Use the Information for the Question(s)below

question 31

Multiple Choice

Use the information for the question(s) below.
As an oil refiner, you are able to produce $76.16 worth of unleaded petrol from one barrel of Tapis Outback Crude (TOC) oil. Because of its lower sulphur content, you can produce $77.25 worth of unleaded petrol from one barrel of Western Australian Intermediate (WAI) crude.
-Assuming you currently have 10 000 tonnes of WAI crude, the total benefits to you if you were to sell the 10 000 tonnes of WAI crude and use the proceeds to purchase and refine TOC crude is closest to:

• A)$773 908
• B)$772 500
• C)$773 024
• D)$774 319

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Definitions:

Statistical Quality Control

The application of statistical methods to monitor and control a process to ensure that it operates at its full potential to produce conforming product.

CRM

Customer Relationship Management (CRM) is a strategy and set of technologies used by organizations to manage and analyze customer interactions and data throughout the customer lifecycle, with the goal of improving customer service relationships and assisting in customer retention and sales growth.

Continuous Attention

Ongoing focus and vigilance towards a task, project, or objective to ensure its successful completion.

Value Chain Analysis

A strategic analysis tool used to identify the primary and support activities of a business that create value for the customer, to enhance competitive advantage.