A Local Barbecue Joint Makes One Massive Batch of Potato

question 72

Multiple Choice

A local barbecue joint makes one massive batch of potato salad each day. If they run out of this savory side before the end of the day, their last few customers are less than satisfied, but if they make too much, they sell it to the local hog farmer for feed. Every serving costs an equivalent of $0.23 to make, but can be sold for $2.50 to customers and for $0.12 to the hog farmer. The average daily demand is for 400 servings with a standard deviation of 40 servings. How many servings should be made each day?

• A)467
• B)453
• C)462
• D)455

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Definitions:

Pensions

A retirement plan that typically requires an employer to make contributions into a pool of funds set aside for an employee's future benefit.

HR Functions

HR functions are the various activities performed by the Human Resources department, including recruitment, training, performance management, and employee relations.

Payroll Administration

The management of the financial records of employees’ salaries, wages, bonuses, net pay, and deductions.

Outsourced HR Functions

The practice of hiring external service providers to manage specific Human Resource tasks or operations typically performed in-house.