Jeff, a Manager at the Flux Soap Store, Notices That

question 16

Multiple Choice

Jeff, a manager at the Flux Soap Store, notices that the store regularly runs out of Jasmine-Berry soap.Currently, the reorder point is fixed when inventory reaches 40 percent of maximum.Which adjustment should Jeff make in a fixed-point reordering system?

• A)Jeff should lower the reorder level to a point where inventory of Jasmine-Berry soap is at 30 percent of maximum.
• B)Jeff should lower the reorder level to a point where inventory of Jasmine-Berry soap is at 10 percent of maximum.
• C)Jeff should raise the reorder level to a point where inventory of Jasmine-Berry soap is at 50 percent of maximum.
• D)Jeff should lower the reorder level to a point where inventory of Jasmine-Berry soap is at half of the previous level.

Identify the behaviors of average variable cost (AVC) and average total cost (ATC) as output changes.

Know the break-even and shutdown points in both short run and long run scenarios.

Distinguish between types of costs (fixed, variable, marginal).

Understand the role of total revenue in short-run operational decisions.

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Definitions:

Male Flies

Refers to the male specimens of flies, frequently studied in research for understanding genetics, behavior, and disease transmission.

Stimulus Filtering

The mechanism by which an organism discriminates between important and irrelevant stimuli in its environment to focus on survival-relevant information.

Female Fly

An adult female member of the insect order Diptera, which includes many species known for their roles in pollination, decomposition, and as disease vectors.

Hearing Abilities

The capacity of organisms to detect sound waves through specific anatomical structures, allowing for communication and environmental awareness.