportunity costs.

Strategic Advantage

A favorable position a company holds against its competitors, often resulting from implementing effective strategies.

Complex

Characterized by having numerous interconnected parts or elements, making something difficult to understand or analyze.