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Exhibit 12.5
The following questions use the information below.
The owner of Sal's Italian Restaurant wants to study the growth of his business using simulation. He is interested in simulating the number of customers and the amount ordered by customers each month. He currently serves 1000 customers per month and feels this can vary uniformly between a decrease of as much as 5% and an increase of up to 9%. The bill for each customer is a normally distributed random variable with a mean of $20 and a standard deviation of $5. The average order has been increasing steadily over the years and the owner expects the mean order will increase by 2% per month. You have created the following spreadsheet to simulate the problem.
-The amount of time a customer spends with the server is referred to as
Multidivisional Structure
A form of organizational structure where a company is divided into semi-autonomous divisions, each with its own set of functional units like marketing and finance.
Matrix Structure
An organizational structure that combines both functional and divisional departmentalization together with dual lines of authority.
Divisional Departmentalization
Organizing a business into divisions, each of which is responsible for its own set of related products, services, or market sectors.
Functional Departmentalization
The process of organizing a business or organizational structure based on the primary functions performed within the organization.
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